Pactiv Evergreen (PTVE)

• Market cap: $3.19B
• 1 day: 1.20%
• 5 days: 1.02%
• 1 month: 2.66%
• 3 months: 49.58%
• 6 months: 37.75%
• Year to date: 1.78%
• 1 year: 22.55%
• 5 years: 62.58%
• 10 years: 62.58%
• Sector: Materials
• Industry: Plastics, Foil & Coated Paper Bags

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 Q3 regulatory filings by fund managers ($100M+ AUM)

7% more capital invested

Capital invested by funds: $456M [Q2] → $488M (+$31.9M) [Q3]

1.15% more ownership

Funds ownership: 22.48% [Q2] → 23.63% (+1.15%) [Q3]

4% less funds holding

Funds holding: 142 [Q2] → 137 (-5) [Q3]

14% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 22

33% less repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 60

56% less call options, than puts

Call options by funds: $88K | Put options by funds: $200K

Research analyst outlook

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

• Low target: $18 1% upside
• Avg. target: $18 1% upside
• High target: $18 1% upside

4 analyst ratings

• positive: 0 0%
• neutral: 4 100%
• negative: 0 0%

UBS Joshua Spector 56% 1-year accuracy 18 / 32 met price target	1% upside $18	Neutral Downgraded	10 Jan 2025
RBC Capital Arun Viswanathan 30% 1-year accuracy 21 / 70 met price target	1% upside $18	Sector Perform Downgraded	19 Dec 2024
Jefferies Philip Ng 44% 1-year accuracy 8 / 18 met price target	1% upside $18	Hold Downgraded	18 Dec 2024
Citigroup Anthony Pettinari 44% 1-year accuracy 22 / 50 met price target	1% upside $18	Neutral Downgraded	10 Dec 2024