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

9 Wall Street 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 analysts is that investors should "buy" BERY shares.
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9 equities research analysts have issued twelve-month 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 share price to reach $72.00 in the next year. This suggests a possible upside of 24.5% from the stock's current price.
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Berry Global Group's stock was trading at $60.43 at the beginning of 2023. Since then, BERY shares have decreased by 4.3% and is now trading at $57.85.
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Berry Global Group saw a drop in short interest in April. As of April 30th, there was short interest totaling 1,450,000 shares, a drop of 12.1% from the April 15th total of 1,650,000 shares. Based on an average trading volume of 805,400 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.2% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our BERY earnings forecast.

Berry Global Group, Inc. (NYSE:BERY) issued its quarterly earnings data on Thursday, May, 4th. The industrial products company reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates of $1.85 by $0.11. The industrial products company earned $3.29 billion during the quarter, compared to analysts' expectations of $3.47 billion. Berry Global Group had a net margin of 5.34% and a trailing twelve-month return on equity of 29.37%. The company's revenue for the quarter was down 12.9% on a year-over-year basis. During the same quarter last year, the business earned $1.93 earnings per share.

Berry Global Group declared a quarterly dividend on Tuesday, May 2nd. Shareholders of record on Thursday, June 1st will be given a dividend of $0.25 per share on Thursday, June 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Wednesday, May 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), 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).

Berry Global Group (NYSE:BERY) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.72%. 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.

Berry Global Group updated 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 estimate of $7.46. 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 investors 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.
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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 $57.85.

Berry Global Group (NYSE:BERY) has a market capitalization of $6.90 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.

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.