Berry Global
BERY
Market cap $8.02B

69.94 USD

+0.15

0.21%

At close Oct 17, 4:00 PM EDT

After hours

69.94

+0.00

0.00%

1 day

0.21%

5 days

4.11%

1 month

4.00%

3 months

9.57%

6 months

25.03%

Year to date

4.64%

1 year

20.17%

5 years

80.30%

About: Berry global Group Inc is a leading global supplier of plastic packaging products mainly sold to consumer-oriented end markets. The four business segments are consumer packaging international, consumer packaging North America, engineered materials, and health, hygiene, and specialties. The company primarily uses plastic resin as its raw material, purchased from a variety of suppliers. The majority of revenue comes from consumer packaging international due to the acquisition of RPC, which expanded the geographical areas in which the company operates. The consumer packaging segment consists of closures and dispensing systems, pharmaceutical devices and packaging, bottles and canisters, polythene films, recycling, containers, and technical components.

Employees: 44,000

Materials Plastics Products

0

Funds holding %

of 6,740 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

184% more call options, than puts

Call options by funds: $28.7M | Put options by funds: $10.1M

1.6% more ownership

Funds ownership: 97.91% [Q1] → 99.5% (+1.6%) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 12 [Q1] → 12 (+0) [Q2]

2% less capital invested

Capital invested by funds: $6.86B [Q1] → $6.7B (-$167M) [Q2]

4% less funds holding

Funds holding: 407 [Q1] → 389 (-18) [Q2]

28% less first-time investments, than exits

New positions opened: 47 | Existing positions closed: 65

28% less repeat investments, than reductions

Existing positions increased: 121 | Existing positions reduced: 169

See Fund Rankings

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$74

6%

upside

Avg. target

$75

7%

upside

High target

$76

9%

upside

2 analyst ratings

0 positive

0%

2 neutral

100%

0 negative

0%

Truist Securities Michael Roxland 87% 1-year accuracy 39 / 45 met price target	6%upside $74	Hold Maintained	15 Oct 2024
Morgan Stanley Stefan Diaz 0 / 0 met price target	9%upside $76	Equal-Weight Initiated	4 Sept 2024

See Analyst Rankings

Financial journalist opinion

Based on 6 articles about BERY published over the past 30 days

Berry and Glatfelter Announce Pricing of Upsized Senior Secured Notes Offering by Berry Subsidiary in Connection with Proposed Merger of Berry's Health, Hygiene and Specialties Global Nonwovens and Films Business with Glatfelter

EVANSVILLE, Ind. & CHARLOTTE, N.C.--(BUSINESS WIRE)--Berry Global Group, Inc. (NYSE:BERY) (“Berry”) and Glatfelter Corporation (NYSE:GLT) (“Glatfelter”) announced today that Treasure Escrow Corporation (the “Issuer”), currently an indirect, wholly owned subsidiary of Berry, priced and upsized its previously announced offering to $800 million aggregate principle amount of its senior secured notes due 2031 (the “Notes”). The Notes are being offered by the Issuer in connection with the previously.

Berry and Glatfelter Announce Pricing of Upsized Senior Secured Notes Offering by Berry Subsidiary in Connection with Proposed Merger of Berry's Health, Hygiene and Specialties Global Nonwovens and Films Business with Glatfelter

Berry and Glatfelter Announce Proposed Offering by a Berry Subsidiary of Senior Secured Notes in Connection with the Proposed Merger of Berry's Health, Hygiene and Specialties Global Nonwovens and Films Business with Glatfelter

EVANSVILLE, Ind. & CHARLOTTE, N.C.--(BUSINESS WIRE)--Berry Global Group, Inc. (NYSE:BERY) (“Berry”) and Glatfelter Corporation (NYSE:GLT) (“Glatfelter”) announced today that Berry's indirect, wholly-owned subsidiary, Treasure Escrow Corporation, a Delaware corporation (the “Issuer”), plans to issue $500,000,000 of senior secured notes due 2031 (the “Notes”). The proceeds from the offering are intended to be used to fund a portion of the cash distribution to Berry Global, Inc., a Delaware corpor.

Berry and Glatfelter Announce Proposed Offering by a Berry Subsidiary of Senior Secured Notes in Connection with the Proposed Merger of Berry's Health, Hygiene and Specialties Global Nonwovens and Films Business with Glatfelter

Zacks Investment Research

Here's Why You Should Retain Berry Global Stock in Your Portfolio

BERY stands to gain from strength in its Consumer Packaging North America segment. The company's measures to reward its shareholders are also encouraging.

Here's Why You Should Retain Berry Global Stock in Your Portfolio

Zacks Investment Research

Berry Global and Lassonde Partner on Recycled Lemon, Lime Bottles

With the help of BERY's knowledge and access to mechanically recycled PET, Lassonde expects to lower greenhouse gas emissions by approximately 94 tonnes of carbon dioxide every year.

Berry Global and Lassonde Partner on Recycled Lemon, Lime Bottles

Berry Global and Glatfelter Announce Date of the Glatfelter Shareholder Meeting in Connection with the Proposed Merger of Berry's Health, Hygiene and Specialties Global Nonwovens and Films Business with Glatfelter

EVANSVILLE, Ind. & CHARLOTTE, N.C.--(BUSINESS WIRE)--Berry Global Group, Inc. (NYSE:BERY) and Glatfelter Corporation (NYSE:GLT) announced today the date of the special meeting of the Glatfelter shareholders to seek approval of, among other matters, the issuance of additional shares of Glatfelter common stock as well an amendment to the Glatfelter charter to increase the number of authorized shares of Glatfelter common stock and to effect a reverse stock split of the common shares of Glatfelter.

Berry Global and Glatfelter Announce Date of the Glatfelter Shareholder Meeting in Connection with the Proposed Merger of Berry's Health, Hygiene and Specialties Global Nonwovens and Films Business with Glatfelter

Zacks Investment Research

Berry Global Unveils Chameleon for Quick Low-Cost Customization

BERY's Chameleon bottle features a unique textured base section that is offered in ten standard versions.

Berry Global Unveils Chameleon for Quick Low-Cost Customization

James T. Glerum, Jr. Appointed to the Board of Directors of Berry Global Group, Inc.

EVANSVILLE, Ind.--(BUSINESS WIRE)--Berry Global Group, Inc. (NYSE: BERY) announced today that James T. Glerum, Jr. has been appointed to its Board of Directors. Glerum, age 64, retired as Vice Chairman, Investment Banking at Citigroup in July 2024. Prior to joining Citigroup in 2011, Mr. Glerum held senior leadership positions in investment banking at UBS and Credit Suisse in Chicago and New York City. Over his 40-year investment banking career, Mr. Glerum executed more than 325 corporate finan.

James T. Glerum, Jr. Appointed to the Board of Directors of Berry Global Group, Inc.

Zacks Investment Research

Berry Global Stock Boasts Strong Prospects Despite Headwinds

BERY is set to benefit from solid momentum in the Consumer Packaging North America segment. However, weakness in the Consumer Packaging International segment remains a concern.

Berry Global Stock Boasts Strong Prospects Despite Headwinds

Berry Global: Trading At A 10% Free Cash Flow Yield

Berry Global remains a cash flow monster with strong financial performance. The company reported $303M operating income in Q3, with net profit of $193M, translating to EPS of $1.69. BERY stock is trading at an attractive free cash flow yield of around 10%, with potential for debt reduction and EBITDA growth.

Berry Global: Trading At A 10% Free Cash Flow Yield

Zacks Investment Research

Berry Global (BERY) is a Top-Ranked Value Stock: Should You Buy?

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

Berry Global (BERY) is a Top-Ranked Value Stock: Should You Buy?

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