Berry Global Group, Inc. (NYSE:BERY) Shares Sold by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. reduced its stake in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,672,549 shares of the industrial products company's stock after selling 32,160 shares during the quarter. Berry Global Group accounts for approximately 1.1% of Fuller & Thaler Asset Management Inc.'s portfolio, making the stock its 9th largest holding. Fuller & Thaler Asset Management Inc. owned 4.04% of Berry Global Group worth $302,174,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its position 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 buying an additional 306 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Berry Global Group by 28.8% in the fourth quarter. Quadrant Capital Group LLC now owns 738 shares of the industrial products company's stock valued at $48,000 after purchasing an additional 165 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position 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 purchasing an additional 821 shares during the last quarter. Venturi Wealth Management LLC increased its stake in shares of Berry Global Group by 463.5% during the 4th quarter. Venturi Wealth Management LLC now owns 1,065 shares of the industrial products company's stock worth $69,000 after purchasing an additional 876 shares in the last quarter. Finally, Atlas Capital Advisors Inc. increased its stake in shares of Berry Global Group by 7,390.9% during the 4th quarter. Atlas Capital Advisors Inc. now owns 1,648 shares of the industrial products company's stock worth $107,000 after purchasing an additional 1,626 shares in the last quarter. 95.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on BERY. StockNews.com assumed coverage on Berry Global Group in a report on Friday, April 18th. They set a "buy" rating on the stock. UBS Group lifted their price objective on Berry Global Group from $72.00 to $73.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. Finally, 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 report on Tuesday. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Berry Global Group presently has a consensus rating of "Hold" and a consensus price target of $75.13.

Berry Global Group Stock Up 2.9 %

Shares of NYSE:BERY opened at $68.95 on Wednesday. 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 firm has a market cap of $7.98 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 1.54 and a beta of 1.14. The stock's 50-day moving average price is $69.33 and its two-hundred day moving average price is $68.55. Berry Global Group, Inc. has a 12-month low of $55.68 and a 12-month high of $74.24.

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

Berry Global Group Announces Dividend

The company also recently disclosed 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. 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 1.80%. Berry Global Group's payout ratio is 30.92%.

About Berry Global Group

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.

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