New York State Teachers Retirement System Raises Stock Position in Berry Global Group, Inc. (NYSE:BERY)

New York State Teachers Retirement System boosted its holdings in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) by 15.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,145 shares of the industrial products company's stock after acquiring an additional 12,296 shares during the period. New York State Teachers Retirement System owned 0.08% of Berry Global Group worth $5,959,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. UMB Bank n.a. lifted its position in Berry Global Group by 89.0% during the 4th quarter. UMB Bank n.a. now owns 650 shares of the industrial products company's stock valued at $42,000 after acquiring an additional 306 shares during the period. Capital Performance Advisors LLP purchased a new position in Berry Global Group in the third quarter worth about $75,000. SG Americas Securities LLC purchased a new position in Berry Global Group in the third quarter worth about $152,000. Townsquare Capital LLC bought a new stake in shares of Berry Global Group in the third quarter worth approximately $201,000. Finally, W.G. Shaheen & Associates DBA Whitney & Co bought a new stake in shares of Berry Global Group in the third quarter worth approximately $206,000. 95.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BERY has been the subject of a number of research analyst reports. UBS Group lifted their price target on shares of Berry Global Group from $72.00 to $73.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. JPMorgan Chase & Co. restated an "overweight" rating and set a $76.00 target price (up from $70.00) on shares of Berry Global Group in a research report on Monday, November 25th. Barclays boosted their target price on shares of Berry Global Group from $64.00 to $75.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 27th. StockNews.com assumed coverage on shares of Berry Global Group in a research report on Friday. They set a "buy" rating for the company. Finally, Royal Bank of Canada boosted their target price on shares of Berry Global Group from $69.00 to $73.00 and gave the company a "sector perform" rating in a research report on Thursday, November 21st. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $74.56.

Berry Global Group Stock Performance

NYSE BERY traded down $1.05 on Friday, hitting $71.68. 1,853,952 shares of the company's stock traded hands, compared to its average volume of 1,390,967. The company has a current ratio of 1.61, a quick ratio of 1.09 and a debt-to-equity ratio of 3.35. Berry Global Group, Inc. has a 1-year low of $55.24 and a 1-year high of $73.31. The firm's 50-day moving average price is $67.59 and its two-hundred day moving average price is $67.72. The firm has a market capitalization of $8.30 billion, a PE ratio of 17.88, a P/E/G ratio of 1.57 and a beta of 1.15.

Berry Global Group (NYSE:BERY - Get Free Report) last posted its earnings results on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business's revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.22 EPS. As a group, analysts expect that Berry Global Group, Inc. will post 6.25 EPS for the current year.

Berry Global Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Monday, March 3rd. Berry Global Group's payout ratio is presently 30.92%.

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.