Berry GlobalBERY
BERY
About: Berry global Group Inc is a supplier of plastic packaging products mainly sold to consumer-oriented end markets. The four business segments are Consumer Packaging International, Consumer Packaging North America, Flexibles, and Health, Hygiene & Specialties. The company 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: 42,000
0
Funds holding %
of 6,831 funds
0
Analysts bullish %
of 6 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
135% more call options, than puts
Call options by funds: $18.7M | Put options by funds: $7.95M
14% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 49
14% more capital invested
Capital invested by funds: $6.76B [Q2] → $7.67B (+$913M) [Q3]
8% more funds holding in top 10
Funds holding in top 10: 12 [Q2] → 13 (+1) [Q3]
1% more funds holding
Funds holding: 390 [Q2] → 394 (+4) [Q3]
1.82% less ownership
Funds ownership: 100.48% [Q2] → 98.66% (-1.82%) [Q3]
14% less repeat investments, than reductions
Existing positions increased: 131 | Existing positions reduced: 153
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$72
2%
upside
Avg. target
$74
5%
upside
High target
$76
8%
upside
6 analyst ratings
1 positive
17%
5 neutral
83%
0 negative
0%
UBS Joshua Spector 67% 1-year accuracy 24 / 36 met price target | 2%upside $72 | Neutral Maintained | 10 Jan 2025 |
Truist Securities Michael Roxland 52% 1-year accuracy 25 / 48 met price target | 5%upside $74 | Hold Maintained | 6 Jan 2025 |
Barclays Michael Leithead 53% 1-year accuracy 10 / 19 met price target | 6%upside $75 | Equal-Weight Maintained | 27 Nov 2024 |
Citigroup Anthony Pettinari 44% 1-year accuracy 22 / 50 met price target | 8%upside $76 | Neutral Reinstated | 25 Nov 2024 |
JP Morgan Jeffrey Zekauskas 43% 1-year accuracy 20 / 46 met price target | 8%upside $76 | Overweight Reinstated | 25 Nov 2024 |
Financial journalist opinion
Based on 15 articles about BERY published over the past 30 days
Positive
Zacks Investment Research
13 hours ago
Berry Global (BERY) Reports Q1 Earnings: What Key Metrics Have to Say
The headline numbers for Berry Global (BERY) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Positive
Zacks Investment Research
14 hours ago
Berry Global (BERY) Q1 Earnings and Revenues Surpass Estimates
Berry Global (BERY) came out with quarterly earnings of $1.09 per share, beating the Zacks Consensus Estimate of $1 per share. This compares to earnings of $1.22 per share a year ago.
Neutral
Business Wire
17 hours ago
Vybond Launches as Nautic Partners Completes Acquisition of Specialty Tapes Business from Berry Global in Partnership with Management
FRANKLIN, Ky.--(BUSINESS WIRE)-- #AdhesiveTapes--Nautic Partners, LLC (“Nautic”), in partnership with management, has officially completed its acquisition of the Specialty Tapes business from Berry Global Group, Inc. (NYSE: BERY), unveiling the newly branded company, Vybond™. As a standalone business, Vybond is positioned to expand its leadership in pressure-sensitive adhesive tapes, delivering innovative solutions to industrial and specialty markets worldwide. With its headquarters in Franklin, KY, and operati.
Neutral
Business Wire
1 day ago
CORRECTING and REPLACING BERRY GLOBAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Berry Global Group, Inc. - BERY
NEW ORLEANS--(BUSINESS WIRE)--First paragraph, second sentence of the release issued January 29, 2025 should read: Upon closing of the proposed transaction, Berry shareholders will own approximately 37% of the combined company. (instead of Upon closing of the proposed transaction, Berry shareholders will own approximately 63% of the combined company.) The updated release reads: BERRY GLOBAL INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: KAHN SWICK & FOTI, LLC INVESTIGATES ADEQU.
Positive
Seeking Alpha
4 days ago
Huge Yields And Big Buybacks: Stocks I Am Buying Hand-Over-Fist
Investing in high dividend yields and large buyback stocks reduces speculation, ensuring attractive total returns with minimal growth needed. Huge capital returns to shareholders via dividends and buybacks also typically imply a solid balance sheet and significant management confidence in the business. I share three deeply undervalued opportunities that offer high yields and are buying back a lot of stock.
Neutral
Business Wire
6 days ago
BERRY GLOBAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Berry Global Group, Inc. - BERY
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Berry Global Group, Inc. (NYSE: BERY) to Amcor plc (NYSE: AMCR). Upon closing of the proposed transaction, Berry shareholders will own approximately 63% of the combined company. KSF is seeking to determine whether the transaction and the process that led to it are adequate, or whether the transaction is fair t.
Neutral
Business Wire
6 days ago
Berry Declares Quarterly Dividend
EVANSVILLE, Ind.--(BUSINESS WIRE)--Berry Global Group, Inc.'s (NYSE: BERY) board of directors today declared a quarterly cash dividend of $0.31 per share. The payment date is March 17, 2025, to stockholders of record as of March 3, 2025. About Berry At Berry Global Group, Inc. (NYSE: BERY), we create innovative packaging solutions that we believe make life better for people and the planet. We do this every day by leveraging our unmatched global capabilities, sustainability leadership, and deep.
Positive
Seeking Alpha
1 week ago
Amcor Investors Await Berry Global's Buyout, As Dip-Buying Opportunity Arises
Amcor gets upgraded to buy, from my prior hold rating, betting on its buyout of rival Berry Global to complete and create a packaging giant. The shares are trading undervalued vs key peers, along with dipping below their 200-day simple moving average, opening a buying window. As a standalone company, without the merger, the stock pays a +5% dividend yield now, and boasts investment-grade credit ratings and positive cash flow outlooks.
Neutral
Business Wire
1 week ago
Berry Global Group, Inc. to Release First Quarter 2025 Results on February 4, 2025
EVANSVILLE, Ind.--(BUSINESS WIRE)--Berry Global Group, Inc. (NYSE: BERY), announced today that it will release its first quarter 2025 results on Tuesday, February 4, 2025, before trading begins on the New York Stock Exchange. As a result of the announced transaction in November 2024 with Amcor, Berry will not hold its normal quarterly conference call on the Company's results and performance. The Company will post their earnings release and a supplemental presentation regarding its first quarter.
Neutral
GlobeNewsWire
1 week ago
FIBC Market Size to Hit USD 12.86 Billion by 2033 | Straits Research
The global fibc market size was valued at USD 8.36 billion in 2024 and is projected to reach from USD 8.77 billion in 2025 to USD 12.86 billion by 2033, growing at a CAGR of 4.9% during the forecast period (2025-2033). The global fibc market size was valued at USD 8.36 billion in 2024 and is projected to reach from USD 8.77 billion in 2025 to USD 12.86 billion by 2033, growing at a CAGR of 4.9% during the forecast period (2025-2033).
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