Khrom Capital Management LLC Increases Stake in Berry Global Group, Inc. (NYSE:BERY)

Khrom Capital Management LLC grew its position in Berry Global Group, Inc. (NYSE:BERY - Free Report) by 14.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,630,007 shares of the industrial products company's stock after acquiring an additional 210,046 shares during the quarter. Berry Global Group accounts for about 11.9% of Khrom Capital Management LLC's holdings, making the stock its largest position. Khrom Capital Management LLC owned 1.41% of Berry Global Group worth $105,413,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of BERY. Geode Capital Management LLC raised its position in Berry Global Group by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 1,989,350 shares of the industrial products company's stock worth $128,691,000 after purchasing an additional 6,833 shares in the last quarter. Norges Bank acquired a new position in shares of Berry Global Group in the 4th quarter worth approximately $91,526,000. Magnetar Financial LLC bought a new position in shares of Berry Global Group during the 4th quarter worth approximately $71,882,000. Charles Schwab Investment Management Inc. boosted its stake in Berry Global Group by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 846,925 shares of the industrial products company's stock valued at $54,771,000 after buying an additional 11,010 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Berry Global Group by 41.7% in the fourth quarter. JPMorgan Chase & Co. now owns 605,772 shares of the industrial products company's stock valued at $39,175,000 after acquiring an additional 178,287 shares during the period. Institutional investors own 95.36% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BERY shares. Truist Financial reduced their target price on shares of Berry Global Group from $76.00 to $71.00 and set a "hold" rating on the stock in a research note on Tuesday. StockNews.com began coverage on shares of Berry Global Group in a research report on Friday, April 18th. They issued a "buy" rating on the stock. Finally, UBS Group upped their price objective 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. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Berry Global Group has an average rating of "Hold" and an average price target of $75.13.

Berry Global Group Price Performance

Shares of BERY traded down $0.90 during mid-day trading on Friday, hitting $68.89. 1,480,551 shares of the company traded hands, compared to its average volume of 1,308,377. The company has a current ratio of 1.61, a quick ratio of 1.09 and a debt-to-equity ratio of 3.35. The stock has a market capitalization of $7.98 billion, a price-to-earnings ratio of 17.18, a PEG ratio of 1.54 and a beta of 1.14. The business has a 50-day moving average of $69.24 and a 200 day moving average of $68.59. Berry Global Group, Inc. has a one year low of $56.60 and a one year high of $74.24.

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

Berry Global Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.24 annualized dividend and a yield of 1.80%. Berry Global Group's dividend payout ratio 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.