Berry Global Group, Inc. (NYSE:BERY) Receives Consensus Rating of “Hold” from Analysts

Shares of Berry Global Group, Inc. (NYSE:BERY) have been given a consensus rating of “Hold” by the eleven research firms that are currently covering the company, Marketbeat reports. Nine analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $73.30.

BERY has been the subject of several recent analyst reports. Truist Financial boosted their target price on Berry Global Group from $72.00 to $74.00 and gave the stock a “hold” rating in a research note on Monday, January 6th. JPMorgan Chase & Co. restated an “overweight” rating and issued a $76.00 target price (up previously from $70.00) on shares of Berry Global Group in a report on Monday, November 25th. StockNews.com assumed coverage on shares of Berry Global Group in a research note on Tuesday. They set a “buy” rating on the stock. UBS Group decreased their price objective on shares of Berry Global Group from $75.00 to $72.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Finally, Citigroup reiterated a “neutral” rating and set a $76.00 target price on shares of Berry Global Group in a research report on Monday, November 25th.

Berry Global Group Stock Up 1.3 %

BERY stock opened at $69.19 on Tuesday. The company’s 50 day moving average price is $67.65 and its 200 day moving average price is $66.95. The firm has a market capitalization of $8.01 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 1.44 and a beta of 1.16. Berry Global Group has a fifty-two week low of $54.06 and a fifty-two week high of $73.31. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.80 and a current ratio of 1.25.

Berry Global Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.79%. This is an increase from Berry Global Group’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, December 2nd. Berry Global Group’s payout ratio is presently 28.25%.

Institutional Investors Weigh In On Berry Global Group

Large investors have recently added to or reduced their stakes in the business. Greenleaf Trust raised its holdings in shares of Berry Global Group by 3.5% in the fourth quarter. Greenleaf Trust now owns 4,408 shares of the industrial products company’s stock worth $285,000 after acquiring an additional 149 shares during the last quarter. M&T Bank Corp increased its position in Berry Global Group by 3.1% during the 3rd quarter. M&T Bank Corp now owns 5,832 shares of the industrial products company’s stock worth $396,000 after purchasing an additional 173 shares in the last quarter. Creative Planning raised its stake 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 valued at $464,000 after purchasing an additional 198 shares during the last quarter. UMB Bank n.a. lifted its holdings in Berry Global Group by 89.0% in the 4th quarter. UMB Bank n.a. now owns 650 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 306 shares in the last quarter. Finally, US Bancorp DE boosted its stake in shares of Berry Global Group by 9.1% during the 3rd quarter. US Bancorp DE now owns 3,725 shares of the industrial products company’s stock worth $253,000 after purchasing an additional 311 shares during the last quarter. 95.36% of the stock is owned by institutional investors and hedge funds.

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.