Pactiv Evergreen NasdaqGS:PTVE Stock Report

Pactiv Evergreen Inc. Introduces 'Zero Waste Implementation Guide' as Resource for Foodservice Operators

Pactiv Evergreen announced the launch of its new "Zero Waste Implementation Guide" at the Green Sports Alliance Summit in Minneapolis. The Guide is a resource to help foodservice establishments improve their waste diversion rates. Recreation venues, stadiums, arenas, colleges and university foodservice programs, in particular, will benefit from this valuable resource. Achieving zero waste is a circular solution that helps ensure a sustainable future economically, environmentally and socially. By closing the loop, operators can cut greenhouse gases, manage risk, reduce litter and pollution, reinvest resources, and create value for their operation.Pactiv Evergreen's "Zero Waste Implementation Guide" was created to provide everything a foodservice operator needs to begin their journey to zero waste. The interactive Guide can be downloaded for free from PactivEvergreen.com, enabling a foodservice establishment to customize the tool and document their data and progress. Detailed tools are included to enable operators to perform a waste audit, improve waste and materials management, and implement a new bin and signage system. Engaging an operation's staff and promoting program success are essential steps in the zero waste journey, and comprehensive recommendations for these key aspects are provided.

Pactiv Evergreen Inc. Appoints Duncan J. Hawkesby as Director

Director recently bought US$51k worth of stock

On the 15th of June, Allen Hugli bought around 5k shares on-market at roughly US$9.68 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$783k more in shares than they have sold in the last 12 months.

Pactiv Evergreen Inc. Names Jonathan Baksht as Chief Financial Officer

Pactiv Evergreen announced that Jonathan Baksht joined the company as Chief Financial Officer, effective May 27, 2022. Mr. Baksht serves as a member of Pactiv Evergreen’s Executive Leadership Team reporting to its President and Chief Executive Officer, Michael King. Mr. Baksht joins Pactiv Evergreen after having most recently served as Executive Vice President and Chief Financial Officer of Valaris Limited. Mr. Baksht succeeds Michael Ragen, Chief Financial Officer, whose last day at Pactiv Evergreen was also May 27, 2022. Mr. Baksht has more than 20 years of strong and diverse financial experience across multiple industries, including six years as Chief Financial Officer for Valaris. Mr. Baksht serves as a key strategic partner to Mr. King and his executive leadership team, while overseeing every aspect of the Company’s finance function, including accounting, financial planning and analysis, investor relations, tax, treasury and internal audit. He is also responsible for the Company’s Information Technology function. Prior to assuming the role of Chief Financial Officer of Valaris in 2015, Mr. Baksht served as Vice President – Finance, where he led all FP&A activities and served as Valaris’ Principal Accounting Officer. Prior to joining Valaris in 2013, Mr. Baksht spent seven years in investment banking with Goldman Sachs and started his career as a Management Consultant with Andersen Consulting. Mr. Baksht earned a Bachelor of Science Degree with High Honors in Electrical Engineering from the University of Texas at Austin and a Masters of Business Administration from the Kellogg School of Management at Northwestern University.

Upcoming dividend of US$0.10 per share

Eligible shareholders must have bought the stock before 27 May 2022. Payment date: 15 June 2022. Payout ratio is on the higher end at 83%, however this is supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of American dividend payers (4.1%). Higher than average of industry peers (2.2%).