505,847 Shares in Berry Global Group, Inc. (NYSE:BERY) Acquired by KRYGER CAPITAL Ltd

KRYGER CAPITAL Ltd purchased a new position in Berry Global Group, Inc. (NYSE:BERY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 505,847 shares of the industrial products company's stock, valued at approximately $32,713,000. Berry Global Group comprises about 8.5% of KRYGER CAPITAL Ltd's portfolio, making the stock its 5th biggest holding. KRYGER CAPITAL Ltd owned approximately 0.44% of Berry Global Group at the end of the most recent quarter.

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

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Wall Street Analysts Forecast Growth

BERY has been the subject of several recent research reports. 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 report on Monday, February 10th. StockNews.com started coverage on shares of Berry Global Group in a research report on Thursday, April 10th. They issued a "buy" rating for the company. Finally, UBS Group boosted their price target 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. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $74.56.

Berry Global Group Stock Performance

Shares of NYSE:BERY traded down $0.77 on Tuesday, reaching $67.52. 1,136,986 shares of the company's stock were exchanged, compared to its average volume of 1,293,595. Berry Global Group, Inc. has a fifty-two week low of $55.24 and a fifty-two week high of $74.24. The business's 50-day moving average is $69.63 and its two-hundred day moving average is $68.53. The company has a quick ratio of 1.09, a current ratio of 1.61 and a debt-to-equity ratio of 3.35. The firm has a market capitalization of $7.82 billion, a price-to-earnings ratio of 16.84, a PEG ratio of 1.54 and a beta of 1.14.

Berry Global Group (NYSE:BERY - Get Free Report) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.00 by $0.09. The firm 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%. Berry Global Group's revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the company posted $1.22 earnings per share. As a group, equities research analysts forecast that Berry Global Group, Inc. will post 6.25 EPS for the current year.

Berry Global Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend was Monday, March 3rd. 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.