Corebridge Financial Inc. Sells 5,846 Shares of Berry Global Group, Inc. (NYSE:BERY)

Corebridge Financial Inc. lowered its stake in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 129,673 shares of the industrial products company's stock after selling 5,846 shares during the period. Corebridge Financial Inc. owned approximately 0.11% of Berry Global Group worth $8,386,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of BERY. UMB Bank n.a. grew its holdings in Berry Global Group by 89.0% during 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 boosted its position in shares of Berry Global Group by 3,569.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 844 shares of the industrial products company's stock worth $55,000 after purchasing an additional 821 shares in the last quarter. Venturi Wealth Management LLC grew 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 increased its position in shares of Berry Global Group by 25,814.3% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 1,814 shares of the industrial products company's stock valued at $117,000 after buying an additional 1,807 shares in the last quarter. Finally, Townsquare Capital LLC bought a new stake in shares of Berry Global Group in the 3rd quarter valued at $201,000. 95.36% of the stock is currently owned by institutional investors and hedge funds.

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Berry Global Group Stock Up 1.1 %

NYSE:BERY traded up $0.77 during trading hours on Tuesday, reaching $70.58. 2,668,121 shares of the stock were exchanged, compared to its average volume of 1,240,957. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.61 and a quick ratio of 1.09. Berry Global Group, Inc. has a twelve month low of $55.24 and a twelve month high of $74.24. The stock has a market cap of $8.17 billion, a PE ratio of 17.60, a PEG ratio of 1.54 and a beta of 1.13. The firm has a 50 day moving average of $70.29 and a 200 day moving average of $68.70.

Berry Global Group (NYSE:BERY - Get Free Report) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $1.09 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 during the quarter, compared to analysts' expectations of $2.35 billion. During the same quarter in the prior year, the company posted $1.22 earnings per share. The firm's revenue was up 2.2% on a year-over-year basis. On average, equities analysts expect that Berry Global Group, Inc. will post 6.25 earnings per share for the current year.

Berry Global Group Announces Dividend

The business 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. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date was Monday, March 3rd. Berry Global Group's dividend payout ratio is currently 30.92%.

Analyst Ratings Changes

A number of research firms have issued reports on BERY. UBS Group boosted their target price on Berry Global Group from $72.00 to $73.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. Truist Financial increased 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. Finally, StockNews.com began coverage on shares of Berry Global Group in a report on Tuesday, March 25th. They set a "buy" rating on the stock. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $74.56.

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.