American Century Companies Inc. Has $2.68 Million Stock Holdings in Berry Global Group, Inc. (NYSE:BERY)

American Century Companies Inc. grew its position in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) by 69.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,371 shares of the industrial products company's stock after buying an additional 16,927 shares during the period. American Century Companies Inc.'s holdings in Berry Global Group were worth $2,675,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in BERY. UMB Bank n.a. increased its holdings in shares of Berry Global Group by 89.0% in the 4th quarter. UMB Bank n.a. now owns 650 shares of the industrial products company's stock worth $42,000 after acquiring an additional 306 shares during the period. Steward Partners Investment Advisory LLC boosted its position in shares of Berry Global Group by 3,569.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 844 shares of the industrial products company's stock valued at $55,000 after purchasing an additional 821 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in Berry Global Group by 463.5% during the fourth quarter. Venturi Wealth Management LLC now owns 1,065 shares of the industrial products company's stock worth $69,000 after buying an additional 876 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its stake in shares of Berry Global Group by 25,814.3% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 1,814 shares of the industrial products company's stock worth $117,000 after acquiring an additional 1,807 shares in the last quarter. Finally, Merit Financial Group LLC purchased a new position in Berry Global Group in the 4th quarter worth about $200,000. Institutional investors and hedge funds own 95.36% of the company's stock.

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Wall Street Analyst Weigh In

Several research firms have weighed in on BERY. UBS Group lifted their target price on Berry Global Group from $72.00 to $73.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. StockNews.com initiated coverage on Berry Global Group in a report on Thursday. They set a "buy" rating on the stock. Finally, Truist Financial upped their price objective on shares of Berry Global Group from $74.00 to $76.00 and gave the stock a "hold" rating in a report on Monday, February 10th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $74.56.

Berry Global Group Stock Performance

NYSE BERY traded up $2.62 on Friday, hitting $67.12. 2,656,284 shares of the stock were exchanged, compared to its average volume of 1,286,835. The company has a market capitalization of $7.77 billion, a PE ratio of 16.74, a P/E/G ratio of 1.54 and a beta of 1.14. The business's fifty day moving average is $69.69 and its 200 day moving average is $68.53. Berry Global Group, Inc. has a 52 week low of $55.24 and a 52 week high of $74.24. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.61 and a quick ratio of 1.09.

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

Berry Global Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.85%. The ex-dividend date was Monday, March 3rd. Berry Global Group's dividend payout ratio (DPR) is currently 30.92%.

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.