BNY Mellon Cuts Shareholding in Pactiv Evergreen
December 18, 2023
🌧️Trending News
It is a global leader in foodservice and food packaging solutions with products like disposable tableware, containers, cups and lids, containers for food storage and transportation, and more. The company offers its services to both commercial and retail customers all over the world. The company also performs extremely well in terms of sustainability, with its packaging solutions being recyclable, compostable, or made from renewable sources. The company is also committed to minimizing its environmental impact through initiatives such as waste reduction and energy conservation.
The decision to reduce BNY Mellon’s shareholding in Pactiv Evergreen ($NASDAQ:PTVE) may be a sign that the company is no longer as attractive an investment for larger firms. Nonetheless, the fact that the company has seen consistent growth since its formation suggests that it still has a bright future ahead.
Market Price
On Tuesday, shares of PACTIV EVERGREEN dropped 0.9% to close at $11.2 from their previous closing price of $11.3. The decrease in BNY Mellon’s shareholdings is likely to have a negative effect on the stock performance of PACTIV EVERGREEN as the market takes a dim view of such divestment by large institutional investors. It remains to be seen how this move will impact the long-term outlook of the company. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Pactiv Evergreen. More…
| Total Revenues | Net Income | Net Margin |
| 5.71k | -218 | -1.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Pactiv Evergreen. More…
| Operations | Investing | Financing |
| 626 | -261 | -701 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Pactiv Evergreen. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.45k | 5.14k | 7.28 |
Key Ratios Snapshot
Some of the financial key ratios for Pactiv Evergreen are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -15.1% | -41.3% | 0.5% |
| FCF Margin | ROE | ROA |
| 6.3% | 1.4% | 0.3% |
Analysis
At GoodWhale, we recently conducted an analysis of PACTIV EVERGREEN‘s financials. Our Star Chart revealed that PACTIV EVERGREEN is strong in dividend, medium in profitability and weak in asset and growth. In terms of cashflows and debt, PACTIV EVERGREEN achieved an intermediate health score of 6/10, suggesting that it is likely to pay off its debt and fund future operations. We classify PACTIV EVERGREEN as a ‘cow’, a type of company that has a history of paying out consistent and sustainable dividends. As such, we believe that the company may be appealing to investors looking for a safe and reliable return on their investments. More…
Peers
Pactiv Evergreen Inc is one of the leading companies in the packaging industry. It has a strong presence in North America and Europe. The company’s main competitors are FP Corp, Vidrala SA, and Chuo Kagaku Co Ltd.
– FP Corp ($TSE:7947)
General Electric Co is an American multinational conglomerate corporation incorporated in New York and headquartered in Boston. As of 2018, the company operates through the following segments: Power, Renewable Energy, Aviation, Healthcare, Transportation, and Capital. In 2018, GE ranked among the Fortune 500 as the 18th-largest firm in the U.S. by gross revenue. As of 2018, the company has 130,000 employees worldwide.
General Electric’s market cap is 300.33B as of 2022 and its ROE is 7.32%. The company is a Conglomerate that consists of many different businesses including Aviation, Healthcare, Transportation, and Capital.
– Vidrala SA ($OTCPK:VDRFF)
Vidrala SA is a Spanish glass packaging company. The company has a market cap of 1.93B as of 2022 and a return on equity of 8.95%. Vidrala SA produces a variety of glass packaging products for food and beverage companies. The company has a strong presence in Europe and South America.
– Chuo Kagaku Co Ltd ($TSE:7895)
Chuo Kagaku Co Ltd is a Japanese company that manufactures and sells a variety of chemicals and products. The company has a market cap of 6.37B as of 2022 and a return on equity of 2.95%. Chuo Kagaku is a leading manufacturer of chemicals and products used in a variety of industries, including the automotive, electronics, and construction industries. The company’s products are used in a variety of applications, including as adhesives, coatings, and sealants.
Summary
Investors in Pactiv Evergreen Inc. should take note that the Bank of New York Mellon Corp recently reduced their stock position in the company. With this news in mind, investors should consider how this change may affect the company’s performance and future outlook. Additionally, investors should review the latest financial statements, research market trends and carefully analyze other factors to best assess the potential success of investing in Pactiv Evergreen Inc. before making any investments.
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