Peak6 LLC Invests $551,000 in Berry Global Group, Inc. (NYSE:BERY)

PEAK6 LLC purchased a new position in Berry Global Group, Inc. (NYSE:BERY - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,520 shares of the industrial products company's stock, valued at approximately $551,000.

Several other hedge funds have also recently modified their holdings of BERY. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of Berry Global Group in the fourth quarter valued at about $4,625,000. Gamco Investors INC. ET AL acquired a new position in shares of Berry Global Group in the fourth quarter worth about $206,000. Keeley Teton Advisors LLC increased its stake in shares of Berry Global Group by 125.7% in the 4th quarter. Keeley Teton Advisors LLC now owns 66,756 shares of the industrial products company's stock valued at $4,317,000 after purchasing an additional 37,181 shares in the last quarter. Gabelli Funds LLC acquired a new stake in Berry Global Group in the fourth quarter valued at approximately $4,158,000. Finally, Guggenheim Capital LLC raised its stake in shares of Berry Global Group by 49.7% during the 4th quarter. Guggenheim Capital LLC now owns 8,359 shares of the industrial products company's stock worth $541,000 after buying an additional 2,777 shares during the period. Institutional investors and hedge funds own 95.36% of the company's stock.

Berry Global Group Trading Down 1.2 %

Shares of BERY traded down $0.82 during midday trading on Friday, hitting $68.97. 439,688 shares of the stock were exchanged, compared to its average volume of 1,304,756. Berry Global Group, Inc. has a 52-week low of $56.19 and a 52-week high of $74.24. The company has a debt-to-equity ratio of 3.35, a quick ratio of 1.09 and a current ratio of 1.61. The stock has a fifty day simple moving average of $69.29 and a 200 day simple moving average of $68.57. The firm has a market cap of $7.99 billion, a P/E ratio of 17.21, a P/E/G ratio of 1.54 and a beta of 1.14.

Berry Global Group (NYSE:BERY - Get Free Report) last released its earnings results on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.09. Berry Global Group had a return on equity of 28.26% and a net margin of 3.99%. The company had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the previous year, the company posted $1.22 EPS. Berry Global Group's revenue was up 2.2% compared to the same quarter last year. On average, research analysts anticipate that Berry Global Group, Inc. will post 6.25 EPS for the current fiscal year.

Berry Global Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.80%. The ex-dividend date was Monday, March 3rd. Berry Global Group's payout ratio is currently 30.92%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on BERY shares. StockNews.com began coverage on Berry Global Group in a report on Friday, April 18th. They issued a "buy" rating on the stock. Truist Financial cut their price objective on shares of Berry Global Group from $76.00 to $71.00 and set a "hold" rating for the company in a report on Tuesday. Finally, UBS Group upped their price target on Berry Global Group from $72.00 to $73.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $75.13.

About Berry Global Group

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.