Barclays PLC Purchases 16,383 Shares of Berry Global Group, Inc. (NYSE:BERY)

Barclays PLC increased its position in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) by 16.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 118,339 shares of the industrial products company's stock after acquiring an additional 16,383 shares during the quarter. Barclays PLC owned about 0.10% of Berry Global Group worth $7,653,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of BERY. UMB Bank n.a. raised its position in shares of 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 worth $42,000 after purchasing an additional 306 shares during the period. Quadrant Capital Group LLC increased its position in shares of Berry Global Group by 28.8% during the fourth quarter. Quadrant Capital Group LLC now owns 738 shares of the industrial products company's stock worth $48,000 after acquiring an additional 165 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings 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 acquiring an additional 821 shares during the period. Venturi Wealth Management LLC raised its holdings in shares of Berry Global Group by 463.5% during the fourth quarter. Venturi Wealth Management LLC now owns 1,065 shares of the industrial products company's stock worth $69,000 after acquiring an additional 876 shares during the period. Finally, Atlas Capital Advisors Inc. lifted its position in Berry Global Group by 7,390.9% in the 4th quarter. Atlas Capital Advisors Inc. now owns 1,648 shares of the industrial products company's stock valued at $107,000 after acquiring an additional 1,626 shares in the last quarter. Institutional investors own 95.36% of the company's stock.

Berry Global Group Stock Down 1.3 %

BERY traded down $0.90 during trading on Friday, reaching $68.89. 1,480,551 shares of the stock were exchanged, compared to its average volume of 1,312,202. The stock has a market cap of $7.98 billion, a P/E ratio of 17.18, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14. The company has a debt-to-equity ratio of 3.35, a quick ratio of 1.09 and a current ratio of 1.61. The stock's 50 day moving average price is $69.24 and its two-hundred day moving average price is $68.60. Berry Global Group, Inc. has a twelve month low of $56.60 and a twelve month high of $74.24.

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

Berry Global Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend was Monday, March 3rd. Berry Global Group's payout ratio is presently 30.92%.

Analysts Set New Price Targets

Several analysts have issued reports on BERY shares. StockNews.com assumed coverage on Berry Global Group in a research note on Saturday. They issued a "buy" rating on the stock. Truist Financial decreased their price objective on Berry Global Group from $76.00 to $71.00 and set a "hold" rating for the company in a report on Tuesday, April 22nd. Finally, 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. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Berry Global Group currently has a consensus rating of "Hold" and an average price target of $75.13.

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.