Berry Global Group, Inc. (NYSE:BERY) Given Average Rating of “Hold” by Analysts

Shares of Berry Global Group, Inc. (NYSE:BERY) have been given an average rating of “Hold” by the eight brokerages that are covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $75.75.

A number of research analysts have issued reports on the company. Truist Financial upped their price objective on Berry Global Group from $74.00 to $76.00 and gave the company a “hold” rating in a research note on Monday, February 10th. StockNews.com initiated coverage on shares of Berry Global Group in a research report on Friday. They set a “buy” rating for the company. Finally, UBS Group lifted their price objective on shares of Berry Global Group from $72.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th.

Berry Global Group Stock Up 1.2 %

BERY opened at $67.60 on Friday. Berry Global Group has a fifty-two week low of $55.68 and a fifty-two week high of $74.24. The firm has a market capitalization of $7.83 billion, a P/E ratio of 16.86, a PEG ratio of 1.54 and a beta of 1.14. The company’s 50-day moving average is $69.42 and its 200 day moving average is $68.53. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.61 and a quick ratio of 1.09.

Berry Global Group (NYSE:BERY) last posted its earnings results on Tuesday, February 4th. The industrial products company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.00 by $0.09. The firm had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.35 billion. Berry Global Group had a net margin of 3.99% and a return on equity of 28.26%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.22 EPS. Research analysts expect that Berry Global Group will post 6.25 earnings per share for the current fiscal year.

Berry Global Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.83%. The ex-dividend date was Monday, March 3rd. Berry Global Group’s dividend payout ratio (DPR) is presently 30.92%.

Institutional Investors Weigh In On Berry Global Group

A number of institutional investors and hedge funds have recently modified their holdings of BERY. UMB Bank n.a. increased its holdings in Berry Global Group by 89.0% during the 4th quarter. UMB Bank n.a. now owns 650 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 306 shares during the period. Quadrant Capital Group LLC increased its holdings in shares of Berry Global Group by 28.8% in the fourth quarter. Quadrant Capital Group LLC now owns 738 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 165 shares during the period. Steward Partners Investment Advisory LLC raised its position in shares of Berry Global Group by 3,569.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 844 shares of the industrial products company’s stock worth $55,000 after buying an additional 821 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in Berry Global Group by 463.5% during the fourth quarter. Venturi Wealth Management LLC now owns 1,065 shares of the industrial products company’s stock valued at $69,000 after buying an additional 876 shares during the period. Finally, Atlas Capital Advisors Inc. grew its position in Berry Global Group by 7,390.9% during the fourth quarter. Atlas Capital Advisors Inc. now owns 1,648 shares of the industrial products company’s stock worth $107,000 after buying an additional 1,626 shares in the last quarter. 95.36% of the stock is owned by hedge funds and other institutional investors.

Berry Global Group Company Profile

Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products in consumer and industrial end markets in the United States, Canada, Europe, and internationally. The company operates through Consumer Packaging International; Consumer Packaging North America; Engineered Materials; and Health, Hygiene & Specialties segments.