Berry Global Group (BERY) Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Berry Global Group in the last twelve months. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" BERY shares.
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9 equities research analysts have issued 12 month price targets for Berry Global Group's stock. Their BERY share price forecasts range from $60.00 to $87.00. On average, they anticipate the company's share price to reach $73.54 in the next twelve months. This suggests a possible upside of 18.7% from the stock's current price.
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Berry Global Group's stock was trading at $60.43 on January 1st, 2023. Since then, BERY stock has increased by 2.5% and is now trading at $61.95.
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Berry Global Group saw a increase in short interest in August. As of August 15th, there was short interest totaling 2,820,000 shares, an increase of 6.0% from the July 31st total of 2,660,000 shares. Based on an average daily trading volume, of 1,350,000 shares, the short-interest ratio is currently 2.1 days. Approximately 2.4% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 21st 2023.
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Berry Global Group, Inc. (NYSE:BERY) posted its earnings results on Wednesday, August, 9th. The industrial products company reported $1.90 earnings per share for the quarter, missing analysts' consensus estimates of $1.97 by $0.07. The industrial products company earned $3.23 billion during the quarter, compared to analyst estimates of $3.42 billion. Berry Global Group had a net margin of 5.05% and a trailing twelve-month return on equity of 27.67%. The business's revenue was down 13.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.03 EPS.

Berry Global Group announced a quarterly dividend on Wednesday, August 2nd. Investors of record on Friday, September 1st will be paid a dividend of $0.25 per share on Friday, September 15th. This represents a $1.00 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Thursday, August 31st.
Read our dividend analysis for BERY.

ETFs with the largest weight of Berry Global Group (NYSE:BERY) stock in their portfolio include Thrivent Small-Mid Cap ESG ETF (TSME), VanEck Future of Food ETF (YUMY), AdvisorShares Insiders Advantage ETF (SURE), First Trust Industrials/Producer Durables AlphaDEX Fund (FXR), WisdomTree U.S. Value Fund (WTV), WisdomTree U.S. Quality Shareholder Yield Fund (QSY), SEI Enhanced U.S. Large Cap Value Factor ETF (SEIV) and Vanguard Materials ETF (VAW).

Berry Global Group (NYSE:BERY) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.58%. The dividend payout ratio is 18.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BERY will have a dividend payout ratio of 12.53% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BERY.

Berry Global Group updated its FY 2023 earnings guidance on Thursday, August, 10th. The company provided earnings per share (EPS) guidance of $7.30-$7.30 for the period, compared to the consensus earnings per share estimate of $7.38. The company issued revenue guidance of -.

107 employees have rated Berry Global Group Chief Executive Officer Tom Salmon on Glassdoor.com. Tom Salmon has an approval rating of 74% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Berry Global Group investors own include NVIDIA (NVDA), Walt Disney (DIS), QUALCOMM (QCOM), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Home Depot (HD), Procter & Gamble (PG), Bristol-Myers Squibb (BMY), CVS Health (CVS) and Alibaba Group (BABA).

Berry Global Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "BERY."

Berry Global Group's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.71%), LSV Asset Management (3.60%), State Street Corp (2.90%), Dimensional Fund Advisors LP (1.80%), Alliancebernstein L.P. (1.66%) and Geode Capital Management LLC (1.48%). Insiders that own company stock include Carl J Rickertsen, Curt Begle, Jason K Greene, Mark W Miles, Michael Edward Hill, Tom Salmon, William J Norman and William J Norman.
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Shares of BERY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BERY stock can currently be purchased for approximately $61.95.

Berry Global Group (NYSE:BERY) has a market capitalization of $7.32 billion and generates $14.50 billion in revenue each year. The industrial products company earns $766 million in net income (profit) each year or $5.30 on an earnings per share basis.

The company employs 46,000 workers across the globe.

Berry Global Group's mailing address is 101 OAKLEY STREET PO BOX 959, EVANSVILLE IN, 47710. The official website for the company is www.berryglobal.com. The industrial products company can be reached via phone at (812) 424-2904, via email at ir@berryglobal.com, or via fax at 812-424-0128.