Berry Global Group Inc (NYSE: BERY) is -1.60% lower on its value in year-to-date trading and has touched a low of $53.92 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 $67.05 in the last trading session, with the day’s loss setting it -0.74%.
Currently trading at $66.31, the stock is -1.46% and 0.64% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.89 million and changing -1.10% at the moment leaves the stock 6.41% off its SMA200. BERY registered 7.86% gain for a year compared to 6-month gain of 11.88%. The firm has a 50-day simple moving average (SMA 50) of $65.9406 and a 200-day simple moving average (SMA200) of $62.30455.
The stock witnessed a -2.86% loss in the last 1 month and extending the period to 3 months gives it a 12.20%, and is -2.37% 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 1.74% over the week and 1.95% over the month.
Berry Global Group Inc (BERY) has around 44000 employees, a market worth around $7.60B and $12.18B in sales. Current P/E ratio is 14.16 and Fwd P/E is 8.09. Profit margin for the company is 4.55%. Distance from 52-week low is 22.98% and -5.18% from its 52-week high. The company has generated returns on investments over the last 12 months (4.41%).
The EPS is expected to grow by 2.29% this year
530.0 institutions hold shares in Berry Global Group Inc (BERY), with institutional investors hold 101.21% of the company’s shares. The shares outstanding are 115.50M, and float is at 114.19M with Short Float at 4.51%. Institutions hold 100.99% of the Float.
The top institutional shareholder in the company is EDGEPOINT INVESTMENT GROUP INC. with over 14.94 million shares valued at $879.39 million. The investor’s holdings represent 12.9264 of the BERY Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 13.6 million shares valued at $800.39 million to account for 11.7651 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 9.9 million shares representing 8.5633 and valued at over $582.57 million, while FULLER & THALER ASSET MANAGEMENT, INC. holds 4.1712 of the shares totaling 4.82 million with a market value of $283.77 million.
Berry Global Group Inc (BERY) Insider Activity
The most recent transaction is an insider purchase by Thomas Peter T, the company’s Director. SEC filings show that Thomas Peter T bought 1,000 shares of the company’s common stock on May 23 ’24 at a price of $59.50 per share for a total of $59500.0. Following the purchase, the insider now owns 4407.0 shares.
Berry Global Group Inc disclosed in a document filed with the SEC on May 14 ’24 that Miles Mark W (Chief Financial Officer) sold a total of 84,000 shares of the company’s common stock. The trade occurred on May 14 ’24 and was made at $59.98 per share for $5.04 million. Following the transaction, the insider now directly holds 0.12 million shares of the BERY stock.
Still, SEC filings show that on May 15 ’24, Miles Mark W (Chief Financial Officer) disposed off 1,118 shares at an average price of $60.29 for $67404.0. The insider now directly holds 119,384 shares of Berry Global Group Inc (BERY).
