Berry Global Group Inc (NYSE: BERY) is -0.49% lower on its value in year-to-date trading and has touched a low of $49.63 and a high of $73.31 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 $64.59 in the last trading session, with the day’s loss setting it -0.24%.
Currently trading at $64.35, the stock is -3.20% and -4.02% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.14 million and changing -0.37% at the moment leaves the stock 7.64% off its SMA200. BERY registered 7.36% gain for a year compared to 6-month gain of 20.83%. The firm has a 50-day simple moving average (SMA 50) of $67.04743 and a 200-day simple moving average (SMA200) of $59.797623.
The stock witnessed a -9.81% loss in the last 1 month and extending the period to 3 months gives it a 5.84%, and is -1.11% 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 1.24% over the week and 1.69% over the month.
Berry Global Group Inc (BERY) has around 42000 employees, a market worth around $7.39B and $12.26B in sales. Current P/E ratio is 14.64 and Fwd P/E is 9.34. Profit margin for the company is 4.21%. Distance from 52-week low is 29.66% and -12.22% from its 52-week high. The company has generated returns on investments over the last 12 months (4.43%).
The EPS is expected to shrink by -17.04% this year.
Berry Global Group Inc (BERY) Top Institutional Holders
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 115.00M, and float is at 114.73M with Short Float at 3.10%. 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
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Still, SEC filings show that on Oct 15 ’24, Bayh Evan (Director) disposed off 14,000 shares at an average price of $70.13 for $0.98 million. The insider now directly holds 30,228 shares of Berry Global Group Inc (BERY).