Virtu Financial LLC Takes $1.92 Million Position in Berry Global Group, Inc. (NYSE:BERY)

Virtu Financial LLC purchased a new stake in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 29,717 shares of the industrial products company's stock, valued at approximately $1,922,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. boosted its position in Berry Global Group by 89.0% in the fourth 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 last quarter. Steward Partners Investment Advisory LLC increased its stake in shares of 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 acquiring an additional 821 shares during the period. Venturi Wealth Management LLC increased its stake in shares of 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 worth $69,000 after acquiring an additional 876 shares during the period. Harvest Fund Management Co. Ltd raised its holdings in shares of Berry Global Group by 25,814.3% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 1,814 shares of the industrial products company's stock worth $117,000 after purchasing an additional 1,807 shares during the last quarter. Finally, Townsquare Capital LLC acquired a new position in Berry Global Group during the third quarter valued at $201,000. Hedge funds and other institutional investors own 95.36% of the company's stock.

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Berry Global Group Price Performance

NYSE BERY traded down $0.88 on Tuesday, hitting $67.98. The company had a trading volume of 1,173,308 shares, compared to its average volume of 1,183,010. 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 company's fifty day moving average price is $70.03 and its 200-day moving average price is $68.55. The company has a market capitalization of $7.87 billion, a PE ratio of 16.95, a PEG 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.

Berry Global Group (NYSE:BERY - Get Free Report) last released its earnings results on Tuesday, February 4th. The industrial products company reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.09. The business had revenue of $2.39 billion during the quarter, compared to analysts' expectations of $2.35 billion. Berry Global Group had a net margin of 3.99% and a return on equity of 28.26%. The company's quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.22 earnings per share. As a group, analysts predict that Berry Global Group, Inc. will post 6.25 earnings per share for the current 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 given a $0.31 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.24 annualized dividend and a dividend yield of 1.82%. Berry Global Group's dividend payout ratio (DPR) is presently 30.92%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a $76.00 price target (up from $70.00) on shares of Berry Global Group in a research report on Monday, November 25th. StockNews.com started coverage on Berry Global Group in a report on Tuesday. They set a "buy" rating on the stock. Barclays boosted their price target on Berry Global Group from $64.00 to $75.00 and gave the company an "equal weight" rating in a report on Wednesday, November 27th. Truist Financial raised their price objective 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. Finally, UBS Group boosted their target price on shares of Berry Global Group from $72.00 to $73.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Berry Global Group currently has a consensus rating of "Hold" and an average target price 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.