Shares Move Toward Our Increased $48 Fair Value Estimate as Sealed Air Makes Solid Progress in 2018
Sealed Air still has much progress to make on its restructuring following the sale of Diversey, as the fourth quarter closed out a year that remained in line with our expectations. Management expects to incur about $115 million in restructuring costs during 2019. Restructuring will both remove stranded costs as it adjusts to a smaller post-divestiture business, and reduce headcount and SG&A costs in redundant business functions between the remaining segments. As these actions unfold, we expe...Sealed Air is a global provider of packaging solutions for the food, e-Commerce, electronics and industrial markets. The company serves an array of end markets including food and beverage processing, food service, retail, commercial and consumer applications, by providing food safety and security, product protection and equipment. The company's segments include: Food Care, which serves perishable food processors, predominantly in chilled, smoked and processed meat, poultry and dairy-solid markets worldwide, and maintains positions in target applications; and Product Care, in which its solutions are designed to protect goods in shipping.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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