NYSE:BERY Berry Global Group (BERY) Stock Forecast, Price & News $59.94 +2.12 (+3.67%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$58.60▼$60.0750-Day Range$54.05▼$59.9952-Week Range$44.52▼$66.21Volume618,698 shsAverage Volume788,544 shsMarket Capitalization$7.14 billionP/E Ratio10.52Dividend Yield1.67%Price Target$72.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Berry Global Group MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside20.1% Upside$72.00 Price TargetShort InterestHealthy1.19% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-3.74Upright™ Environmental ScoreNews Sentiment0.84Based on 5 Articles This WeekInsider TradingSelling Shares$2.32 M Sold Last QuarterProj. Earnings Growth9.43%From $7.42 to $8.12 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.81 out of 5 starsIndustrial Products Sector10th out of 176 stocksPlastics Products, Not Elsewhere Classified Industry2nd out of 10 stocks 2.3 Analyst's Opinion Consensus RatingBerry Global Group has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 6 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $72.00, Berry Global Group has a forecasted upside of 20.1% from its current price of $59.94.Amount of Analyst CoverageBerry Global Group has only been the subject of 1 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted1.19% of the float of Berry Global Group has been sold short.Short Interest Ratio / Days to CoverBerry Global Group has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Berry Global Group has recently decreased by 2.07%, indicating that investor sentiment is improving. Previous Next 2.5 Dividend Strength Dividend YieldBerry Global Group pays a meaningful dividend of 1.67%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthBerry Global Group does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Berry Global Group is 17.54%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Berry Global Group will have a dividend payout ratio of 12.32% next year. This indicates that Berry Global Group will be able to sustain or increase its dividend. Previous Next 0.8 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreBerry Global Group has received a -58.73% net impact score from Upright. The largest negative impact of Berry Global in category "GHG emissions" seems to be driven mostly by its "Adhesive sealants", "Plastic consumer electronics packages", "Plastic lids", "Plastic garments packages", "Plastic tubes", and "Plastic cosmetics packages" products. See details.Environmental SustainabilityThe Environmental Impact score for Berry Global Group is -3.74. Previous Next 3.8 News and Social Media Coverage News SentimentBerry Global Group has a news sentiment score of 0.84. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.64 average news sentiment score of Industrial Products companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Berry Global Group this week, compared to 4 articles on an average week.Search Interest9 people have searched for BERY on MarketBeat in the last 30 days. This is an increase of 350% compared to the previous 30 days.MarketBeat Follows5 people have added Berry Global Group to their MarketBeat watchlist in the last 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Berry Global Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,324,706.00 in company stock.Percentage Held by InsidersOnly 3.30% of the stock of Berry Global Group is held by insiders.Percentage Held by Institutions94.02% of the stock of Berry Global Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for Berry Global Group are expected to grow by 9.43% in the coming year, from $7.42 to $8.12 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Berry Global Group is 10.52, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.20.Price to Earnings Ratio vs. SectorThe P/E ratio of Berry Global Group is 10.52, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 15.90.Price to Earnings Growth RatioBerry Global Group has a PEG Ratio of 0.81. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioBerry Global Group has a P/B Ratio of 2.17. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Berry Global Group (NYSE:BERY) StockBerry Global Group, Inc. engages in the provision of innovative rigid, flexible, and non-woven products. It operates through the following segments: Consumer Packaging International, Consumer Packaging North America, Engineered Materials, and Health, Hygiene and Specialties. The Consumer Packaging International segment consists of rigid products that primarily service non-North American markets. The Consumer Packaging North America segment includes rigid products that primarily service North American markets. The Engineered Materials segment manufactures flexible products that service primarily North American and European markets. The Health, Hygiene and Specialties segment refers to non-woven and related products that service global markets. The company was founded in 1967 and is headquartered in Evansville, IN.Read More Receive BERY Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Berry Global Group and its competitors with MarketBeat's FREE daily newsletter. Email Address BERY Stock News HeadlinesMay 18, 2023 | marketbeat.comBerry Global, The Backbone Of Consumer Packaging You Should Own (BERY)Berry Global Partners has reported double-digit growth across the board in its second quarter 2023 earnings. The stock could see a rally upon the 2023 outlookMay 31, 2023 | finance.yahoo.comBERY - Berry Global Group, Inc.June 4, 2023 | Behind the Markets (Ad)66,000% upside on tiny biotech?The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.May 29, 2023 | americanbankingnews.comBerry Global Group, Inc. (BERY) To Go Ex-Dividend on May 31stMay 26, 2023 | americanbankingnews.comBerry Global Group (NYSE:BERY) Lifted to "Buy" at Truist FinancialMay 24, 2023 | markets.businessinsider.comThe Latest Analyst Ratings for Berry Global GrMay 24, 2023 | msn.comTruist Securities Upgrades Berry Global Group (BERY)May 24, 2023 | msn.comBerry Global upgraded to Buy as Truist applauds management actionsJune 4, 2023 | Legacy Research (Affiliate) (Ad)“One-Stock Millionaire” IGNORES 99.9% of the MarketDuring the 2008 financial crisis, millionaire trader Jeff Clark stunned the world when he managed to double his readers’ money 26 TIMES… CNBC caught wind of this and asked Jeff to come on live TV to explain his secret.May 20, 2023 | americanbankingnews.comStockNews.com Begins Coverage on Berry Global Group (NYSE:BERY)May 17, 2023 | americanbankingnews.comBrokerages Set Berry Global Group, Inc. (NYSE:BERY) Price Target at $71.67May 11, 2023 | americanbankingnews.comBerry Global Group (NYSE:BERY) Price Target Cut to $73.00May 10, 2023 | msn.comRBC Capital Reiterates Berry Plastics Group (BERY) Outperform RecommendationMay 9, 2023 | markets.businessinsider.comAnalysts Offer Insights on Industrial Goods Companies: Timken Company (TKR), Berry Global Group (BERY) and Masonite International (DOOR)May 9, 2023 | finance.yahoo.comInvesting in Berry Global Group (NYSE:BERY) three years ago would have delivered you a 40% gainMay 9, 2023 | americanbankingnews.comBerry Global Group (NYSE:BERY) Upgraded at StockNews.comMay 9, 2023 | msn.comUnusual Call Option Trade in Berry Plastics Group (BERY) Worth $105.00KMay 6, 2023 | seekingalpha.comBerry Global Group FQ2 2023 Earnings PreviewMay 6, 2023 | seekingalpha.comBerry Global Group, Inc. (BERY) Q2 2023 Earnings Call TranscriptMay 6, 2023 | americanbankingnews.comBerry Global Group (NYSE:BERY) Shares Gap Up Following Earnings BeatMay 5, 2023 | msn.comMizuho Maintains Berry Plastics Group (BERY) Neutral RecommendationMay 5, 2023 | americanbankingnews.comBerry Global Group (NYSE:BERY) PT Raised to $65.00 at MizuhoMay 4, 2023 | finance.yahoo.comBerry Global (BERY) Tops Q2 Earnings EstimatesMay 4, 2023 | finance.yahoo.comBerry Global (BERY) Q2 Earnings: Taking a Look at Key Metrics Versus EstimatesMay 4, 2023 | finance.yahoo.comBerry Announces Second Quarter 2023 ResultsMay 4, 2023 | msn.comBerry Plastics Group (BERY) Declares $0.25 DividendMay 3, 2023 | americanbankingnews.comBerry Global Group (BERY) to Release Earnings on ThursdaySee More Headlines BERY Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart BERY Company Calendar Ex-Dividend for 3/15 Dividend2/28/2023Dividend Payable3/15/2023Last Earnings5/04/2023Ex-Dividend for 6/15 Dividend5/31/2023Today6/04/2023Dividend Payable6/15/2023Next Earnings (Estimated)8/02/2023Fiscal Year End9/30/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Plastics products, not elsewhere classified Sub-IndustryMetal & Glass Containers SectorIndustrial Products Current SymbolNYSE:BERY CUSIP08579W10 CIK1378992 Webwww.berryglobal.com Phone(812) 424-2904Fax812-424-0128Employees46,000Year FoundedN/APrice Target and Rating Average Stock Price Forecast$72.00 High Stock Price Forecast$81.00 Low Stock Price Forecast$60.00 Forecasted Upside/Downside+20.1%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)$5.70 Trailing P/E Ratio10.52 Forward P/E Ratio8.08 P/E Growth0.81Net Income$766 million Net Margins5.34% Pretax Margin6.45% Return on Equity29.37% Return on Assets5.64% Debt Debt-to-Equity Ratio2.82 Current Ratio1.95 Quick Ratio1.15 Sales & Book Value Annual Sales$14.50 billion Price / Sales0.49 Cash Flow$13.32 per share Price / Cash Flow4.50 Book Value$27.64 per share Price / Book2.17Miscellaneous Outstanding Shares119,200,000Free Float115,266,000Market Cap$7.14 billion OptionableOptionable Beta1.18 Key ExecutivesThomas Edward SalmonChairman & Chief Executive OfficerRodgers GreenawaltExecutive Vice President-OperationsMark William MilesChief Financial Officer & TreasurerDebbie GarrisonChief Information Officer & Executive VPTarun ManroaChief Strategy Officer & Executive Vice PresidentKey CompetitorsAptarGroupNYSE:ATRMiddlebyNASDAQ:MIDDTetra TechNASDAQ:TTEKGraphic PackagingNYSE:GPKSiteOne Landscape SupplyNYSE:SITEView All CompetitorsInsiders & InstitutionsPrelude Capital Management LLCBought 331 shares on 6/1/2023Ownership: 0.004%Alterna Wealth Management Inc.Bought 3,518 shares on 5/26/2023Ownership: 0.003%Brandywine Global Investment Management LLCBought 28,740 shares on 5/25/2023Ownership: 0.092%Toroso Investments LLCBought 4,349 shares on 5/23/2023Ownership: 0.007%American TrustSold 689 shares on 5/22/2023Ownership: 0.003%View All Insider TransactionsView All Institutional Transactions BERY Stock - Frequently Asked Questions Should I buy or sell Berry Global Group stock right now? 9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Berry Global Group in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" BERY shares. View BERY analyst ratings or view top-rated stocks. What is Berry Global Group's stock price forecast for 2023? 9 brokerages have issued 1-year price targets for Berry Global Group's shares. Their BERY share price forecasts range from $60.00 to $81.00. On average, they anticipate the company's stock price to reach $72.00 in the next twelve months. This suggests a possible upside of 20.1% from the stock's current price. View analysts price targets for BERY or view top-rated stocks among Wall Street analysts. How have BERY shares performed in 2023? Berry Global Group's stock was trading at $60.43 on January 1st, 2023. Since then, BERY shares have decreased by 0.8% and is now trading at $59.94. View the best growth stocks for 2023 here. Are investors shorting Berry Global Group? Berry Global Group saw a decline in short interest in the month of April. As of April 30th, there was short interest totaling 1,450,000 shares, a decline of 12.1% from the April 15th total of 1,650,000 shares. Based on an average daily volume of 805,400 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.2% of the shares of the stock are sold short. View Berry Global Group's Short Interest. When is Berry Global Group's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023. View our BERY earnings forecast. How were Berry Global Group's earnings last quarter? Berry Global Group, Inc. (NYSE:BERY) announced its quarterly earnings results on Thursday, May, 4th. The industrial products company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.85 by $0.11. The industrial products company earned $3.29 billion during the quarter, compared to the consensus estimate of $3.47 billion. Berry Global Group had a trailing twelve-month return on equity of 29.37% and a net margin of 5.34%. The business's quarterly revenue was down 12.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.93 earnings per share. How often does Berry Global Group pay dividends? What is the dividend yield for Berry Global Group? Berry Global Group declared a quarterly dividend on Tuesday, May 2nd. Shareholders of record on Thursday, June 1st will be paid a dividend of $0.25 per share on Thursday, June 15th. This represents a $1.00 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Wednesday, May 31st. Read our dividend analysis for BERY. What ETFs hold Berry Global Group's stock? 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), Burney U.S. Factor Rotation ETF (BRNY), LeaderShares AlphaFactor US Core Equity ETF (LSAF), First Trust Industrials/Producer Durables AlphaDEX Fund (FXR), WisdomTree U.S. Quality Shareholder Yield Fund (QSY), SEI Enhanced U.S. Large Cap Value Factor ETF (SEIV) and Vanguard Materials ETF (VAW). Is Berry Global Group a good dividend stock? Berry Global Group (NYSE:BERY) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.67%. The dividend payout ratio is 17.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BERY will have a dividend payout ratio of 12.32% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for BERY. What guidance has Berry Global Group issued on next quarter's earnings? Berry Global Group issued an update on its FY 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share guidance of $7.30-$7.80 for the period, compared to the consensus EPS estimate of $7.46. The company issued revenue guidance of -. What is Tom Salmon's approval rating as Berry Global Group's CEO? 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. What other stocks do shareholders of Berry Global Group own? 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). What is Berry Global Group's stock symbol? Berry Global Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "BERY." Who are Berry Global Group's major shareholders? Berry Global Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include Turtle Creek Asset Management Inc. (4.80%), BlackRock Inc. (4.54%), LSV Asset Management (3.60%), Macquarie Group Ltd. (1.82%), Dimensional Fund Advisors LP (1.76%) and State Street Corp (1.69%). Insiders that own company stock include Carl J Rickertsen, Curt Begle, Jason K Greene, Mark W Miles, Michael Edward Hill, Tom Salmon and William J Norman. View institutional ownership trends. How do I buy shares of Berry Global Group? 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. Compare Top Brokerages Here. What is Berry Global Group's stock price today? One share of BERY stock can currently be purchased for approximately $59.94. How much money does Berry Global Group make? Berry Global Group (NYSE:BERY) has a market capitalization of $7.14 billion and generates $14.50 billion in revenue each year. The industrial products company earns $766 million in net income (profit) each year or $5.70 on an earnings per share basis. How many employees does Berry Global Group have? The company employs 46,000 workers across the globe. How can I contact Berry Global Group? 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. This page (NYSE:BERY) was last updated on 6/4/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Berry Global Group, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. 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