Berry Global Group, Inc. (NYSE:BERY) Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC reduced its stake in Berry Global Group, Inc. (NYSE:BERY - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 383,953 shares of the industrial products company's stock after selling 10,809 shares during the quarter. CIBC Private Wealth Group LLC owned 0.33% of Berry Global Group worth $25,437,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in BERY. UMB Bank n.a. raised its position in Berry Global Group by 89.0% in the fourth quarter. UMB Bank n.a. now owns 650 shares of the industrial products company's stock valued at $42,000 after purchasing an additional 306 shares during the period. Steward Partners Investment Advisory LLC grew its stake in shares of Berry Global Group by 3,569.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 844 shares of the industrial products company's stock valued at $55,000 after buying an additional 821 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Berry Global Group by 463.5% in the 4th quarter. Venturi Wealth Management LLC now owns 1,065 shares of the industrial products company's stock valued at $69,000 after buying an additional 876 shares during the period. Harvest Fund Management Co. Ltd lifted its stake in 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 during the 4th quarter valued at about $200,000. 95.36% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

BERY has been the topic of several research reports. Truist Financial increased their price target on shares of Berry Global Group from $74.00 to $76.00 and gave the stock a "hold" rating in a research report on Monday, February 10th. StockNews.com began coverage on shares of Berry Global Group in a report on Wednesday. They set a "buy" rating on the stock. Finally, UBS Group boosted their price target 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Berry Global Group has an average rating of "Hold" and an average target price of $74.56.

Berry Global Group Stock Down 3.6 %

Shares of BERY stock traded down $2.47 on Friday, reaching $66.34. 2,319,155 shares of the stock were exchanged, compared to its average volume of 1,247,411. The company has a market capitalization of $7.68 billion, a price-to-earnings ratio of 16.54, a PEG ratio of 1.54 and a beta of 1.14. The business's 50 day moving average price is $70.31 and its 200 day moving average price is $68.72. The company has a current ratio of 1.61, a quick ratio of 1.09 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 earnings results on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share 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 firm had revenue of $2.39 billion during the quarter, compared to analysts' expectations of $2.35 billion. During the same quarter in the previous year, the business earned $1.22 earnings per share. The firm's revenue was up 2.2% compared to the same quarter last year. As a group, sell-side analysts expect that Berry Global Group, Inc. will post 6.25 earnings per share for the current fiscal year.

Berry Global Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.31 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.87%. 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.