Berry Global Group Inc (NYSE: BERY) is 11.53% higher on its value in year-to-date trading and has touched a low of $49.63 and a high of $72.50 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 $66.16 in the last trading session, with the day’s gains setting it 2.84%.
Currently trading at $69.00, the stock is 4.72% and 8.25% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.98 million and changing 4.29% at the moment leaves the stock 19.44% off its SMA200. BERY registered 16.31% gain for a year compared to 6-month gain of 24.71%. The firm has a 50-day simple moving average (SMA 50) of $63.57949 and a 200-day simple moving average (SMA200) of $57.73312.
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The stock witnessed a 9.02% loss in the last 1 month and extending the period to 3 months gives it a 13.85%, and is 2.99% 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 3.47% over the week and 2.36% over the month.
Berry Global Group Inc (BERY) has around 44000 employees, a market worth around $7.94B and $12.26B in sales. Current P/E ratio is 15.70 and Fwd P/E is 8.97. Profit margin for the company is 4.21%. Distance from 52-week low is 39.03% and -4.83% from its 52-week high. The company has generated returns on investments over the last 12 months (4.33%).
The EPS is expected to shrink by -3.42% this year
535.0 institutions hold shares in Berry Global Group Inc (BERY), with institutional investors hold 101.41% of the company’s shares. The shares outstanding are 115.50M, and float is at 114.61M with Short Float at 4.14%. Institutions hold 101.18% 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
Berry Global Group Inc disclosed in a document filed with the SEC on Oct 15 ’24 that Bayh Evan (Director) sold a total of 14,000 shares of the company’s common stock. The trade occurred on Oct 15 ’24 and was made at $70.13 per share for $0.98 million. Following the transaction, the insider now directly holds 30228.0 shares of the BERY stock.
Still, SEC filings show that on Oct 15 ’24, Bayh Evan (Director) Proposed Sale 14,000 shares at an average price of $70.13 for $0.98 million. The insider now directly holds shares of Berry Global Group Inc (BERY).
