Mitsubishi UFJ Trust & Banking Corp Has $1.84 Million Stock Holdings in Berry Global Group, Inc. (NYSE:BERY)

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) by 50.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,519 shares of the industrial products company's stock after selling 28,576 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Berry Global Group were worth $1,844,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Greenleaf Trust raised its stake in shares of Berry Global Group by 3.5% during the fourth quarter. Greenleaf Trust now owns 4,408 shares of the industrial products company's stock valued at $285,000 after purchasing an additional 149 shares during the period. CIBC Asset Management Inc grew its holdings in Berry Global Group by 5.1% during the 4th quarter. CIBC Asset Management Inc now owns 3,534 shares of the industrial products company's stock valued at $229,000 after purchasing an additional 170 shares in the last quarter. M&T Bank Corp increased its stake in Berry Global Group by 3.1% during the 3rd quarter. M&T Bank Corp now owns 5,832 shares of the industrial products company's stock worth $396,000 after buying an additional 173 shares during the period. Commonwealth Equity Services LLC lifted its holdings in Berry Global Group by 2.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 10,033 shares of the industrial products company's stock worth $649,000 after buying an additional 241 shares in the last quarter. Finally, UMB Bank n.a. lifted 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 worth $42,000 after buying an additional 306 shares in the last quarter. 95.36% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Berry Global Group Stock Performance

BERY stock traded down $2.47 during mid-day trading on Friday, reaching $66.34. The company had a trading volume of 2,319,155 shares, compared to its average volume of 1,247,411. Berry Global Group, Inc. has a one year low of $55.24 and a one year high of $74.24. The stock has a market capitalization of $7.68 billion, a P/E ratio of 16.54, a P/E/G ratio of 1.54 and a beta of 1.14. 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 stock's 50-day simple moving average is $70.31 and its two-hundred day simple moving average is $68.73.

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

Berry Global Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend was Monday, March 3rd. Berry Global Group's dividend payout ratio (DPR) is presently 30.92%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. StockNews.com assumed coverage on Berry Global Group in a report on Wednesday. They issued a "buy" rating for the company. UBS Group increased 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. Finally, Truist Financial raised their price target 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. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average 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.