LSV Asset Management Lowers Holdings in Berry Global Group, Inc. (NYSE:BERY)

LSV Asset Management cut its stake in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,981,019 shares of the industrial products company's stock after selling 122,500 shares during the period. LSV Asset Management owned about 3.44% of Berry Global Group worth $257,452,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Greenleaf Trust increased its stake in Berry Global Group by 3.5% in the 4th quarter. Greenleaf Trust now owns 4,408 shares of the industrial products company's stock worth $285,000 after buying an additional 149 shares in the last quarter. Quadrant Capital Group LLC raised its stake in Berry Global Group by 28.8% during the 4th quarter. Quadrant Capital Group LLC now owns 738 shares of the industrial products company's stock valued at $48,000 after purchasing an additional 165 shares during the period. CIBC Asset Management Inc lifted its holdings in Berry Global Group by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 3,534 shares of the industrial products company's stock worth $229,000 after purchasing an additional 170 shares in the last quarter. M&T Bank Corp boosted its stake in Berry Global Group by 3.1% in the 3rd quarter. M&T Bank Corp now owns 5,832 shares of the industrial products company's stock worth $396,000 after purchasing an additional 173 shares during the period. Finally, Commonwealth Equity Services LLC grew its holdings in Berry Global Group by 2.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 10,033 shares of the industrial products company's stock valued at $649,000 after buying an additional 241 shares in the last quarter. Hedge funds and other institutional investors own 95.36% of the company's stock.

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Berry Global Group Trading Down 0.9 %

NYSE:BERY traded down $0.62 during mid-day trading on Tuesday, hitting $67.67. 477,738 shares of the stock traded hands, compared to its average volume of 1,291,023. The company has a quick ratio of 1.09, a current ratio of 1.61 and a debt-to-equity ratio of 3.35. Berry Global Group, Inc. has a 52 week low of $55.24 and a 52 week high of $74.24. The stock has a market capitalization of $7.84 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 1.54 and a beta of 1.14. The firm's 50 day moving average is $69.63 and its two-hundred day moving average is $68.53.

Berry Global Group (NYSE:BERY - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.00 by $0.09. The company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.35 billion. Berry Global Group had a return on equity of 28.26% and a net margin of 3.99%. Berry Global Group's quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.22 EPS. On average, equities research analysts predict that Berry Global Group, Inc. will post 6.25 earnings per share 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. 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 dividend payout ratio is currently 30.92%.

Analysts Set New Price Targets

BERY has been the subject of a number of research reports. Truist Financial upped 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 report on Monday, February 10th. UBS Group increased their price target on Berry Global Group from $72.00 to $73.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. Finally, StockNews.com began coverage on Berry Global Group in a report on Thursday, April 10th. They set a "buy" rating on the stock. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $74.56.

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.