Why Should Berry Global Group Inc. (BERY) Be In Your Portfolio? – Marketing Sentinel
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Why Should Berry Global Group Inc. (BERY) Be In Your Portfolio?

Berry Global Group Inc. (NYSE:BERY) has a beta value of 1.32 and has seen 0.68 million shares traded in the last trading session. The company, currently valued at $9.27B, closed the last trade at $68.39 per share which meant it lost -$0.27 on the day or -0.39% during that session. The BERY stock price is -3.67% off its 52-week high price of $70.90 and 33.21% above the 52-week low of $45.68. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.76 million shares traded. The 3-month trading volume is 805.58K shares.

The consensus among analysts is that Berry Global Group Inc. (BERY) is an Overweight stock at the moment, with a recommendation rating of 1.90. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 4 out of 17 have rated it as a Hold, with 12 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $1.5.

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Berry Global Group Inc. (NYSE:BERY) trade information

Sporting -0.39% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, 09/03/21 when the BERY stock price touched $68.39 or saw a rise of 1.38%. Year-to-date, Berry Global Group Inc. shares have moved 21.71%, while the 5-day performance has seen it change 2.60%. Over the past 30 days, the shares of Berry Global Group Inc. (NYSE:BERY) have changed 8.56%. Short interest in the company has seen 3.83 million shares shorted with days to cover at 4.6.

Wall Street analysts have a consensus price target for the stock at $80.27, which means that the shares’ value could jump 14.8% from current levels. The projected low price target is $71.00 while the price target rests at a high of $86.00. In that case, then, we find that the current price level is -25.75% off the targeted high while a plunge would see the stock gain -3.82% from current levels.

Berry Global Group Inc. (BERY) estimates and forecasts

Figures show that Berry Global Group Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained 15.10% over the past 6 months, with this year growth rate of 19.18%, compared to 17.20% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -1.30% and -3.80% for the next quarter. Revenue growth from the last financial year stood is estimated to be 16.60%.

13 analysts offering their estimates for the company have set an average revenue estimate of $3.23 billion for the current quarter. 13 have an estimated revenue figure of $3.48 billion for the next quarter concluding in Sep 2021.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 42.80% over the past 5 years. Earnings growth for 2021 is a modest 37.90% while over the next 5 years, the company’s earnings are expected to increase by 11.67%.

BERY Dividends

Berry Global Group Inc. is expected to release its next earnings report between November 17 and November 22 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Berry Global Group Inc. (NYSE:BERY)’s Major holders

Insiders own 0.17% of the company shares, while shares held by institutions stand at 98.19% with a share float percentage of 98.36%. Investors are also buoyed by the number of investors in a company, with Berry Global Group Inc. having a total of 500 institutions that hold shares in the company. The top two institutional holders are Edgepoint Investment Group Inc. with over 16.34 million shares worth more than $1.0 billion. As of Mar 30, 2021, Edgepoint Investment Group Inc. held 12.20% of shares outstanding.

The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 12.21 million shares as of Mar 30, 2021. The firm’s total holdings are worth over $749.4 million and represent 9.11% of shares outstanding.

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Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. As of Mar 30, 2021, the former fund manager holds about 2.82% shares in the company for having 3.78 million shares of worth $232.19 million while later fund manager owns 3.27 million shares of worth $200.94 million as of Mar 30, 2021, which makes it owner of about 2.44% of company’s outstanding stock.

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