Berry Global Group, Inc. (NYSE:BERY) Shares Bought by Vestcor Inc

Vestcor Inc boosted its position in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) by 1,232.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,140 shares of the industrial products company's stock after acquiring an additional 8,454 shares during the quarter. Vestcor Inc's holdings in Berry Global Group were worth $591,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. EdgePoint Investment Group Inc. boosted its stake in shares of Berry Global Group by 2.2% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 15,279,107 shares of the industrial products company's stock valued at $1,038,674,000 after buying an additional 336,186 shares during the period. State Street Corp boosted its stake in shares of Berry Global Group by 10.4% in the 3rd quarter. State Street Corp now owns 3,831,824 shares of the industrial products company's stock valued at $260,487,000 after buying an additional 360,857 shares during the period. FMR LLC boosted its stake in shares of Berry Global Group by 38.4% in the 3rd quarter. FMR LLC now owns 3,807,317 shares of the industrial products company's stock valued at $258,821,000 after buying an additional 1,055,756 shares during the period. Geode Capital Management LLC boosted its stake in shares of Berry Global Group by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,982,517 shares of the industrial products company's stock valued at $134,806,000 after buying an additional 27,437 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of 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 during the period. 95.36% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Analyst Ratings Changes

Several equities research analysts recently weighed in on BERY shares. Royal Bank of Canada boosted their target price on Berry Global Group from $69.00 to $73.00 and gave the stock a "sector perform" rating in a research note on Thursday, November 21st. Barclays boosted their target price on 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. Truist Financial boosted their target price on Berry Global Group from $74.00 to $76.00 and gave the stock a "hold" rating in a research note on Monday, February 10th. StockNews.com initiated coverage on Berry Global Group in a research note on Monday. They set a "buy" rating for the company. Finally, Citigroup reaffirmed a "neutral" rating and set a $76.00 price target on shares of Berry Global Group in a research report on Monday, November 25th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Berry Global Group currently has an average rating of "Hold" and an average price target of $74.56.

Berry Global Group Price Performance

BERY stock traded down $0.45 on Thursday, reaching $70.17. 1,745,283 shares of the company's stock were exchanged, compared to its average volume of 1,176,505. The stock has a fifty day moving average of $69.85 and a 200-day moving average of $68.53. Berry Global Group, Inc. has a twelve month low of $55.24 and a twelve month high of $74.24. The firm has a market cap of $8.13 billion, a PE ratio of 17.50, a P/E/G ratio of 1.54 and a beta of 1.13. 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 announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the prior year, the company posted $1.22 earnings per share. Berry Global Group's quarterly revenue was up 2.2% on a year-over-year basis. As a group, equities analysts predict that Berry Global Group, Inc. will post 6.25 EPS for the current fiscal year.

Berry Global Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid 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 1.77%. Berry Global Group's dividend payout ratio is presently 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.