Berry Global Group Inc (NYSE: BERY) is 8.32% higher on its value in year-to-date trading and has touched a low of $49.63 and a high of $66.52 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BERY stock was last observed hovering at around $64.79 in the last trading session, with the day’s gains setting it 2.22%.
Currently trading at $67.01, the stock is 4.76% and 7.00% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.84 million and changing 3.43% at the moment leaves the stock 16.68% off its SMA200. BERY registered 26.46% gain for a year compared to 6-month gain of 19.15%. The firm has a 50-day simple moving average (SMA 50) of $62.53804 and a 200-day simple moving average (SMA200) of $57.417385.
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The stock witnessed a 10.16% loss in the last 1 month and extending the period to 3 months gives it a 15.04%, and is 3.20% up 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 2.02% over the week and 1.92% over the month.
Berry Global Group Inc (BERY) has around 44000 employees, a market worth around $7.71B and $12.18B in sales. Current P/E ratio is 14.31 and Fwd P/E is 8.92. Profit margin for the company is 4.55%. Distance from 52-week low is 35.02% and 0.74% 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 2.24% this year
534.0 institutions hold shares in Berry Global Group Inc (BERY), with institutional investors hold 101.56% of the company’s shares. The shares outstanding are 115.50M, and float is at 114.16M with Short Float at 3.87%. Institutions hold 101.33% 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 sale by Bayh Evan, the company’s Director. SEC filings show that Bayh Evan sold 14,000 shares of the company’s common stock on Oct 15 ’24 at a price of $70.13 per share for a total of $0.98 million. Following the sale, the insider now owns 30228.0 shares.
Still, SEC filings show that on May 23 ’24, Thomas Peter T (Director) acquired 1,000 shares at an average price of $59.50 for $59500.0. The insider now directly holds 4,407 shares of Berry Global Group Inc (BERY).
