Berry Global Group, Inc. (NYSE:BERY) Director Evan Bayh Sells 14,000 Shares

Berry Global Group, Inc. (NYSE:BERY) Director Evan Bayh sold 14,000 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $70.13, for a total transaction of $981,820.00. Following the sale, the director now directly owns 30,228 shares of the company’s stock, valued at approximately $2,119,889.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Berry Global Group Price Performance

Shares of Berry Global Group stock opened at $69.94 on Friday. Berry Global Group, Inc. has a 12 month low of $53.92 and a 12 month high of $70.86. The company has a current ratio of 1.82, a quick ratio of 1.08 and a debt-to-equity ratio of 2.57. The business’s 50-day moving average price is $66.89 and its 200-day moving average price is $62.47. The firm has a market capitalization of $8.00 billion, a PE ratio of 16.61, a price-to-earnings-growth ratio of 1.10 and a beta of 1.15.

Berry Global Group (NYSE:BERY) last released its earnings results on Friday, August 2nd. The industrial products company reported $2.18 EPS for the quarter, beating the consensus estimate of $2.02 by $0.16. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.26 billion. Berry Global Group had a net margin of 4.55% and a return on equity of 27.32%. The firm’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.90 EPS. Sell-side analysts forecast that Berry Global Group, Inc. will post 7.6 EPS for the current fiscal year.

Berry Global Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend was Tuesday, September 3rd. Berry Global Group’s dividend payout ratio is presently 26.13%.

Hedge Funds Weigh In On Berry Global Group

A number of large investors have recently bought and sold shares of BERY. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Berry Global Group by 1.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,424 shares of the industrial products company’s stock worth $555,000 after purchasing an additional 176 shares during the last quarter. Creative Planning grew its holdings in Berry Global Group by 3.0% in the 3rd quarter. Creative Planning now owns 6,827 shares of the industrial products company’s stock worth $464,000 after acquiring an additional 198 shares during the last quarter. State of Michigan Retirement System raised its stake in shares of Berry Global Group by 0.7% during the first quarter. State of Michigan Retirement System now owns 28,500 shares of the industrial products company’s stock valued at $1,724,000 after acquiring an additional 200 shares during the last quarter. Guardian Wealth Management Inc. boosted its holdings in shares of Berry Global Group by 1.0% during the second quarter. Guardian Wealth Management Inc. now owns 29,623 shares of the industrial products company’s stock worth $1,743,000 after purchasing an additional 287 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its stake in shares of Berry Global Group by 9.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 4,077 shares of the industrial products company’s stock worth $240,000 after purchasing an additional 355 shares during the last quarter. 95.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BERY. UBS Group lowered their price target on Berry Global Group from $89.00 to $77.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Morgan Stanley began coverage on Berry Global Group in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $76.00 target price for the company. Truist Financial boosted their price target on shares of Berry Global Group from $68.00 to $74.00 and gave the company a “hold” rating in a research report on Tuesday. Finally, StockNews.com downgraded Berry Global Group from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $72.40.

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.