William Blair Investment Management LLC Sells 729,880 Shares of Berry Global Group, Inc. (NYSE:BERY)

William Blair Investment Management LLC reduced its holdings in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) by 99.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,467 shares of the industrial products company's stock after selling 729,880 shares during the quarter. William Blair Investment Management LLC's holdings in Berry Global Group were worth $418,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in BERY. UMB Bank n.a. boosted its stake in Berry Global Group by 89.0% in 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 period. Steward Partners Investment Advisory LLC increased its position in Berry Global Group by 3,569.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 844 shares of the industrial products company's stock worth $55,000 after purchasing an additional 821 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in Berry Global Group by 463.5% in the 4th quarter. Venturi Wealth Management LLC now owns 1,065 shares of the industrial products company's stock valued at $69,000 after purchasing an additional 876 shares during the last quarter. Merit Financial Group LLC acquired a new stake in Berry Global Group in the fourth quarter valued at approximately $200,000. Finally, Townsquare Capital LLC acquired a new stake in Berry Global Group in the third quarter valued at approximately $201,000. Institutional investors own 95.36% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. StockNews.com began coverage on shares of Berry Global Group in a report on Monday, March 17th. They set a "buy" rating for the company. Barclays upped their target price on Berry Global Group from $64.00 to $75.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 27th. 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. Truist Financial boosted their price target on Berry Global Group from $74.00 to $76.00 and gave the stock a "hold" rating in a report on Monday, February 10th. Finally, Citigroup reiterated a "neutral" rating and issued a $76.00 price objective on shares of Berry Global Group in a report on Monday, November 25th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Berry Global Group presently has a consensus rating of "Hold" and a consensus target price of $74.56.

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Berry Global Group Trading Up 1.1 %

BERY stock traded up $0.73 during trading on Monday, hitting $68.84. The company had a trading volume of 1,686,972 shares, compared to its average volume of 1,183,627. The stock has a market cap of $7.97 billion, a PE ratio of 17.17, a PEG ratio of 1.54 and a beta of 1.13. The business has a 50-day moving average of $69.98 and a 200-day moving average of $68.54. 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, Inc. has a one year low of $55.24 and a one year high of $74.24.

Berry Global Group (NYSE:BERY - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same period in the prior year, the firm posted $1.22 EPS. The company's quarterly revenue was up 2.2% on a year-over-year basis. Research analysts predict that Berry Global Group, Inc. will post 6.25 earnings per share for the current fiscal year.

Berry Global Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.80%. The ex-dividend date was Monday, March 3rd. Berry Global Group's dividend payout ratio (DPR) is presently 30.92%.

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.