Renaissance Technologies LLC Grows Position in Berry Global Group, Inc. (NYSE:BERY)

Renaissance Technologies LLC lifted its stake in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) by 10,599.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 324,937 shares of the industrial products company's stock after purchasing an additional 321,900 shares during the quarter. Renaissance Technologies LLC owned 0.28% of Berry Global Group worth $21,014,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd bought a new stake in Berry Global Group during the 3rd quarter worth approximately $440,000. Public Employees Retirement System of Ohio grew its holdings in shares of Berry Global Group by 8.7% in the third quarter. Public Employees Retirement System of Ohio now owns 55,785 shares of the industrial products company's stock worth $3,792,000 after purchasing an additional 4,458 shares during the last quarter. Barclays PLC boosted its position in Berry Global Group by 87.1% during 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 during the period. M&T Bank Corp raised its stake in shares of Berry Global Group by 3.1% during the third quarter. M&T Bank Corp now owns 5,832 shares of the industrial products company's stock valued at $396,000 after acquiring an additional 173 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Berry Global Group by 1.4% in the third quarter. Geode Capital Management LLC now owns 1,982,517 shares of the industrial products company's stock worth $134,806,000 after purchasing an additional 27,437 shares during the last quarter. Institutional investors own 95.36% of the company's stock.

Analysts Set New Price Targets

BERY has been the subject of several research analyst reports. StockNews.com started coverage on shares of Berry Global Group in a report on Friday. They issued a "buy" rating for the company. Truist Financial lifted their price target on shares of Berry Global Group from $74.00 to $76.00 and gave the company a "hold" rating in a research report on Monday, February 10th. Finally, UBS Group raised their target price 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. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $75.75.

Berry Global Group Price Performance

Shares of BERY stock traded up $0.78 on Friday, hitting $67.60. 1,090,602 shares of the stock traded hands, compared to its average volume of 1,296,681. The firm has a market cap of $7.83 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 1.54 and a beta of 1.14. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.61 and a quick ratio of 1.09. The firm has a 50 day simple moving average of $69.47 and a two-hundred day simple moving average of $68.51. Berry Global Group, Inc. has a 52 week low of $55.68 and a 52 week 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 3.99% and a return on equity of 28.26%. Berry Global Group's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.22 EPS. As a group, equities research analysts predict that Berry Global Group, Inc. will post 6.25 earnings per share for the current fiscal year.

Berry Global Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.31 per share. The ex-dividend date of this dividend 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 (DPR) is presently 30.92%.

Berry Global Group 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.