Berry Global Group Inc (NYSE: BERY) is -12.45% lower on its value in year-to-date trading and has touched a low of $53.83 and a high of $69.93 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BERY stock was last observed hovering at around $59.27 in the last trading session, with the day’s loss setting it -0.27%.
Currently trading at $59.00, the stock is -1.24% and -2.68% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.17 million and changing -0.46% at the moment leaves the stock -5.59% off its SMA200. BERY registered 0.84% gain for a year compared to 6-month gain of 0.02%. The firm has a 50-day simple moving average (SMA 50) of $1.25 and a 200-day simple moving average (SMA200) of $8.58.
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The stock witnessed a -0.03% loss in the last 1 month and extending the period to 3 months gives it a -9.63%, and is -2.45% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.92% over the week and 1.88% over the month.
Berry Global Group Inc (BERY) has around 44000 employees, a market worth around $6.84B and $12.46B in sales. Current P/E ratio is 12.70 and Fwd P/E is 7.08. Profit margin for the company is 4.51%. Distance from 52-week low is 9.60% and -15.64% from its 52-week high. The company has generated returns on investments over the last 12 months (4.47%).
Berry Global Group Inc quarterly earnings per share for the current quarter are estimated at $1.93 with sales reaching $3.15B over the same period.The EPS is expected to grow by 1.25% this year, but quarterly earnings will post -1.50% year-over-year.
561 institutions hold shares in Berry Global Group Inc (BERY), with institutional investors hold 97.55% of the company’s shares. The shares outstanding are 115.90M, and float is at 115.53M with Short Float at 2.97%. Institutions hold 97.25% of the Float.
The top institutional shareholder in the company is Edgepoint Investment Group Inc. with over 12.77 million shares valued at $821.79 million. The investor’s holdings represent 10.82% of the BERY Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 11.84 million shares valued at $761.86 million to account for 10.03% of the shares outstanding. The other top investors are Blackrock Inc. which holds 10.38 million shares representing 8.79% and valued at over $668.15 million, while Turtle Creek Asset Management Inc. holds 4.12% of the shares totaling 4.87 million with a market value of $313.19 million.
Berry Global Group Inc (BERY) Insider Activity
The most recent transaction is an insider sale by Steele Robert Allan, the company’s Director. SEC filings show that Steele Robert Allan sold 14,000 shares of the company’s common stock on Feb 24 ’24 at a price of $58.93 per share for a total of $0.83 million. Following the sale, the insider now owns 4728.0 shares.
Berry Global Group Inc disclosed in a document filed with the SEC on Feb 12 ’24 that FOSTER JONATHAN F (Director) bought a total of 1,000 shares of the company’s common stock. The trade occurred on Feb 12 ’24 and was made at $58.49 per share for $58490.0. Following the transaction, the insider now directly holds 5728.0 shares of the BERY stock.
Still, SEC filings show that on Feb 09 ’24, Kwilinski Kevin J. (Chief Executive Officer) acquired 2,000 shares at an average price of $57.44 for $0.11 million. The insider now directly holds 2,000 shares of Berry Global Group Inc (BERY).
