Mint Tower Capital Management B.V. Takes Position in Berry Global Group, Inc. (NYSE:BERY)

Mint Tower Capital Management B.V. purchased a new stake in Berry Global Group, Inc. (NYSE:BERY - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,000 shares of the industrial products company's stock, valued at approximately $323,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in shares of Berry Global Group by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,982,517 shares of the industrial products company's stock worth $134,806,000 after acquiring an additional 27,437 shares during the period. Sound Income Strategies LLC boosted its position in shares of Berry Global Group by 13.4% during the fourth quarter. Sound Income Strategies LLC now owns 72,914 shares of the industrial products company's stock worth $4,715,000 after buying an additional 8,622 shares during the period. Hancock Whitney Corp bought a new position in Berry Global Group in the 3rd quarter worth approximately $1,065,000. Barclays PLC lifted its holdings in Berry Global Group by 87.1% in the third quarter. Barclays PLC now owns 101,956 shares of the industrial products company's stock worth $6,931,000 after purchasing an additional 47,476 shares during the period. Finally, Goldentree Asset Management LP bought a new stake in shares of Berry Global Group during the 3rd quarter worth about $24,288,000. 95.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BERY. UBS Group raised their target price 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. 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 report on Monday, February 10th. Finally, StockNews.com began coverage on shares of Berry Global Group in a report on Tuesday, March 25th. They set a "buy" rating for the company. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $74.56.

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Berry Global Group Stock Up 0.6 %

BERY stock traded up $0.39 during trading hours on Monday, hitting $69.86. The company's stock had a trading volume of 253,104 shares, compared to its average volume of 1,670,394. The company has a market capitalization of $8.09 billion, a PE ratio of 17.42, a price-to-earnings-growth ratio of 1.54 and a beta of 1.13. The stock has a 50 day moving average price of $70.20 and a two-hundred day moving average price of $68.64. 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 12 month low of $55.24 and a 12 month high of $74.24.

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 the consensus estimate of $1.00 by $0.09. Berry Global Group had a return on equity of 28.26% and a net margin of 3.99%. The company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter last year, the company posted $1.22 earnings per share. The company's revenue for the quarter was up 2.2% compared to the same quarter last year. On average, equities research analysts expect that Berry Global Group, Inc. will post 6.25 earnings per share for the current year.

Berry Global Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders 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 annualized dividend and a dividend yield of 1.78%. Berry Global Group's dividend payout ratio is 30.92%.

About Berry Global Group

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.