Keeley Teton Advisors LLC Has $4.32 Million Stake in Berry Global Group, Inc. (NYSE:BERY)

Keeley Teton Advisors LLC increased its position in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) by 125.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 66,756 shares of the industrial products company's stock after buying an additional 37,181 shares during the period. Keeley Teton Advisors LLC owned 0.06% of Berry Global Group worth $4,317,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. UMB Bank n.a. lifted its position in shares of Berry Global Group by 89.0% during the 4th quarter. UMB Bank n.a. now owns 650 shares of the industrial products company's stock worth $42,000 after purchasing an additional 306 shares during the last quarter. Quadrant Capital Group LLC increased its position in Berry Global Group by 28.8% during the fourth quarter. Quadrant Capital Group LLC now owns 738 shares of the industrial products company's stock worth $48,000 after acquiring an additional 165 shares during the period. Steward Partners Investment Advisory LLC raised its stake in Berry Global Group by 3,569.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 844 shares of the industrial products company's stock valued at $55,000 after purchasing an additional 821 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in Berry Global Group by 463.5% in the 4th quarter. Venturi Wealth Management LLC now owns 1,065 shares of the industrial products company's stock valued at $69,000 after purchasing an additional 876 shares during the period. Finally, Atlas Capital Advisors Inc. grew its position in Berry Global Group by 7,390.9% in the 4th quarter. Atlas Capital Advisors Inc. now owns 1,648 shares of the industrial products company's stock worth $107,000 after purchasing an additional 1,626 shares during the last quarter. 95.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. 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 report on Friday, February 7th. StockNews.com initiated coverage on Berry Global Group in a research report on Friday. They issued a "buy" rating for the company. Finally, Truist Financial increased their price objective on shares of Berry Global Group from $74.00 to $76.00 and gave the company a "hold" rating in a research note on Monday, February 10th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $75.75.

Berry Global Group Price Performance

Shares of BERY traded up $0.78 during trading hours on Friday, hitting $67.60. The stock had a trading volume of 1,090,602 shares, compared to its average volume of 1,299,492. Berry Global Group, Inc. has a 52 week low of $55.68 and a 52 week high of $74.24. The stock has a market capitalization of $7.83 billion, a price-to-earnings ratio of 16.86, a P/E/G ratio of 1.54 and a beta of 1.14. The company's fifty day moving average is $69.42 and its two-hundred day moving average is $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.

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

Berry Global Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders 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 1.83%. Berry Global Group's payout ratio is 30.92%.

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.