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Berry Global, Inc
Type
Public
Traded as NYSE: BERY
Founded 1967
Headquarters Evansville, Indiana, United States
Key people
Thomas E. (Tom) Salmon, CEO
Revenue Increase US$6.4 Billion (FY 2016)
Operating income
Increase US$581 million (FY 2016)
Number of employees
20,000 (September 2014)
Website www.berryglobal.com

Berry Global, Inc is a global manufacturer and marketer of plastic packaging products. Headquartered in Evansville, Indiana, the company operates over 130 global manufacturing facilities and employed over 25,000 individuals as of the end of financial Year 2012. In April 2017, the name of the company was changed to Berry Global, Inc.

Berry was originally established in 1967 as Imperial Plastics. In recent years, Berry has completed several acquisitions including Mammoth Containers, Sterling Products, Tri-Plas, Alpha Products, PackerWare, Venture Packaging, Virginia Design Packaging, Container Industries, Knight Engineering and Plastics, Cardinal Packaging, Poly-Seal, Landis Plastics, Euromex Plastics S.A. de C.V., Kerr Group, Covalence Specialty Materials (the former Tyco Plastics & Adhesives business), Rollpak, Captive Plastics, MAC Closures, Superfos, and the Pliant Corporation.

Landis Plastics, Inc. was based in Chicago Ridge, Illinois, with five domestic facilities supporting North American customers, manufacturing injection molded and thermoformed plastic packaging for dairy and other food products. Landis had experienced robust organic sales growth of 10.4%(1) over its last 15 years, before its purchase by Berry Plastics in 2003. During 2002, Landis generated $211.6 million of net sales.

In September 2011, Berry Plastics acquired 100% of the capital stock of Rexam SBC for an aggregate purchase price of $351 million ($340 million, net of cash acquired), financing the purchase with cash on hand and existing credit facilities. Rexam produces rigid packaging, notably plastic closures, fitments and dispensing closure systems, and jars. The acquisition was accounted for under the purchase method of accounting, accordingly allocating the purchase price to the identifiable assets and liabilities based on estimated fair values at the acquisition date.

In July 2015, Berry Plastics announced plans to acquire Charlotte, North Carolina-based AVINTIV for $2.45 billion cash.

News

Berry Global Group, Inc. -1.88% (consumer cyclical)

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2020 2020-11-19 Future report Set alerts
Q3 2020 2020-07-31 1.52 1.42
Q2 2020 2020-05-01 1.19 0.94
Q1 2020 2020-01-31 0.56 0.35
Q4 2019 2019-11-21 0.90 1.69
Q3 2019 2019-07-30 0.90 0.10
Q2 2019 2019-05-02 0.84 0.55
Q1 2019 2019-02-01 0.77 0.66
Q4 2018 2018-11-15 0.90 0.99
Q3 2018 2018-08-03 0.96 0.81

Ratings

2016-07-12 Initiated Coverage SunTrust Banks Inc. Neutral $42.00
2016-06-15 Reiterated Rating Deutsche Bank Buy
2016-06-15 Initiated Coverage Barclays Overweight $45.00
2016-06-15 Reiterated Rating Deutsche Bank AG Buy
2016-06-15 Initiated Coverage Barclays PLC Overweight $45.00
2016-06-01 Reiterated Rating Goldman Sachs Buy $50.00
2016-06-01 Reiterated Rating Goldman Sachs Group Inc. Buy $50.00
2016-05-18 Reiterated Rating Deutsche Bank Buy
2016-05-12 Initiated Coverage Goldman Sachs Buy $50.00
2016-05-12 Reiterated Rating Wells Fargo Buy
2016-05-12 Reiterated Rating Robert W. Baird Buy
2016-05-12 Reiterated Rating Wells Fargo & Co. Buy
2016-05-11 Boost Price Target RBC Capital Outperform $41.00 to $43.00
2016-05-11 Boost Price Target Royal Bank Of Canada Outperform $41.00 to $43.00
2016-02-19 Initiated Coverage RBC Capital Outperform $38.00
2016-02-16 Lower Price Target Citigroup Inc. Buy $40.00 to $37.00
2016-02-13 Reiterated Rating Deutsche Bank Buy
2016-02-01 Reiterated Rating Credit Suisse Outperform $39.00
2016-02-01 Reiterated Rating Credit Suisse Group AG Outperform $39.00
2015-12-03 Reiterated Rating Robert W. Baird Outperform $36.00 to $40.00
2015-12-03 Reiterated Rating Barclays Outperform $39.00 to $42.00
2015-11-16 Boost Price Target Macquarie Outperform $42.00 to $43.00
2015-11-16 Reiterated Rating Deutsche Bank Buy $38.00 to $42.00
2015-11-10 Initiated Coverage Macquarie Outperform $42.00
2015-10-15 Boost Price Target Citigroup Inc. $35.00 to $41.00
2015-10-07 Upgrade Wells Fargo Buy
2015-09-02 Initiated Coverage Citigroup Inc. Buy $35.00
2015-08-19 Reiterated Rating Deutsche Bank Buy $38.00
2015-08-04 Lower Price Target Bank of America Buy $41.00 to $39.00
2015-08-04 Reiterated Rating Deutsche Bank Buy $38.00
2015-08-04 Lower Price Target Bank of America Corp. Buy $41.00 to $39.00
2015-08-03 Downgrade Goldman Sachs Conviction-Buy to Neutral $42.00 to $35.00
2015-07-18 Boost Price Target Credit Suisse $39.00 to $42.00
2015-07-02 Reiterated Rating Barclays Overweight $43.00
2015-05-04 Downgrade BMO Capital Markets Outperform to Market Perform $37.00
2015-04-15 Boost Price Target Citigroup Inc. Buy $39.00 to $42.00
2015-03-17 Boost Price Target Barclays Overweight $42.00 to $43.00
2015-02-02 Lower Price Target Barclays Overweight $42.00 to $39.00
2015-01-20 Boost Price Target Barclays Overweight $33.00 to $39.00
2015-01-15 Boost Price Target Citigroup Inc. Buy $36.00 to $39.00
2015-01-13 Set Price Target Goldman Sachs Buy $35.00
2014-12-19 Boost Price Target Citigroup Inc. Buy $30.00 to $36.00
2014-12-09 Lower Price Target Bank of America Buy $33.00 to $31.00
2014-12-08 Boost Price Target Goldman Sachs $35.00
2014-11-24 Boost Price Target Bank of America Buy $29.00 to $31.00
2014-11-24 Boost Price Target Barclays Overweight $30.00 to $33.00
2014-11-24 Boost Price Target Credit Suisse Outperform $30.00 to $33.00
2014-11-24 Upgrade BMO Capital Markets Market Perform to Outperform $26.00 to $31.00
2014-10-13 Upgrade Barclays Equal Weight to Overweight $25.00 to $30.00
2014-10-13 Reiterated Rating Macquarie Outperform $32.00 to $30.00
2014-09-24 Upgrade Goldman Sachs Buy to Conviction-Buy
2014-09-03 Initiated Coverage BMO Capital Markets Market Perform $26.00
2014-08-04 Boost Price Target Bank of America $29.00
2014-05-22 Reiterated Rating Macquarie Outperform $28.00 to $30.00
2014-04-09 Initiated Coverage Credit Suisse Outperform $30.00
2013-09-18 Reiterated Rating Goldman Sachs Sell
2013-09-17 Reiterated Rating Robert W. Baird Outperform
2013-05-10 Reiterated Barclays Equal Weight $17 to $18
2012-11-13 Initiated Robert W. Baird Outperform $20
2012-11-13 Initiated Deutsche Bank Buy $17
2012-11-13 Initiated Barclays Equal Weight $16
2016-07-12 Initiated Coverage SunTrust Banks Inc. Neutral $42.00
2016-06-15 Reiterated Rating Deutsche Bank Buy
2016-06-15 Initiated Coverage Barclays Overweight $45.00
2016-06-15 Reiterated Rating Deutsche Bank AG Buy
2016-06-15 Initiated Coverage Barclays PLC Overweight $45.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Becker Randall J Chief Operating Officer 268796.58%  (314492) BERY /
Kratochvil Jim M. Chief Financial Officer 209339.32%  (244927) BERY /
RICH JONATHAN D Chief Executive Officer 171239.32%  (200350) BERY /
Unfried Adam See Remarks 77148.72%  (90264) BERY /
Miles Mark W EVP & Controller 45227.35%  (52916) BERY /
Norman William J President 40215.38%  (47052) BERY /
HARRIS JOSHUA 36968.38%  (43253) APO / BERY /
SEMINARA ROBERT V 36968.38%  (43253) BERY /
Civale Anthony 36968.38%  (43253) BERY /
Bayh Evan 34188.03%  (40000) BERY / FITB / MPC / RLJ /
Thompson Jeffrey D. EVP & Chief Legal Officer 27018.80%  (31612) BERY /
Salmon Tom See Remarks 21709.40%  (25400) BERY /
Goldstein Larry See Remarks 18029.06%  (21094) BERY /
Kesner Idalene Fay 11965.81%  (14000) BERY /
Greene Jason K. EVP - General Counsel 8760.68%  (10250) BERY /
Till James EVP - Controller 8346.15%  (9765) BERY /
Begle Curt See Remarks 4574.36%  (5352) BERY /
SNEED PAULA A 897.44%  (1050) ARG / BERY / SCHW / TEL /
RICKERTSEN CARL J 325.64%  (381) BERY / CNVR / MSTR / NOR /

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