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Friday, September 29, 2023

The Question Is Whether To Buy Or Not To Buy Berry Global Group Inc. (NYSE: BERY)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Berry Global Group Inc. (BERY) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $62.78. The Berry Global Group Inc. has recorded 15,621 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Berry Upgraded to “A” Rating from MSCI for Effective ESG Management.

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Stocks Info

Berry Global Group Inc. is listed on the NYSE as a member of the Consumer Cyclical sector and is a part of the Packaging & Containers industry. The current market capitalization of Berry Global Group Inc. is $7.31B. A total of 0.71 million shares were traded on the day, compared to an average of 1.33M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, BERY has seen 7 BUY and 7 SELL insider trades, representing the acquisition of 104,893 and the disposition of 89,474 shares. Over the last 12 months, there were 21 BUYs and 12 SELLs from insiders. Insiders purchased 245,712 shares during that period but sold 180,018.

In the most recent transaction, Miles Mark W sold 30,954 shares of BERY for 65.76 per share on Aug 15. After the transaction, the Chief Financial Officer now owns 84,502 company shares. In a previous transaction on Aug 11, Norman William J sold 9,000 shares at 66.48 per share. BERY shares that President owns now total 0.

Among the insiders who sold shares, Norman William J disposed of 30,000 shares on Aug 10 at a per-share price of $66.11. This resulted in the President holding 0 shares of BERY after the transaction. In another insider transaction, Greene Jason K. sold 520 shares at $68.01 per share on Jul 25. Company shares held by the Chief Legal Officer now total 250.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Berry Global Group Inc. pays an annual dividend of $1.00, resulting in a dividend yield of 1.59%, and it has a price to earnings (P/E) ratio of 11.76. BERY’s most recent ex-dividend date was 8/31/2023 when it declared a $0.25 quarterly dividend that was paid in cash on 9/15/2023. Previously, the company paid the dividend on 6/15/2023 with an ex-dividend date of 5/31/2023. The BERY stock dividend was $0.25 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for BERY in the last 3 months, the mean price target is $74.28 with high estimates of $86.00 and low estimates of $65.00. In terms of 52-week highs and lows, BERY has a high of $68.01 and a low of $44.52.

As of this writing, BERY has an earnings estimate of $2.11 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $2.2 per share and a lower estimate of $1.69. The company reported an EPS of $1.96 in the last quarter, which was 5.40% higher than expectations of $1.86.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. BERY’s latest balance sheet shows that the firm has $1.09B in Cash & Short Term Investments as of fiscal 2021. There were $9.46B in debt and $3.17B in liabilities at the time. Its Book Value Per Share was $28.56, while its Total Shareholder’s Equity was $3.18B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BERY is Buy with a score of 4.30.

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