JPMorgan Chase & Co. raised its stake in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) by 41.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 605,772 shares of the industrial products company's stock after buying an additional 178,287 shares during the period. JPMorgan Chase & Co. owned about 0.52% of Berry Global Group worth $39,175,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of BERY. Geode Capital Management LLC increased its position in Berry Global Group by 1.4% during the third 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 last quarter. Sound Income Strategies LLC grew its stake in shares of Berry Global Group by 13.4% during the 4th quarter. Sound Income Strategies LLC now owns 72,914 shares of the industrial products company's stock valued at $4,715,000 after purchasing an additional 8,622 shares during the period. Barclays PLC grew its stake in shares of Berry Global Group by 87.1% during the 3rd quarter. Barclays PLC now owns 101,956 shares of the industrial products company's stock valued at $6,931,000 after purchasing an additional 47,476 shares during the period. SG Americas Securities LLC increased its position in shares of Berry Global Group by 333.1% during the 4th quarter. SG Americas Securities LLC now owns 9,697 shares of the industrial products company's stock valued at $627,000 after purchasing an additional 7,458 shares during the last quarter. Finally, Tidal Investments LLC lifted its stake in shares of Berry Global Group by 71.0% in the 3rd quarter. Tidal Investments LLC now owns 31,325 shares of the industrial products company's stock worth $2,129,000 after purchasing an additional 13,004 shares during the period. 95.36% of the stock is owned by institutional investors.
Berry Global Group Price Performance
Shares of Berry Global Group stock traded up $2.62 during trading hours on Friday, reaching $67.12. The company's stock had a trading volume of 2,656,284 shares, compared to its average volume of 1,286,835. The firm has a 50 day moving average price of $69.69 and a 200-day moving average price of $68.53. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.61 and a quick ratio of 1.09. The stock has a market cap of $7.77 billion, a P/E ratio of 16.74, a P/E/G ratio of 1.54 and a beta of 1.14. Berry Global Group, Inc. has a one year low of $55.24 and a one year high of $74.24.
Berry Global Group (NYSE:BERY - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.09 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter last year, the business posted $1.22 earnings per share. The firm's revenue was up 2.2% on a year-over-year basis. On average, analysts predict that Berry Global Group, Inc. will post 6.25 EPS for the current year.
Berry Global Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.31 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.24 dividend on an annualized basis and a yield of 1.85%. Berry Global Group's dividend payout ratio is presently 30.92%.
Wall Street Analyst Weigh In
BERY has been the subject of a number of research reports. StockNews.com assumed coverage on shares of Berry Global Group in a report on Thursday. They set a "buy" rating for the company. UBS Group upped their price objective on Berry Global Group from $72.00 to $73.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. Finally, Truist Financial lifted their target price 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. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $74.56.
Read Our Latest Analysis on BERY
About Berry Global Group
(
Free Report)
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.
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