Alberta Investment Management Corp Has $19.60 Million Holdings in Berry Global Group, Inc. (NYSE:BERY)

Alberta Investment Management Corp increased its position in Berry Global Group, Inc. (NYSE:BERY - Free Report) by 1,672.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 303,100 shares of the industrial products company's stock after purchasing an additional 286,000 shares during the quarter. Alberta Investment Management Corp owned approximately 0.26% of Berry Global Group worth $19,601,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of BERY. SG Americas Securities LLC bought a new position in shares of Berry Global Group in the third quarter valued at approximately $152,000. Creative Planning grew its holdings in shares of Berry Global Group by 3.0% during the third quarter. Creative Planning now owns 6,827 shares of the industrial products company's stock worth $464,000 after purchasing an additional 198 shares during the last quarter. Blue Trust Inc. grew its holdings in Berry Global Group by 149.3% during the 3rd quarter. Blue Trust Inc. now owns 3,829 shares of the industrial products company's stock worth $260,000 after acquiring an additional 2,293 shares during the last quarter. Raymond James & Associates raised its stake in shares of Berry Global Group by 32.3% in the third quarter. Raymond James & Associates now owns 261,538 shares of the industrial products company's stock worth $17,779,000 after acquiring an additional 63,836 shares during the last quarter. Finally, OLD National Bancorp IN lifted its position in shares of Berry Global Group by 12.9% during the third quarter. OLD National Bancorp IN now owns 7,485 shares of the industrial products company's stock worth $509,000 after purchasing an additional 857 shares in the last quarter. 95.36% of the stock is owned by institutional investors and hedge funds.

Berry Global Group Trading Down 1.4 %

NYSE BERY traded down $1.05 during trading on Friday, reaching $71.68. 1,853,952 shares of the stock traded hands, compared to its average volume of 1,390,967. The stock's 50-day moving average price is $67.59 and its 200 day moving average price is $67.72. The firm has a market cap of $8.30 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 1.57 and a beta of 1.15. Berry Global Group, Inc. has a fifty-two week low of $55.24 and a fifty-two week high of $73.31. The company has a quick ratio of 1.09, a current ratio of 1.61 and a debt-to-equity ratio of 3.35.

Berry Global Group (NYSE:BERY - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.09 EPS for the quarter, topping 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 business had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter last year, the business posted $1.22 EPS. The firm's revenue was up 2.2% compared to the same quarter last year. Analysts predict that Berry Global Group, Inc. will post 6.25 EPS for the current year.

Berry Global Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a $0.31 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.24 annualized dividend and a dividend yield of 1.73%. Berry Global Group's dividend payout ratio is presently 30.92%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on BERY shares. Citigroup reissued a "neutral" rating and issued a $76.00 price target on shares of Berry Global Group in a report on Monday, November 25th. UBS Group lifted their price objective on Berry Global Group from $72.00 to $73.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. Royal Bank of Canada upped their target price on shares of Berry Global Group from $69.00 to $73.00 and gave the company a "sector perform" rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. reaffirmed an "overweight" rating and issued a $76.00 target price (up previously from $70.00) on shares of Berry Global Group in a research note on Monday, November 25th. Finally, Barclays boosted their price target on shares of Berry Global Group from $64.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 27th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $74.56.

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.