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

Company Overview

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. The Consumer Packaging International segment offers closures and dispensing systems, pharmaceutical devices and packaging, bottles and canisters, containers, and technical components. The Consumer Packaging North America segment provides containers and pails, foodservice products, closures, bottles and prescription vials, and tubes. The Engineered Materials segment offers stretch and shrink, converter, food and consumer, and agriculture films, as well as institutional can liners and retail bags. The Health, Hygiene & Specialties segment provides healthcare, hygiene, specialties, and tapes. Berry Global Group, Inc. sells its products through direct sales force of professionals and distributors. The company was formerly known as Berry Plastics Group, Inc. and changed its name to Berry Global Group, Inc. in April 2017. Berry Global Group, Inc. was founded in 1967 and is based in Evansville, Indiana.

Key Stats

• Today's Range: $67.54 to $69.54
• 50-Day Range: $64.80 to $70.95
• 52-Week Range: $54.06 to $72.50
• Volume: 6.98 million shs
• Average Volume: 1.06 million shs
• Market Capitalization: $7.91 billion
• P/E Ratio: 14.75
• Dividend Yield: 1.80%
• Price Target: $71.00
• Consensus Rating: Hold

Berry Global Group Stock Analysis - MarketRank™

Berry Global Group scored higher than 74% of companies evaluated by MarketBeat, and ranked 65th out of 178 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.2 / 5
• Analyst Rating: Hold

Consensus Rating

Berry Global Group has received a consensus rating of Hold. The company's average rating score is 2.30, and is based on 3 buy ratings, 7 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Berry Global Group has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 7.50%

Earnings Growth

Earnings for Berry Global Group are expected to grow by 7.50% in the coming year, from $7.60 to $8.17 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Berry Global Group is 14.75, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.38.

Price to Earnings Ratio vs. Sector

The P/E ratio of Berry Global Group is 14.75, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 22.30.

Price to Earnings Growth Ratio

Berry Global Group has a PEG Ratio of 1.10. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Berry Global Group has a P/B Ratio of 2.53. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.80% of the float of Berry Global Group has been sold short.

Short Interest Ratio / Days to Cover

Berry Global Group has a short interest ratio ("days to cover") of 5.8.

Change versus previous month

Short interest in Berry Global Group has recently decreased by 1.58%, indicating that investor sentiment is improving.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Berry Global Group pays a meaningful dividend of 1.64%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Berry Global Group does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Berry Global Group is 28.25%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Berry Global Group will have a dividend payout ratio of 15.18% next year. This indicates that Berry Global Group will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.8 / 5
• Environmental Score: -3.74

Percentage of Shares Shorted

3.80% of the float of Berry Global Group has been sold short.

Short Interest Ratio / Days to Cover

Berry Global Group has a short interest ratio ("days to cover") of 5.8.

Change versus previous month

Short interest in Berry Global Group has recently decreased by 1.58%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.69

News Sentiment

Berry Global Group has a news sentiment score of 0.69. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 27 news articles for Berry Global Group this week, compared to 6 articles on an average week.

Search Interest

5 people have searched for BERY on MarketBeat in the last 30 days. This is an increase of 67% compared to the previous 30 days.

MarketBeat Follows

Only 3 people have added Berry Global Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Berry Global Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $981,820.00 in company stock.

Percentage Held by Insiders

Only 4.00% of the stock of Berry Global Group is held by insiders.

Percentage Held by Institutions

95.36% of the stock of Berry Global Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

BERY Stock Analysis - Frequently Asked Questions

How have BERY shares performed this year?

Berry Global Group's stock was trading at $67.39 at the start of the year. Since then, BERY stock has increased by 2.4% and is now trading at $69.01.
View the best growth stocks for 2024 here.

How were Berry Global Group's earnings last quarter?

Berry Global Group, Inc. (NYSE:BERY) issued its quarterly earnings results on Friday, August, 2nd. The industrial products company reported $2.18 earnings per share for the quarter, topping analysts' consensus estimates of $2.02 by $0.16. Berry Global Group's quarterly revenue was down 2.1% on a year-over-year basis.

Who are Berry Global Group's major shareholders?

Berry Global Group's top institutional investors include EdgePoint Investment Group Inc. (13.33%), State Street Corp (3.34%), FMR LLC (3.32%) and Massachusetts Financial Services Co. MA (2.50%). Insiders that own company stock include Mark W Miles, Tom Salmon, Evan Bayh, Jonathan F Foster, Peter T Thomas, Carl J Rickertsen, Jason K Greene, William J Norman, James Till, Michael Edward Hill and Curt Begle.
View institutional ownership trends.

How do I buy shares of Berry Global Group?

Shares of BERY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Berry Global Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Berry Global Group investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Arista Networks (ANET), Adobe (ADBE), Advanced Micro Devices (AMD) and General Electric (GE).

Company Calendar

• Last Earnings: 8/02/2024
• Ex-Dividend for 9/17 Dividend: 9/03/2024
• Dividend Payable: 9/17/2024
• Today: 11/20/2024
• Next Earnings (Confirmed): 11/20/2024
• Ex-Dividend for 12/16 Dividend: 12/02/2024
• Dividend Payable: 12/16/2024
• Fiscal Year End: 9/30/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Industrial Products
• Industry: Plastics products, not elsewhere classified
• Sub-Industry: Metal & Glass Containers
• Current Symbol: NYSE:BERY
• CUSIP: 08579W10
• CIK: 1378992
• Web: www.berryglobal.com
• Phone: (812) 424-2904
• Fax: 812-424-0128
• Employees: 44,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $71.00
• High Stock Price Target: $81.00
• Low Stock Price Target: $62.00
• Potential Upside/Downside: +2.9%
• Consensus Rating: Hold
• Rating Score (0-4): 2.30
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $4.39
• Trailing P/E Ratio: 14.75
• Forward P/E Ratio: 9.08
• P/E Growth: 1.1
• Net Income: $609 million
• Net Margins: 4.55%
• Pretax Margin: 5.26%
• Return on Equity: 27.32%
• Return on Assets: 5.58%

Debt

• Debt-to-Equity Ratio: 2.57
• Current Ratio: 1.82
• Quick Ratio: 1.08

Sales & Book Value

• Annual Sales: $12.18 billion
• Price / Sales: 0.65
• Cash Flow: $15.13 per share
• Price / Cash Flow: 4.56
• Book Value: $27.23 per share
• Price / Book: 2.53

Miscellaneous

• Outstanding Shares: 114,600,000
• Free Float: 110,016,000
• Market Cap: $7.91 billion
• Optionable: Optionable
• Beta: 1.14