Legal & General Group Plc Has $11.72 Million Holdings in Berry Global Group, Inc. (NYSE:BERY)

Legal & General Group Plc lessened its position in Berry Global Group, Inc. (NYSE:BERY - Free Report) by 5.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 181,296 shares of the industrial products company's stock after selling 9,870 shares during the period. Legal & General Group Plc owned approximately 0.16% of Berry Global Group worth $11,724,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Barclays PLC increased its position in shares of Berry Global Group by 87.1% in the 3rd quarter. Barclays PLC now owns 101,956 shares of the industrial products company's stock valued at $6,931,000 after buying an additional 47,476 shares in the last quarter. M&T Bank Corp increased its holdings in shares of Berry Global Group by 3.1% in the third quarter. M&T Bank Corp now owns 5,832 shares of the industrial products company's stock worth $396,000 after acquiring an additional 173 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Berry Global Group during the 3rd quarter valued at about $389,000. Wilmington Savings Fund Society FSB bought a new position in shares of Berry Global Group during the 3rd quarter valued at about $463,000. Finally, Tidal Investments LLC grew its position 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 valued at $2,129,000 after purchasing an additional 13,004 shares during the period. 95.36% of the stock is currently owned by institutional investors and hedge funds.

Berry Global Group Stock Up 2.9 %

Shares of NYSE BERY traded up $1.92 during trading hours on Tuesday, hitting $68.95. The company had a trading volume of 795,182 shares, compared to its average volume of 1,300,808. Berry Global Group, Inc. has a 1-year low of $55.68 and a 1-year high of $74.24. 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's 50 day moving average is $69.33 and its 200-day moving average is $68.55. The stock has a market capitalization of $7.98 billion, a P/E ratio of 17.20, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14.

Berry Global Group (NYSE:BERY - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $2.39 billion during 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%. The company's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.22 earnings per share. On average, analysts expect that Berry Global Group, Inc. will post 6.25 earnings per share for the current fiscal year.

Berry Global Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.31 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.24 annualized dividend and a yield of 1.80%. Berry Global Group's dividend payout ratio is 30.92%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. 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 research note on Friday, February 7th. Truist Financial reduced their target price on shares of Berry Global Group from $76.00 to $71.00 and set a "hold" rating for the company in a research note on Tuesday. Finally, StockNews.com initiated coverage on Berry Global Group in a research note on Friday. They issued a "buy" rating on the stock. Six 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.com, the stock has a consensus rating of "Hold" and a consensus target price of $75.13.

Berry Global Group Company 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.