Berry Global Group (BERY) Stock Price, News & Analysis

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Berry Global Group in the last year. There are currently 6 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BERY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BERY, but not buy additional shares or sell existing shares.
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10 equities research analysts have issued 12-month price targets for Berry Global Group's shares. Their BERY share price targets range from $62.00 to $89.00. On average, they anticipate the company's share price to reach $72.00 in the next year. This suggests a possible upside of 28.0% from the stock's current price.
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Berry Global Group's stock was trading at $67.39 at the beginning of the year. Since then, BERY stock has decreased by 16.5% and is now trading at $56.25.
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Berry Global Group saw a increase in short interest in March. As of March 31st, there was short interest totaling 4,180,000 shares, an increase of 21.9% from the March 15th total of 3,430,000 shares. Based on an average daily volume of 1,210,000 shares, the days-to-cover ratio is currently 3.5 days. Currently, 3.6% of the company's shares are short sold.
View Berry Global Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
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Berry Global Group will be holding an earnings conference call on Thursday, May 9th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Berry Global Group, Inc. (NYSE:BERY) released its earnings results on Wednesday, February, 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by $0.07. The industrial products company earned $2.85 billion during the quarter, compared to the consensus estimate of $2.99 billion. Berry Global Group had a trailing twelve-month return on equity of 26.79% and a net margin of 4.51%. Berry Global Group's revenue for the quarter was down 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.30 EPS.

Berry Global Group announced a quarterly dividend on Thursday, February 1st. Investors of record on Friday, March 1st will be given a dividend of $0.275 per share on Friday, March 15th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Thursday, February 29th.
Read our dividend analysis for BERY.

Berry Global Group (NYSE:BERY) pays an annual dividend of $1.10 per share and currently has a dividend yield of 1.97%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 23.66%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BERY will have a dividend payout ratio of 13.30% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BERY.

ETFs with the largest weight of Berry Global Group (NYSE:BERY) stock in their portfolio include Thrivent Small-Mid Cap ESG ETF (TSME), AdvisorShares Insiders Advantage ETF (SURE), Cambria Shareholder Yield ETF (SYLD), First Trust Industrials/Producer Durables AlphaDEX Fund (FXR), SEI Enhanced U.S. Large Cap Value Factor ETF (SEIV), Fidelity MSCI Materials Index ETF (FMAT), John Hancock Multifactor Small Cap ETF (JHSC) and Invesco S&P MidCap 400 Revenue ETF (RWK).

Berry Global Group issued an update on its FY 2024 earnings guidance on Wednesday, February, 7th. The company provided earnings per share guidance of 7.350-7.850 for the period, compared to the consensus EPS estimate of 7.530. The company issued revenue guidance of -.

107 employees have rated Berry Global Group Chief Executive Officer Tom Salmon on Glassdoor.com. Tom Salmon has an approval rating of 74% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Berry Global Group investors own include NVIDIA (NVDA), Walt Disney (DIS), QUALCOMM (QCOM), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Home Depot (HD), Procter & Gamble (PG), Bristol-Myers Squibb (BMY), CVS Health (CVS) and Alibaba Group (BABA).

Berry Global Group's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.18%), Thompson Investment Management Inc. (0.09%), tru Independence LLC (0.06%), Curated Wealth Partners LLC (0.00%), Sound Income Strategies LLC (0.05%) and Alaska Permanent Fund Corp (0.04%). Insiders that own company stock include Carl J Rickertsen, Carl J Rickertsen, Curt Begle, Evan Bayh, James Till, Jason K Greene, Jonathan F Foster, Mark W Miles, Michael Edward Hill, Peter T Thomas, Tom Salmon, William J Norman and William J Norman.
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Shares of BERY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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