Berry Global Group, Inc. (NYSE:BERY) Shares Sold by Sei Investments Co.

Sei Investments Co. trimmed its stake in Berry Global Group, Inc. (NYSE:BERY - Free Report) by 2.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 227,055 shares of the industrial products company's stock after selling 5,109 shares during the period. Sei Investments Co. owned approximately 0.20% of Berry Global Group worth $14,684,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Greenleaf Trust lifted its position in Berry Global Group by 3.5% in 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 last quarter. CIBC Asset Management Inc lifted its holdings in shares of 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 holdings in shares of Berry Global Group by 3.1% in 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 last quarter. Commonwealth Equity Services LLC boosted its stake in shares of 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 purchasing an additional 241 shares during the period. Finally, UMB Bank n.a. grew its holdings 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 owned by institutional investors.

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Berry Global Group Stock Up 0.2 %

NYSE:BERY traded up $0.17 during mid-day trading on Wednesday, reaching $70.71. The company's stock had a trading volume of 1,409,647 shares, compared to its average volume of 1,243,183. The company has a quick ratio of 1.09, a current ratio of 1.61 and a debt-to-equity ratio of 3.35. The firm has a market capitalization of $8.19 billion, a PE ratio of 17.63, a price-to-earnings-growth ratio of 1.54 and a beta of 1.13. The stock has a fifty day moving average of $70.34 and a 200-day moving average of $68.72. Berry Global Group, Inc. has a 1 year low of $55.24 and a 1 year high of $74.24.

Berry Global Group (NYSE:BERY - Get Free Report) last issued its quarterly earnings data 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 company 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%. Berry Global Group's revenue was up 2.2% compared to the same quarter last year. During the same period last year, the company posted $1.22 earnings per share. Equities research analysts forecast that Berry Global Group, Inc. will post 6.25 earnings per share for the current year.

Berry Global Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.24 annualized dividend and a dividend yield of 1.75%. Berry Global Group's dividend payout ratio (DPR) is presently 30.92%.

Analysts Set New Price Targets

A number of research firms have recently commented on BERY. UBS Group upped their target price on Berry Global Group from $72.00 to $73.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. Truist Financial upped their price objective on 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, StockNews.com began coverage on Berry Global Group in a research report on Wednesday. They set a "buy" rating for the company. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $74.56.

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.