Berry Global Group, Inc. (NYSE:BERY) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC grew its position in Berry Global Group, Inc. (NYSE:BERY - Free Report) by 0.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,989,350 shares of the industrial products company's stock after buying an additional 6,833 shares during the quarter. Geode Capital Management LLC owned 1.72% of Berry Global Group worth $128,691,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in BERY. BNP Paribas Financial Markets raised its holdings in shares of Berry Global Group by 36.2% in the third quarter. BNP Paribas Financial Markets now owns 14,408 shares of the industrial products company's stock worth $979,000 after buying an additional 3,830 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Berry Global Group by 41.2% during the third quarter. Quantinno Capital Management LP now owns 30,419 shares of the industrial products company's stock worth $2,068,000 after purchasing an additional 8,875 shares during the period. State Street Corp lifted its position in Berry Global Group by 10.4% during the third quarter. State Street Corp now owns 3,831,824 shares of the industrial products company's stock valued at $260,487,000 after purchasing an additional 360,857 shares during the period. XTX Topco Ltd raised its position in Berry Global Group by 51.7% during the third quarter. XTX Topco Ltd now owns 16,367 shares of the industrial products company's stock valued at $1,113,000 after acquiring an additional 5,578 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in Berry Global Group in the third quarter valued at approximately $440,000. Institutional investors own 95.36% of the company's stock.

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Analysts Set New Price Targets

Several equities analysts have recently weighed in on BERY shares. Truist Financial lifted their target price on shares of Berry Global Group from $74.00 to $76.00 and gave the company a "hold" rating in a report on Monday, February 10th. StockNews.com initiated coverage on shares of Berry Global Group in a report on Thursday. They set a "buy" rating for the company. Finally, UBS Group upped their price target on Berry Global Group from $72.00 to $73.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Berry Global Group currently has an average rating of "Hold" and an average target price of $74.56.

Berry Global Group Trading Up 0.8 %

Shares of BERY stock traded up $0.53 on Monday, hitting $67.61. The stock had a trading volume of 157,361 shares, compared to its average volume of 1,282,725. The company's 50 day moving average price is $69.69 and its 200-day moving average price is $68.53. Berry Global Group, Inc. has a 1 year low of $55.24 and a 1 year high of $74.24. The firm has a market capitalization of $7.83 billion, a P/E ratio of 16.86, a P/E/G ratio of 1.54 and a beta of 1.14. 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 (NYSE:BERY - Get Free Report) last issued its quarterly 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. The business 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%. The business's quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.22 earnings per share. Analysts anticipate that Berry Global Group, Inc. will post 6.25 earnings per share for the current year.

Berry Global Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date was Monday, March 3rd. Berry Global Group's dividend 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.