Segall Bryant & Hamill LLC Raises Stock Position in Berry Global Group, Inc. (NYSE:BERY)

Segall Bryant & Hamill LLC boosted its holdings in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) by 3.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 164,128 shares of the industrial products company's stock after purchasing an additional 5,144 shares during the period. Segall Bryant & Hamill LLC owned about 0.14% of Berry Global Group worth $10,614,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its stake in shares of 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 worth $42,000 after purchasing an additional 306 shares during the period. Steward Partners Investment Advisory LLC boosted its position in Berry Global Group by 3,569.6% during 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 in the last quarter. Venturi Wealth Management LLC grew its holdings in Berry Global Group by 463.5% in 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. Harvest Fund Management Co. Ltd increased its position in shares of Berry Global Group by 25,814.3% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 1,814 shares of the industrial products company's stock valued at $117,000 after buying an additional 1,807 shares in the last quarter. Finally, Merit Financial Group LLC acquired a new position in shares of Berry Global Group during the 4th quarter worth approximately $200,000. 95.36% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of research analysts have recently issued reports on BERY shares. 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 report on Friday, February 7th. StockNews.com began coverage on shares of Berry Global Group in a report on Tuesday, March 25th. They set a "buy" rating on the stock. Finally, Truist Financial boosted their target price on shares of Berry Global Group from $74.00 to $76.00 and gave the stock a "hold" rating in a research note on Monday, February 10th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $74.56.

Berry Global Group Price Performance

Shares of NYSE:BERY traded up $0.44 during midday trading on Monday, hitting $69.91. The company's stock had a trading volume of 1,221,107 shares, compared to its average volume of 1,232,892. The company has a market cap of $8.10 billion, a P/E ratio of 17.43, a price-to-earnings-growth ratio of 1.54 and a beta of 1.13. Berry Global Group, Inc. has a 12-month low of $55.24 and a 12-month high of $74.24. The business's 50 day simple moving average is $70.24 and its 200 day simple moving average is $68.67. The company has a debt-to-equity ratio of 3.35, a quick ratio of 1.09 and a current ratio of 1.61.

Berry Global Group (NYSE:BERY - Get Free Report) last released its earnings results on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates of $1.00 by $0.09. The business had revenue of $2.39 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the company posted $1.22 EPS. On average, analysts forecast that Berry Global Group, Inc. will post 6.25 EPS for the current year.

Berry Global Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.77%. The ex-dividend date was Monday, March 3rd. Berry Global Group's payout ratio is currently 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.