US Bancorp DE Acquires 4,960 Shares of Berry Global Group, Inc. (NYSE:BERY)

US Bancorp DE increased its holdings in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) by 133.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,685 shares of the industrial products company's stock after buying an additional 4,960 shares during the quarter. US Bancorp DE's holdings in Berry Global Group were worth $562,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in shares of Berry Global Group by 1.4% in the third quarter. Geode Capital Management LLC now owns 1,982,517 shares of the industrial products company's stock worth $134,806,000 after acquiring an additional 27,437 shares during the last quarter. Sound Income Strategies LLC increased its position in Berry Global Group by 13.4% during the 4th quarter. Sound Income Strategies LLC now owns 72,914 shares of the industrial products company's stock worth $4,715,000 after purchasing an additional 8,622 shares in the last quarter. Hancock Whitney Corp bought a new position in Berry Global Group in the 3rd quarter valued at approximately $1,065,000. Integrated Investment Consultants LLC acquired a new stake in Berry Global Group in the third quarter valued at approximately $714,000. Finally, Barclays PLC grew its stake in shares of Berry Global Group by 87.1% during the third quarter. Barclays PLC now owns 101,956 shares of the industrial products company's stock worth $6,931,000 after buying an additional 47,476 shares during the last quarter. 95.36% of the stock is owned by institutional investors and hedge funds.

Berry Global Group Trading Down 1.7 %

NYSE:BERY opened at $71.60 on Wednesday. Berry Global Group, Inc. has a 52 week low of $55.24 and a 52 week 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 firm's fifty day moving average is $69.08 and its 200-day moving average is $68.39. The firm has a market cap of $8.29 billion, a P/E ratio of 17.86, a P/E/G ratio of 1.54 and a beta of 1.13.

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Berry Global Group (NYSE:BERY - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.09 EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $2.35 billion. During the same quarter in the prior year, the firm posted $1.22 earnings per share. The business's quarterly revenue was up 2.2% compared to the same quarter last year. Equities analysts expect that Berry Global Group, Inc. will post 6.25 earnings per share for the current year.

Berry Global Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.24 annualized dividend and a yield of 1.73%. Berry Global Group's dividend payout ratio is currently 30.92%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on BERY shares. JPMorgan Chase & Co. reiterated an "overweight" rating and issued a $76.00 target price (up from $70.00) on shares of Berry Global Group in a research report on Monday, November 25th. Barclays raised their price objective on shares of Berry Global Group from $64.00 to $75.00 and gave the company an "equal weight" rating in a report on Wednesday, November 27th. Royal Bank of Canada boosted their target price on shares of Berry Global Group from $69.00 to $73.00 and gave the stock a "sector perform" rating in a report on Thursday, November 21st. UBS Group upped their price target on shares of Berry Global Group from $72.00 to $73.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Finally, StockNews.com initiated coverage on shares of Berry Global Group in a report on Sunday. They set a "buy" rating on the stock. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Berry Global Group currently has an average rating of "Hold" and an average price target 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.

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