Illinois Municipal Retirement Fund Has $3.33 Million Holdings in Berry Global Group, Inc. (NYSE:BERY)

Illinois Municipal Retirement Fund raised its holdings in Berry Global Group, Inc. (NYSE:BERY - Free Report) by 19.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 51,440 shares of the industrial products company's stock after acquiring an additional 8,342 shares during the period. Illinois Municipal Retirement Fund's holdings in Berry Global Group were worth $3,327,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of BERY. UMB Bank n.a. grew its position in shares of Berry Global Group by 89.0% in the 4th 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. Venturi Wealth Management LLC lifted its stake in Berry Global Group by 463.5% in the fourth 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 in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Berry Global Group in the third quarter valued at approximately $75,000. Merit Financial Group LLC bought a new stake in shares of Berry Global Group during the fourth quarter worth $200,000. Finally, Townsquare Capital LLC acquired a new stake in shares of Berry Global Group during the third quarter worth $201,000. 95.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on BERY shares. JPMorgan Chase & Co. reiterated an "overweight" rating and set a $76.00 target price (up previously from $70.00) on shares of Berry Global Group in a report on Monday, November 25th. Citigroup reaffirmed a "neutral" rating and set a $76.00 price objective on shares of Berry Global Group in a research report on Monday, November 25th. StockNews.com began coverage on Berry Global Group in a research report on Saturday. They issued a "buy" rating on the stock. UBS Group upped their price target on Berry Global Group from $72.00 to $73.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. Finally, Barclays lifted their price objective on shares of Berry Global Group from $64.00 to $75.00 and gave the company an "equal weight" rating in a report on Wednesday, November 27th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $74.56.

Remove Ads

Berry Global Group Stock Up 0.6 %

Shares of NYSE:BERY traded up $0.45 during midday trading on Friday, hitting $72.15. The stock had a trading volume of 2,513,586 shares, compared to its average volume of 1,150,792. The company has a market cap of $8.35 billion, a P/E ratio of 17.99, a PEG ratio of 1.54 and a beta of 1.15. Berry Global Group, Inc. has a 12 month low of $55.24 and a 12 month high of $73.31. The business's 50-day simple moving average is $68.24 and its 200-day simple moving average is $68.07. The company has a quick ratio of 1.09, a current ratio of 1.61 and a debt-to-equity ratio of 3.35.

Berry Global Group (NYSE:BERY - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.09. The company had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.35 billion. Berry Global Group had a net margin of 3.99% and a return on equity of 28.26%. The company's quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.22 EPS. On average, sell-side analysts forecast that Berry Global Group, Inc. will post 6.25 earnings per share for the current fiscal year.

Berry Global Group Announces Dividend

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

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.