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

Virtu Financial LLC bought a new position in Berry Global Group, Inc. (NYSE:BERY - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 29,717 shares of the industrial products company's stock, valued at approximately $1,922,000.

A number of other large investors have also recently added to or reduced their stakes in BERY. Magnetar Financial LLC acquired a new position in shares of Berry Global Group during the fourth quarter valued at about $71,882,000. Decagon Asset Management LLP acquired a new position in Berry Global Group in the 4th quarter valued at approximately $8,926,000. Harvest Fund Management Co. Ltd lifted its position in shares of Berry Global Group by 25,814.3% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 1,814 shares of the industrial products company's stock worth $117,000 after acquiring an additional 1,807 shares during the period. Chesapeake Capital Corp IL grew its holdings in shares of Berry Global Group by 8.5% during the 4th quarter. Chesapeake Capital Corp IL now owns 10,192 shares of the industrial products company's stock worth $659,000 after purchasing an additional 799 shares in the last quarter. Finally, Natixis Advisors LLC increased its position in shares of Berry Global Group by 5.1% during the fourth quarter. Natixis Advisors LLC now owns 56,841 shares of the industrial products company's stock valued at $3,676,000 after purchasing an additional 2,751 shares during the period. Institutional investors own 95.36% of the company's stock.

Berry Global Group Stock Up 1.2 %

NYSE BERY traded up $0.82 during trading hours on Thursday, hitting $70.03. 1,207,219 shares of the company traded hands, compared to its average volume of 1,192,252. 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 business's 50-day moving average is $70.17 and its 200-day moving average is $68.57. The stock has a market capitalization of $8.11 billion, a price-to-earnings ratio of 17.46, a P/E/G ratio of 1.54 and a beta of 1.13. Berry Global Group, Inc. has a twelve month low of $55.24 and a twelve month high of $74.24.

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Berry Global Group (NYSE:BERY - Get Free Report) last issued 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. 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 the consensus estimate of $2.35 billion. During the same period in the previous year, the company earned $1.22 earnings per share. The firm's revenue for the quarter was up 2.2% on a year-over-year basis. Sell-side analysts anticipate that Berry Global Group, Inc. will post 6.25 earnings per share for the current year.

Berry Global Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given 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 yield of 1.77%. Berry Global Group's dividend payout ratio is presently 30.92%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Truist Financial increased their target price on Berry Global Group from $74.00 to $76.00 and gave the stock a "hold" rating in a report on Monday, February 10th. Barclays increased their target price on shares of Berry Global Group from $64.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 27th. StockNews.com began coverage on shares of Berry Global Group in a research report on Tuesday. They issued a "buy" rating on the stock. Finally, UBS Group raised their price objective on shares of Berry Global Group from $72.00 to $73.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus 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.