Research Analysts’ Recent Ratings Changes for Berry Global Group (BERY)

A number of research firms have changed their ratings and price targets for Berry Global Group (NYSE: BERY):

• 12/3/2024 – Berry Global Group is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 11/27/2024 – Berry Global Group had its price target raised by analysts at Barclays PLC from $64.00 to $75.00. They now have an “equal weight” rating on the stock.
• 11/25/2024 – Berry Global Group had its “overweight” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $76.00 price target on the stock, up previously from $70.00.
• 11/25/2024 – Berry Global Group had its “neutral” rating reaffirmed by analysts at Citigroup Inc.. They now have a $76.00 price target on the stock.
• 11/25/2024 – Berry Global Group was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 11/22/2024 – Berry Global Group was downgraded by analysts at UBS Group AG from a “buy” rating to a “neutral” rating. They now have a $75.00 price target on the stock, down previously from $82.00.
• 11/21/2024 – Berry Global Group had its price target raised by analysts at Royal Bank of Canada from $69.00 to $73.00. They now have a “sector perform” rating on the stock.
• 11/20/2024 – Berry Global Group had its “hold” rating reaffirmed by analysts at Truist Financial Co.. They now have a $72.00 price target on the stock, down previously from $74.00.
• 11/15/2024 – Berry Global Group was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 11/7/2024 – Berry Global Group is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 10/30/2024 – Berry Global Group was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 10/22/2024 – Berry Global Group was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/15/2024 – Berry Global Group had its price target raised by analysts at Truist Financial Co. from $68.00 to $74.00. They now have a “hold” rating on the stock.
• 10/11/2024 – Berry Global Group was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.

Berry Global Group Trading Down 0.5 %

BERY stock opened at $70.99 on Thursday. Berry Global Group, Inc. has a one year low of $54.06 and a one year high of $73.31. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.25 and a quick ratio of 0.80. The stock has a market cap of $8.18 billion, a price-to-earnings ratio of 16.17, a price-to-earnings-growth ratio of 1.42 and a beta of 1.14. The company has a fifty day moving average price of $68.81 and a two-hundred day moving average price of $65.05.

Berry Global Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Monday, December 2nd. This is an increase from Berry Global Group’s previous quarterly dividend of $0.28. Berry Global Group’s payout ratio is 28.25%.

Insiders Place Their Bets

In other news, 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 in the company, valued at approximately $2,119,889.64. The trade was a 31.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 4.00% of the company’s stock.

Institutional Trading of Berry Global Group

Several institutional investors have recently added to or reduced their stakes in BERY. Altshuler Shaham Ltd acquired a new position in shares of Berry Global Group during the second quarter worth approximately $27,000. Quest Partners LLC grew its stake in Berry Global Group by 54,800.0% in the 2nd quarter. Quest Partners LLC now owns 549 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 548 shares during the period. LRI Investments LLC grew its stake in Berry Global Group by 1,309.1% in the 2nd quarter. LRI Investments LLC now owns 620 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 576 shares during the period. DekaBank Deutsche Girozentrale bought a new position in shares of Berry Global Group during the 2nd quarter worth $42,000. Finally, American Capital Advisory LLC bought a new position in shares of Berry Global Group during the 2nd quarter worth $44,000. 95.36% of the stock is currently owned by institutional investors.

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.