Berry Global Group, Inc. (NYSE:BERY) Receives $73.40 Consensus Price Target from Analysts

Berry Global Group, Inc. (NYSE:BERY) has earned a consensus rating of “Hold” from the eleven research firms that are covering the firm, MarketBeat reports. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $73.60.

Several research analysts have recently commented on the company. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $76.00 target price (up previously from $70.00) on shares of Berry Global Group in a research report on Monday, November 25th. Barclays boosted their target price on shares of Berry Global Group from $64.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Truist Financial raised their price target on shares of Berry Global Group from $72.00 to $74.00 and gave the stock a “hold” rating in a research report on Monday. StockNews.com assumed coverage on shares of Berry Global Group in a research note on Saturday, January 4th. They set a “buy” rating on the stock. Finally, Citigroup restated a “neutral” rating and issued a $76.00 target price on shares of Berry Global Group in a research note on Monday, November 25th.

Insider Activity at Berry Global Group

In other Berry Global Group news, Director Evan Bayh sold 14,000 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $70.13, for a total transaction of $981,820.00. Following the completion of the transaction, the director now directly owns 30,228 shares of the company’s stock, valued at approximately $2,119,889.64. This trade represents a 31.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BERY. CWA Asset Management Group LLC lifted its holdings in Berry Global Group by 27.9% in the 4th quarter. CWA Asset Management Group LLC now owns 7,072 shares of the industrial products company’s stock valued at $457,000 after acquiring an additional 1,543 shares during the last quarter. Everence Capital Management Inc. acquired a new stake in Berry Global Group during the fourth quarter valued at approximately $215,000. Franklin Resources Inc. boosted its holdings in Berry Global Group by 1.2% during the third quarter. Franklin Resources Inc. now owns 313,329 shares of the industrial products company’s stock worth $21,711,000 after buying an additional 3,744 shares in the last quarter. Tidal Investments LLC grew its position in Berry Global Group by 71.0% in the third quarter. Tidal Investments LLC now owns 31,325 shares of the industrial products company’s stock worth $2,129,000 after buying an additional 13,004 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Berry Global Group in the third quarter valued at $463,000. Institutional investors own 95.36% of the company’s stock.

Berry Global Group Stock Up 0.5 %

BERY stock opened at $66.25 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.80 and a debt-to-equity ratio of 2.08. The firm has a 50 day simple moving average of $67.75 and a 200-day simple moving average of $66.16. The company has a market capitalization of $7.63 billion, a P/E ratio of 15.09, a PEG ratio of 1.38 and a beta of 1.16. Berry Global Group has a twelve month low of $54.06 and a twelve month high of $73.31.

Berry Global Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.31 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.24 annualized dividend and a yield of 1.87%. This is an increase from Berry Global Group’s previous quarterly dividend of $0.28. Berry Global Group’s dividend payout ratio is presently 28.25%.

Berry Global Group Company Profile

Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products in consumer and industrial end markets in the United States, Canada, Europe, and internationally. The company operates through Consumer Packaging International; Consumer Packaging North America; Engineered Materials; and Health, Hygiene & Specialties segments.