Zurcher Kantonalbank Zurich Cantonalbank Purchases 4,181 Shares of Berry Global Group, Inc. (NYSE:BERY)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in Berry Global Group, Inc. (NYSE:BERY - Free Report) by 17.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 27,840 shares of the industrial products company's stock after purchasing an additional 4,181 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Berry Global Group were worth $1,800,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Greenleaf Trust lifted its stake in shares of Berry Global Group by 3.5% in the 4th quarter. Greenleaf Trust now owns 4,408 shares of the industrial products company's stock worth $285,000 after acquiring an additional 149 shares during the period. CIBC Asset Management Inc lifted its stake in shares of Berry Global Group by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 3,534 shares of the industrial products company's stock worth $229,000 after acquiring an additional 170 shares during the period. M&T Bank Corp lifted its stake in shares of Berry Global Group by 3.1% in the 3rd quarter. M&T Bank Corp now owns 5,832 shares of the industrial products company's stock worth $396,000 after acquiring an additional 173 shares during the period. UMB Bank n.a. lifted its stake in shares of 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 worth $42,000 after acquiring an additional 306 shares during the period. Finally, Arizona State Retirement System lifted its stake in shares of Berry Global Group by 1.0% in the 4th quarter. Arizona State Retirement System now owns 33,260 shares of the industrial products company's stock worth $2,151,000 after acquiring an additional 319 shares during the period. Institutional investors own 95.36% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms recently commented on BERY. JPMorgan Chase & Co. reissued an "overweight" rating and set a $76.00 target price (up from $70.00) on shares of Berry Global Group in a research note on Monday, November 25th. Citigroup reissued a "neutral" rating and set a $76.00 target price on shares of Berry Global Group in a research note on Monday, November 25th. Barclays upped their price target on shares of Berry Global Group from $64.00 to $75.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 27th. Royal Bank of Canada upped their price target on shares of Berry Global Group from $69.00 to $73.00 and gave the company a "sector perform" rating in a research report on Thursday, November 21st. Finally, StockNews.com assumed coverage on shares of Berry Global Group in a research report on Monday. They issued a "buy" rating for the company. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $74.56.

Berry Global Group Stock Down 2.9 %

Berry Global Group stock traded down $2.05 during trading hours on Friday, hitting $68.13. The company had a trading volume of 2,115,657 shares, compared to its average volume of 1,180,658. The firm has a market capitalization of $7.89 billion, a P/E ratio of 16.99, a price-to-earnings-growth ratio of 1.54 and a beta of 1.13. 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 firm's fifty day moving average is $69.93 and its 200-day moving average is $68.54. Berry Global Group, Inc. has a fifty-two week low of $55.24 and a fifty-two week high of $74.24.

Berry Global Group (NYSE:BERY - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.09. The firm had revenue of $2.39 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.22 EPS. On average, research analysts forecast 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 declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid 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 dividend yield of 1.82%. Berry Global Group's dividend payout ratio (DPR) is 30.92%.

Berry Global Group 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.