Rep. Robert Bresnahan, Jr. Unloads Berry Global Group, Inc. (NYSE:BERY) Stock

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Berry Global Group, Inc. NYSE: BERY. In a filing disclosed on February 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Berry Global Group stock on January 13th. The trade occurred in the Representative's "JOINT OWNERSHIP LPL ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Lowe's Companies NYSE: LOW on 2/7/2025.
• Purchased $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Take-Two Interactive Software NASDAQ: TTWO on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Alibaba Group NYSE: BABA on 1/30/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 1/30/2025.
• Sold $1,001 - $15,000 in shares of Robinhood Markets NASDAQ: HOOD on 1/29/2025.
• Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 1/29/2025.
• Sold $1,001 - $15,000 in shares of Manhattan Associates NASDAQ: MANH on 1/29/2025.
• Sold $1,001 - $15,000 in shares of Credo Technology Group NASDAQ: CRDO on 1/29/2025.

Berry Global Group Stock Up 1.2 %

BERY stock traded up $0.82 during trading on Tuesday, reaching $71.06. 318,877 shares of the stock were exchanged, compared to its average volume of 1,291,795. The company has a current ratio of 1.61, a quick ratio of 0.80 and a debt-to-equity ratio of 3.35. Berry Global Group, Inc. has a twelve month low of $55.24 and a twelve month high of $73.31. The firm's 50 day moving average is $67.34 and its 200 day moving average is $67.54. The firm has a market cap of $8.23 billion, a P/E ratio of 17.75, a price-to-earnings-growth ratio of 1.50 and a beta of 1.15.

Berry Global Group (NYSE:BERY - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.00 by $0.09. The business had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.35 billion. Berry Global Group had a net margin of 3.99% and a return on equity of 28.26%. The company's revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.22 earnings per share. As a group, research analysts forecast that Berry Global Group, Inc. will post 6.3 EPS for the current year.

Berry Global Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Monday, March 3rd. Berry Global Group's dividend payout ratio is currently 30.92%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on BERY shares. UBS Group boosted their target price on Berry Global Group from $72.00 to $73.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. Citigroup reaffirmed a "neutral" rating and set a $76.00 price target on shares of Berry Global Group in a research report on Monday, November 25th. Royal Bank of Canada upped their price target on Berry Global Group from $69.00 to $73.00 and gave the stock a "sector perform" rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. reissued an "overweight" rating and set a $76.00 price target (up previously from $70.00) on shares of Berry Global Group in a research report on Monday, November 25th. Finally, Barclays boosted their target price on shares of Berry Global Group from $64.00 to $75.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $74.56.

Institutional Investors Weigh In On Berry Global Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. UMB Bank n.a. grew its holdings in shares of Berry Global Group by 89.0% in the fourth 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. Quadrant Capital Group LLC boosted its holdings in shares of Berry Global Group by 28.8% in the 4th quarter. Quadrant Capital Group LLC now owns 738 shares of the industrial products company's stock valued at $48,000 after buying an additional 165 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Berry Global Group by 3,569.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 844 shares of the industrial products company's stock worth $55,000 after purchasing an additional 821 shares during the last quarter. Venturi Wealth Management LLC increased its position in Berry Global Group by 463.5% during the fourth quarter. Venturi Wealth Management LLC now owns 1,065 shares of the industrial products company's stock worth $69,000 after buying an additional 876 shares during the period. Finally, Capital Performance Advisors LLP purchased a new stake in Berry Global Group in the 3rd quarter valued at $75,000. Institutional investors and hedge funds own 95.36% of the company's stock.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.