Pactiv EvergreenPTVE
Market Cap: $2B
About: Pactiv Evergreen Inc is engaged in the business of manufacturing and distributing fresh foodservice and food merchandising products and fresh beverage cartons. It operates in two segments: Foodservice, Food and Beverage Merchandising. These segments manufacture products such as food containers, drinkware, tableware, service ware, ready-to-eat food containers, clear rigid-display containers, trays for meat and poultry, molded fiber egg cartons, printed cartons, spouts & filling machines, and other products. It generates the majority of its revenue from Food and Beverage Merchandising. The company's geographical segments are the United States, the Rest of North America, and Others, of which the vast majority of its revenue comes from the United States.
Employees: 15,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
262% more call options, than puts
Call options by funds: $442K | Put options by funds: $122K
4% more repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 53
0.34% less ownership
Funds ownership: 22.45% [Q1] → 22.12% (-0.34%) [Q2]
3% less funds holding
Funds holding: 146 [Q1] → 142 (-4) [Q2]
17% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 23
22% less capital invested
Capital invested by funds: $574M [Q1] → $448M (-$126M) [Q2]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
UBS Curt Woodworth 29% 1-year accuracy 4 / 14 met price target | 34%upside $15 | Buy Maintained | 8 Aug 2024 |
RBC Capital Arun Viswanathan 57% 1-year accuracy 35 / 61 met price target | 16%upside $13 | Outperform Maintained | 7 Aug 2024 |
Baird Ghansham Panjabi 48% 1-year accuracy 13 / 27 met price target | 8%upside $12 | Neutral Maintained | 2 Aug 2024 |
UBS Curt Woodworth 29% 1-year accuracy 4 / 14 met price target | 43%upside $16 | Buy Maintained | 17 Jul 2024 |
Citigroup Anthony Pettinari 62% 1-year accuracy 34 / 55 met price target | 25%upside $14 | Buy Maintained | 8 Jul 2024 |
Financial journalist opinion
Based on 3 articles about PTVE published over the past 30 days