Scotia Capital Inc. Sells 4,910 Shares of Berry Global Group, Inc. (NYSE:BERY)

Scotia Capital Inc. decreased its position in Berry Global Group, Inc. (NYSE:BERY - Free Report) by 2.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 186,327 shares of the industrial products company's stock after selling 4,910 shares during the period. Scotia Capital Inc. owned approximately 0.16% of Berry Global Group worth $12,050,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of BERY. UMB Bank n.a. increased 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 valued at $42,000 after buying an additional 306 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of Berry Global Group by 28.8% in the fourth quarter. Quadrant Capital Group LLC now owns 738 shares of the industrial products company's stock valued at $48,000 after purchasing an additional 165 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in Berry Global Group by 3,569.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 844 shares of the industrial products company's stock worth $55,000 after purchasing an additional 821 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in Berry Global Group by 463.5% during the fourth quarter. Venturi Wealth Management LLC now owns 1,065 shares of the industrial products company's stock valued at $69,000 after purchasing an additional 876 shares during the period. Finally, Atlas Capital Advisors Inc. lifted its position in shares of Berry Global Group by 7,390.9% during the fourth quarter. Atlas Capital Advisors Inc. now owns 1,648 shares of the industrial products company's stock worth $107,000 after acquiring an additional 1,626 shares in the last quarter. 95.36% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

BERY has been the topic of several research analyst reports. Truist Financial boosted their target price on Berry Global Group from $74.00 to $76.00 and gave the company a "hold" rating in a research note on Monday, February 10th. StockNews.com initiated coverage on Berry Global Group in a report on Thursday, April 10th. They issued a "buy" rating on the stock. Finally, UBS Group lifted their price target on Berry Global Group from $72.00 to $73.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $74.56.

Berry Global Group Stock Down 0.5 %

BERY stock traded down $0.34 during mid-day trading on Wednesday, reaching $67.15. The company had a trading volume of 160,261 shares, compared to its average volume of 1,291,327. 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 stock has a 50 day simple moving average of $69.58 and a two-hundred day simple moving average of $68.52. The company has a market capitalization of $7.78 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 1.54 and a beta of 1.14. Berry Global Group, Inc. has a 52 week low of $55.24 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 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 period in the prior year, the company posted $1.22 EPS. The company's revenue was up 2.2% on a year-over-year basis. As a group, equities analysts predict that Berry Global Group, Inc. will post 6.25 earnings per share for the current fiscal year.

Berry Global Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.85%. The ex-dividend date was Monday, March 3rd. Berry Global Group's dividend payout ratio is 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.