Amundi Purchases New Position in Berry Global Group, Inc. (NYSE:BERY)

Amundi acquired a new stake in Berry Global Group, Inc. (NYSE:BERY - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 35,960 shares of the industrial products company's stock, valued at approximately $2,382,000.

Several other large investors have also recently added to or reduced their stakes in BERY. Victory Capital Management Inc. lifted its position in shares of Berry Global Group by 36.3% during the 3rd quarter. Victory Capital Management Inc. now owns 95,281 shares of the industrial products company's stock valued at $6,477,000 after acquiring an additional 25,382 shares during the period. CIBC Asset Management Inc bought a new stake in Berry Global Group during the third quarter worth about $229,000. Chesapeake Capital Corp IL acquired a new stake in Berry Global Group during the third quarter worth about $647,000. Quest Partners LLC increased its holdings in Berry Global Group by 1,478.0% in the 3rd quarter. Quest Partners LLC now owns 8,663 shares of the industrial products company's stock valued at $589,000 after buying an additional 8,114 shares during the period. Finally, W.G. Shaheen & Associates DBA Whitney & Co acquired a new position in shares of Berry Global Group in the 3rd quarter valued at approximately $206,000. Institutional investors own 95.36% of the company's stock.

Analyst Ratings Changes

BERY has been the topic of several analyst reports. JPMorgan Chase & Co. reiterated an "overweight" rating and set a $76.00 price target (up previously from $70.00) on shares of Berry Global Group in a research report on Monday, November 25th. Truist Financial lifted their target price on Berry Global Group from $74.00 to $76.00 and gave the company a "hold" rating in a research report on Monday, February 10th. Royal Bank of Canada raised their price target on shares of Berry Global Group from $69.00 to $73.00 and gave the company a "sector perform" rating in a research note on Thursday, November 21st. Barclays increased their price objective on shares of Berry Global Group from $64.00 to $75.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 27th. Finally, UBS Group boosted their target price on shares of Berry Global Group from $72.00 to $73.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $74.56.

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Berry Global Group Trading Down 0.6 %

Berry Global Group stock traded down $0.45 during trading hours on Thursday, reaching $70.17. 1,739,906 shares of the company's stock were exchanged, compared to its average volume of 1,176,505. The firm has a market capitalization of $8.13 billion, a PE ratio of 17.50, a PEG ratio of 1.54 and a beta of 1.13. The firm's 50 day simple moving average is $69.85 and its 200 day simple moving average is $68.53. 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, Inc. has a twelve month low of $55.24 and a twelve month high of $74.24.

Berry Global Group (NYSE:BERY - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.09 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $2.39 billion during the quarter, compared to analysts' expectations of $2.35 billion. During the same period last year, the company posted $1.22 earnings per share. The business's quarterly revenue was up 2.2% on a year-over-year basis. Research analysts predict that Berry Global Group, Inc. will post 6.25 earnings per share for the current year.

Berry Global Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.31 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.24 dividend on an annualized basis and a yield of 1.77%. Berry Global Group's dividend payout ratio (DPR) is presently 30.92%.

Berry Global Group 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.