Berry Global Group, Inc. (NYSE:BERY) Shares Sold by Coyle Financial Counsel LLC

Coyle Financial Counsel LLC decreased its position in Berry Global Group, Inc. (NYSE:BERY - Free Report) by 17.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,113 shares of the industrial products company's stock after selling 4,565 shares during the quarter. Coyle Financial Counsel LLC's holdings in Berry Global Group were worth $1,430,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Greenleaf Trust lifted its position in Berry Global Group by 3.5% in the fourth quarter. Greenleaf Trust now owns 4,408 shares of the industrial products company's stock valued at $285,000 after acquiring an additional 149 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Berry Global Group by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 3,534 shares of the industrial products company's stock valued at $229,000 after purchasing an additional 170 shares during the last quarter. M&T Bank Corp grew its stake in Berry Global Group by 3.1% during the 3rd quarter. M&T Bank Corp now owns 5,832 shares of the industrial products company's stock worth $396,000 after buying an additional 173 shares during the last quarter. Creative Planning increased its position in Berry Global Group by 3.0% during the third quarter. Creative Planning now owns 6,827 shares of the industrial products company's stock worth $464,000 after buying an additional 198 shares during the period. Finally, UMB Bank n.a. lifted its stake 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 buying an additional 306 shares during the last quarter. 95.36% of the stock is currently owned by hedge funds and other institutional investors.

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Berry Global Group Stock Up 0.6 %

Shares of NYSE:BERY traded up $0.45 during trading on Friday, hitting $72.15. The company's stock had a trading volume of 2,513,586 shares, compared to its average volume of 1,149,540. The company has a market capitalization of $8.35 billion, a PE ratio of 17.99, a PEG ratio of 1.54 and a beta of 1.15. Berry Global Group, Inc. has a fifty-two week low of $55.24 and a fifty-two week high of $73.31. 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 $68.08 and its two-hundred day moving average price is $67.96.

Berry Global Group (NYSE:BERY - Get Free Report) last announced 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. Berry Global Group had a return on equity of 28.26% and a net margin of 3.99%. The company had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same period in the prior year, the company posted $1.22 EPS. Berry Global Group's quarterly revenue was up 2.2% on a year-over-year basis. As a group, sell-side analysts expect that Berry Global Group, Inc. will post 6.25 EPS for the current year.

Berry Global Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.31 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.24 annualized dividend and a dividend yield of 1.72%. Berry Global Group's payout ratio is 30.92%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Barclays raised their target price on shares of Berry Global Group from $64.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 27th. Citigroup restated a "neutral" rating and issued a $76.00 price objective on shares of Berry Global Group in a research note on Monday, November 25th. StockNews.com initiated coverage on shares of Berry Global Group in a research note on Friday, February 21st. They set a "buy" rating for the company. Truist Financial boosted their price target on Berry Global Group from $74.00 to $76.00 and gave the company a "hold" rating in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a $76.00 price objective (up from $70.00) on shares of Berry Global Group in a research note on Monday, November 25th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $74.56.

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.