On May 24, 2023, Truist Securities upgraded their outlook for Berry Global Group (NYSE:BERY) from Hold to Buy, according to Fintel reports.
The average one-year price target for Berry Global Group as of May 11, 2023 is $72.49, with a low of $60.60 and a high of $79.80. This represents an increase of 23.85% from its latest reported closing price of $58.53.
The projected annual revenue for Berry Global Group is $14,071MM, an increase of 4.27%. The projected annual non-GAAP EPS is 7.67.
Berry Global Group declared a regular quarterly dividend of $0.25 per share ($1.00 annualized) on May 2, 2023. Shareholders of record as of June 1, 2023 will receive the payment on June 15, 2023. The current dividend yield is 1.71%. The company’s dividend payout ratio is 0.17, indicating that it pays out a small proportion of its income in dividends.
There are 785 funds or institutions reporting positions in Berry Global Group, an increase of 18 owner(s) or 2.35% in the last quarter. Average portfolio weight of all funds dedicated to BERY is 0.44%, an increase of 10.63%.
The put/call ratio of BERY is 1.13, indicating a bearish outlook.
Among the top institutional holders of Berry Global Group are EdgePoint Investment Group, Turtle Creek Asset Management, Fuller & Thaler Asset Management, Lsv Asset Management, and Vanguard Total Stock Market Index Fund Investor Shares. Each has decreased its portfolio allocation in BERY over the last quarter.
Berry Global Group creates innovative packaging and engineered products to make life better for people and the planet. The company’s 47,000 global employees partner with customers to develop and manufacture innovative products with an eye toward the circular economy.
Key filings for this company.
This story originally appeared on Fintel.
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