Berry Global Group, Inc. (NYSE:BERY - Get Free Report) Director Evan Bayh sold 14,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $70.13, for a total transaction of $981,820.00. Following the sale, the director now directly owns 30,228 shares of the company's stock, valued at $2,119,889.64. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
NYSE BERY traded up $0.15 during trading on Thursday, reaching $69.94. 706,407 shares of the company's stock traded hands, compared to its average volume of 993,724. Berry Global Group, Inc. has a 12-month low of $53.92 and a 12-month high of $70.86. The firm has a market cap of $8.00 billion, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 1.10 and a beta of 1.15. The company has a debt-to-equity ratio of 2.57, a current ratio of 1.82 and a quick ratio of 1.08. The company's 50 day simple moving average is $66.76 and its two-hundred day simple moving average is $62.42.
Berry Global Group (NYSE:BERY - Get Free Report) last released its quarterly earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share for the quarter, beating analysts' consensus estimates of $2.02 by $0.16. Berry Global Group had a net margin of 4.55% and a return on equity of 27.32%. The business had revenue of $3.16 billion for the quarter, compared to analysts' expectations of $3.26 billion. During the same period last year, the business earned $1.90 EPS. The company's revenue was down 2.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Berry Global Group, Inc. will post 7.6 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 1.57%. The ex-dividend date was Tuesday, September 3rd. Berry Global Group's payout ratio is 26.13%.
A number of brokerages have recently commented on BERY. StockNews.com lowered shares of Berry Global Group from a "buy" rating to a "hold" rating in a research note on Friday, October 11th. Morgan Stanley initiated coverage on shares of Berry Global Group in a research report on Wednesday, September 4th. They issued an "equal weight" rating and a $76.00 price target for the company. UBS Group reduced their price objective on shares of Berry Global Group from $89.00 to $77.00 and set a "buy" rating for the company in a research note on Wednesday, July 17th. Finally, Truist Financial increased their price objective on shares of Berry Global Group from $68.00 to $74.00 and gave the stock a "hold" rating in a research note on Tuesday. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $72.40.
Get Our Latest Stock Report on Berry Global Group
Institutional investors and hedge funds have recently bought and sold shares of the business. EdgePoint Investment Group Inc. increased its holdings in shares of Berry Global Group by 16.7% during the 1st quarter. EdgePoint Investment Group Inc. now owns 13,548,966 shares of the industrial products company's stock valued at $819,441,000 after purchasing an additional 1,934,137 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Berry Global Group by 10.2% during the first quarter. Vanguard Group Inc. now owns 12,931,050 shares of the industrial products company's stock worth $782,070,000 after buying an additional 1,200,021 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Berry Global Group by 30.3% during the second quarter. Dimensional Fund Advisors LP now owns 3,472,624 shares of the industrial products company's stock worth $204,365,000 after buying an additional 807,211 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Berry Global Group by 280.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 798,092 shares of the industrial products company's stock worth $46,968,000 after buying an additional 588,114 shares in the last quarter. Finally, Eminence Capital LP grew its holdings in shares of Berry Global Group by 22.2% during the second quarter. Eminence Capital LP now owns 2,714,539 shares of the industrial products company's stock worth $159,751,000 after buying an additional 492,793 shares in the last quarter. 95.36% of the stock is currently owned by institutional investors and hedge funds.
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.
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