Leeward Investments LLC MA Cuts Stock Position in Berry Global Group, Inc. (NYSE:BERY)

Leeward Investments LLC MA lowered its stake in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,721 shares of the industrial products company's stock after selling 4,384 shares during the quarter. Leeward Investments LLC MA owned about 0.11% of Berry Global Group worth $8,260,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Olympiad Research LP acquired a new stake in Berry Global Group during the fourth quarter worth about $1,450,000. Hudson Edge Investment Partners Inc. lifted its holdings in shares of Berry Global Group by 1.8% during the 4th quarter. Hudson Edge Investment Partners Inc. now owns 80,641 shares of the industrial products company's stock worth $5,215,000 after acquiring an additional 1,416 shares during the period. Wolverine Asset Management LLC acquired a new stake in shares of Berry Global Group during the 4th quarter worth approximately $815,000. ING Groep NV bought a new position in Berry Global Group in the fourth quarter valued at approximately $5,180,000. Finally, Handelsbanken Fonder AB raised its position in Berry Global Group by 5.3% during the fourth quarter. Handelsbanken Fonder AB now owns 30,060 shares of the industrial products company's stock valued at $1,944,000 after purchasing an additional 1,500 shares in the last quarter. Institutional investors and hedge funds own 95.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on BERY shares. StockNews.com began coverage on Berry Global Group in a report on Friday, February 21st. They issued a "buy" rating on the stock. Royal Bank of Canada raised their price target on shares of Berry Global Group from $69.00 to $73.00 and gave the company a "sector perform" rating in a research note on Thursday, November 21st. UBS Group lifted their price target on shares of Berry Global Group from $72.00 to $73.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Barclays increased 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 research note on Wednesday, November 27th. Finally, Truist Financial boosted their target price on shares of Berry Global Group from $74.00 to $76.00 and gave the stock a "hold" rating in a research note on Monday, February 10th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $74.56.

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Berry Global Group Trading Down 0.3 %

NYSE:BERY traded down $0.20 on Thursday, reaching $71.76. 2,518,944 shares of the stock traded hands, compared to its average volume of 1,498,688. The firm has a market capitalization of $8.31 billion, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 1.54 and a beta of 1.15. Berry Global Group, Inc. has a 1-year low of $55.24 and a 1-year high of $73.31. The company has a current ratio of 1.61, a quick ratio of 1.09 and a debt-to-equity ratio of 3.35. The company's 50 day moving average is $67.94 and its 200-day moving average is $67.94.

Berry Global Group (NYSE:BERY - Get Free Report) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter last year, the firm earned $1.22 earnings per share. Berry Global Group's quarterly revenue was up 2.2% on a year-over-year basis. Equities research analysts anticipate that Berry Global Group, Inc. will post 6.25 EPS for the current fiscal year.

Berry Global Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Monday, March 3rd. Berry Global Group's dividend payout ratio is currently 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.