California Public Employees Retirement System Has $13.72 Million Stake in Berry Global Group, Inc. (NYSE:BERY)

California Public Employees Retirement System decreased its holdings in Berry Global Group, Inc. (NYSE:BERY - Free Report) by 7.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 212,211 shares of the industrial products company's stock after selling 16,057 shares during the quarter. California Public Employees Retirement System owned 0.18% of Berry Global Group worth $13,724,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of BERY. Geode Capital Management LLC grew its stake in shares of Berry Global Group by 1.4% during 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 acquiring an additional 27,437 shares during the period. Sound Income Strategies LLC increased its stake in Berry Global Group by 13.4% in the fourth quarter. Sound Income Strategies LLC now owns 72,914 shares of the industrial products company's stock worth $4,715,000 after purchasing an additional 8,622 shares during the period. Barclays PLC increased its stake in Berry Global Group by 87.1% in the third quarter. Barclays PLC now owns 101,956 shares of the industrial products company's stock worth $6,931,000 after purchasing an additional 47,476 shares during the period. SG Americas Securities LLC increased its stake in Berry Global Group by 333.1% in the fourth quarter. SG Americas Securities LLC now owns 9,697 shares of the industrial products company's stock worth $627,000 after purchasing an additional 7,458 shares during the period. Finally, Tidal Investments LLC grew its position in shares of Berry Global Group by 71.0% during the 3rd quarter. Tidal Investments LLC now owns 31,325 shares of the industrial products company's stock worth $2,129,000 after buying an additional 13,004 shares in the last quarter. Hedge funds and other institutional investors own 95.36% of the company's stock.

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Wall Street Analyst Weigh In

BERY has been the subject of several recent analyst reports. UBS Group raised their price target on Berry Global Group from $72.00 to $73.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. StockNews.com initiated coverage on Berry Global Group in a research note on Thursday. They issued a "buy" rating on the stock. Finally, Truist Financial increased their price target on Berry Global Group from $74.00 to $76.00 and gave the stock a "hold" rating in a report on Monday, February 10th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Berry Global Group presently has a consensus rating of "Hold" and an average price target of $74.56.

Berry Global Group Stock Down 1.3 %

NYSE BERY traded down $0.85 during trading hours on Thursday, reaching $64.15. 457,877 shares of the company traded hands, compared to its average volume of 1,268,372. 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 12 month low of $55.24 and a 12 month high of $74.24. The company has a 50 day moving average of $69.80 and a two-hundred day moving average of $68.57. The stock has a market capitalization of $7.43 billion, a PE ratio of 16.02, a PEG ratio of 1.54 and a beta of 1.14.

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 for the quarter, topping analysts' consensus estimates of $1.00 by $0.09. The firm had revenue of $2.39 billion during 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%. The firm's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the firm posted $1.22 earnings per share. As a group, 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 company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid 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 yield of 1.93%. Berry Global Group's 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.