James T. Jr. Glerum Buys 311 Shares of Berry Global Group, Inc. (NYSE:BERY) Stock

Berry Global Group, Inc. (NYSE:BERY) Director James T. Jr. Glerum purchased 311 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were acquired at an average cost of $68.12 per share, for a total transaction of $21,185.32. Following the completion of the purchase, the director now directly owns 179 shares of the company’s stock, valued at approximately $12,193.48. This represents a -235.61 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Berry Global Group Price Performance

Shares of BERY stock opened at $67.69 on Friday. The company has a debt-to-equity ratio of 3.35, a quick ratio of 1.09 and a current ratio of 1.61. Berry Global Group, Inc. has a fifty-two week low of $57.52 and a fifty-two week high of $74.24. The firm has a market cap of $7.84 billion, a P/E ratio of 16.88, a P/E/G ratio of 1.54 and a beta of 1.14. The business’s 50 day moving average price is $68.84 and its 200-day moving average price is $68.57.

Berry Global Group (NYSE:BERY) last issued its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.03. Berry Global Group had a net margin of 3.99% and a return on equity of 28.26%. The business had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same period in the previous year, the firm earned $1.95 EPS. The company’s quarterly revenue was up .0% compared to the same quarter last year. On average, equities research analysts anticipate that Berry Global Group, Inc. will post 6.25 earnings per share for the current year.

Hedge Funds Weigh In On Berry Global Group

Institutional investors have recently bought and sold shares of the stock. Balyasny Asset Management L.P. bought a new stake in shares of Berry Global Group during the fourth quarter valued at approximately $105,092,000. Norges Bank purchased a new position in Berry Global Group during the fourth quarter valued at $91,526,000. Magnetar Financial LLC bought a new stake in shares of Berry Global Group during the 4th quarter valued at $71,882,000. AQR Arbitrage LLC purchased a new stake in shares of Berry Global Group in the 4th quarter worth about $53,950,000. Finally, Westchester Capital Management LLC bought a new position in shares of Berry Global Group in the 4th quarter worth about $45,055,000. 95.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on BERY. UBS Group lifted their target price on shares of Berry Global Group from $72.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Truist Financial decreased their price objective on Berry Global Group from $76.00 to $71.00 and set a “hold” rating on the stock in a report on Tuesday, April 22nd. Finally, StockNews.com started coverage on Berry Global Group in a report on Sunday. They set a “buy” rating for the company. Six 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, Berry Global Group has an average rating of “Hold” and a consensus price target of $75.13.

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.