Russell Investments Group Ltd. grew its stake in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) by 38.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,563 shares of the industrial products company's stock after acquiring an additional 20,037 shares during the quarter. Russell Investments Group Ltd. owned about 0.06% of Berry Global Group worth $4,693,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of BERY. Greenleaf Trust lifted 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 worth $285,000 after buying an additional 149 shares during the period. CIBC Asset Management Inc raised its stake 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 acquiring an additional 170 shares during the last quarter. M&T Bank Corp lifted its position 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 acquiring an additional 173 shares during the period. Commonwealth Equity Services LLC lifted its position 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 worth $649,000 after acquiring an additional 241 shares during the period. Finally, UMB Bank n.a. grew its stake 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 purchasing an additional 306 shares during the last quarter. 95.36% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
BERY has been the subject of several research analyst reports. UBS Group raised their price objective on Berry Global Group from $72.00 to $73.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. Truist Financial lifted their price objective on shares of Berry Global Group from $74.00 to $76.00 and gave the company a "hold" rating in a research note on Monday, February 10th. Finally, StockNews.com assumed coverage on shares of Berry Global Group in a research note on Friday. They issued a "buy" rating on the stock. Six 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 stock presently has an average rating of "Hold" and an average price target of $75.75.
Read Our Latest Stock Analysis on Berry Global Group
Berry Global Group Stock Performance
NYSE BERY traded up $0.78 during mid-day trading on Friday, reaching $67.60. 1,090,602 shares of the stock were exchanged, compared to its average volume of 1,298,240. Berry Global Group, Inc. has a 1 year low of $55.68 and a 1 year high of $74.24. The company has a debt-to-equity ratio of 3.35, a quick ratio of 1.09 and a current ratio of 1.61. The business's 50 day moving average is $69.47 and its 200-day moving average is $68.51. The company has a market capitalization of $7.83 billion, a P/E ratio of 16.86, a P/E/G ratio of 1.54 and a beta of 1.14.
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, 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 business had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same period in the prior year, the company posted $1.22 EPS. The company's revenue for the quarter was up 2.2% on a year-over-year basis. On average, equities research analysts forecast that Berry Global Group, Inc. will post 6.25 EPS for the current fiscal year.
Berry Global Group Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.83%. The ex-dividend date was Monday, March 3rd. Berry Global Group's payout ratio is 30.92%.
About Berry Global Group
(
Free Report)
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.
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