Peter T. Thomas Buys 2,000 Shares of Berry Global Group, Inc. (NYSE:BERY) Stock

Berry Global Group, Inc. (NYSE:BERYGet Free Report) Director Peter T. Thomas acquired 2,000 shares of Berry Global Group stock in a transaction dated Thursday, February 8th. The stock was purchased at an average cost of $56.00 per share, with a total value of $112,000.00. Following the completion of the purchase, the director now owns 2,000 shares of the company’s stock, valued at $112,000. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Berry Global Group Stock Up 4.9 %

Shares of NYSE:BERY traded up $2.73 during trading hours on Friday, hitting $58.64. The company’s stock had a trading volume of 1,757,750 shares, compared to its average volume of 1,071,036. Berry Global Group, Inc. has a 52 week low of $53.83 and a 52 week high of $69.93. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.36 and a quick ratio of 1.10. The company has a market capitalization of $6.80 billion, a price-to-earnings ratio of 12.20, a P/E/G ratio of 0.75 and a beta of 1.29. The firm’s fifty day moving average price is $66.21 and its 200 day moving average price is $63.09.

Berry Global Group (NYSE:BERYGet Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.07). Berry Global Group had a net margin of 4.51% and a return on equity of 26.79%. The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the previous year, the company posted $1.30 EPS. The company’s revenue for the quarter was down 6.8% compared to the same quarter last year. As a group, research analysts expect that Berry Global Group, Inc. will post 7.59 EPS for the current year.

Berry Global Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Thursday, February 29th. Berry Global Group’s dividend payout ratio (DPR) is presently 23.66%.

Institutional Trading of Berry Global Group

A number of hedge funds have recently added to or reduced their stakes in BERY. Raymond James Financial Services Advisors Inc. boosted its holdings in Berry Global Group by 335.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 12,736 shares of the industrial products company’s stock worth $738,000 after buying an additional 9,812 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in Berry Global Group by 71.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,152 shares of the industrial products company’s stock valued at $646,000 after purchasing an additional 4,640 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Berry Global Group in the first quarter valued at about $329,000. MetLife Investment Management LLC acquired a new stake in shares of Berry Global Group in the first quarter valued at about $156,000. Finally, Great West Life Assurance Co. Can increased its position in Berry Global Group by 4.0% during the first quarter. Great West Life Assurance Co. Can now owns 8,248 shares of the industrial products company’s stock worth $509,000 after purchasing an additional 314 shares during the last quarter. 98.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BERY has been the subject of a number of analyst reports. UBS Group increased their price objective on shares of Berry Global Group from $76.00 to $89.00 and gave the stock a “buy” rating in a research note on Tuesday, January 16th. StockNews.com cut shares of Berry Global Group from a “buy” rating to a “hold” rating in a research note on Thursday. Truist Financial raised their target price on shares of Berry Global Group from $74.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, January 4th. Royal Bank of Canada reduced their price target on shares of Berry Global Group from $78.00 to $74.00 and set an “outperform” rating on the stock in a report on Tuesday, November 21st. Finally, Wells Fargo & Company lifted their price target on shares of Berry Global Group from $72.00 to $77.00 and gave the company an “overweight” rating in a report on Monday, December 18th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $77.13.

View Our Latest Analysis on BERY

About Berry Global Group

(Get Free Report)

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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Insider Buying and Selling by Quarter for Berry Global Group (NYSE:BERY)

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