Thrivent Financial for Lutherans Has $1.74 Million Position in Berry Global Group, Inc. (NYSE:BERY)

Thrivent Financial for Lutherans reduced its holdings in Berry Global Group, Inc. (NYSE:BERY - Free Report) by 30.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,965 shares of the industrial products company's stock after selling 11,745 shares during the quarter. Thrivent Financial for Lutherans' holdings in Berry Global Group were worth $1,744,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of BERY. Charles Schwab Investment Management Inc. raised its holdings in Berry Global Group by 2.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 835,915 shares of the industrial products company's stock worth $56,826,000 after buying an additional 18,736 shares during the period. Cerity Partners LLC increased its position in shares of Berry Global Group by 171.2% during the third quarter. Cerity Partners LLC now owns 14,316 shares of the industrial products company's stock worth $973,000 after acquiring an additional 9,037 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Berry Global Group by 24.5% during the third quarter. Bank of Montreal Can now owns 251,873 shares of the industrial products company's stock worth $17,349,000 after acquiring an additional 49,609 shares during the period. FMR LLC lifted its position in Berry Global Group by 38.4% in the 3rd quarter. FMR LLC now owns 3,807,317 shares of the industrial products company's stock valued at $258,821,000 after acquiring an additional 1,055,756 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Berry Global Group by 36.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 14,408 shares of the industrial products company's stock worth $979,000 after purchasing an additional 3,830 shares during the period. Institutional investors and hedge funds own 95.36% of the company's stock.

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Berry Global Group Stock Up 0.2 %

Shares of NYSE:BERY traded up $0.17 during trading on Wednesday, hitting $70.71. 1,409,647 shares of the company were exchanged, compared to its average volume of 1,243,183. The stock has a market cap of $8.19 billion, a price-to-earnings ratio of 17.63, a P/E/G ratio of 1.54 and a beta of 1.13. Berry Global Group, Inc. has a fifty-two week low of $55.24 and a fifty-two week high of $74.24. The firm has a fifty day moving average price of $70.34 and a two-hundred day moving average price of $68.72. The company has a current ratio of 1.61, a quick ratio of 1.09 and a debt-to-equity ratio of 3.35.

Berry Global Group (NYSE:BERY - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.00 by $0.09. Berry Global Group had a return on equity of 28.26% and a net margin of 3.99%. The business had revenue of $2.39 billion for the quarter, compared to analysts' expectations of $2.35 billion. During the same quarter in the prior year, the business earned $1.22 EPS. The firm's revenue for the quarter was up 2.2% on a year-over-year basis. As a group, research analysts anticipate 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 announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend was Monday, March 3rd. Berry Global Group's payout ratio is 30.92%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BERY shares. UBS Group lifted their price target 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. StockNews.com began coverage on Berry Global Group in a research report on Wednesday. They issued a "buy" rating on the stock. Finally, Truist Financial upped their price target on Berry Global Group from $74.00 to $76.00 and gave the stock a "hold" rating in a research report 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 stock currently has an average rating of "Hold" and an average target price of $74.56.

About Berry Global Group

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.