Leeward Investments LLC MA Sells 4,384 Shares of Berry Global Group, Inc. (NYSE:BERY)

Leeward Investments LLC MA decreased its holdings in shares of Berry Global Group, Inc. (NYSE:BERY) by 3.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 127,721 shares of the industrial products company’s stock after selling 4,384 shares during the period. Leeward Investments LLC MA owned 0.11% of Berry Global Group worth $8,260,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of BERY. Creative Planning boosted its holdings in Berry Global Group by 3.0% in the third quarter. Creative Planning now owns 6,827 shares of the industrial products company’s stock valued at $464,000 after acquiring an additional 198 shares in the last quarter. Raymond James & Associates raised its stake in Berry Global Group by 32.3% in the third quarter. Raymond James & Associates now owns 261,538 shares of the industrial products company’s stock worth $17,779,000 after buying an additional 63,836 shares in the last quarter. Dakota Wealth Management raised its stake in Berry Global Group by 26.2% in the third quarter. Dakota Wealth Management now owns 31,770 shares of the industrial products company’s stock worth $2,160,000 after buying an additional 6,600 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Berry Global Group by 95.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 15,280 shares of the industrial products company’s stock worth $1,039,000 after buying an additional 7,447 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its stake in Berry Global Group by 3.3% in the third quarter. State of Alaska Department of Revenue now owns 22,962 shares of the industrial products company’s stock worth $1,560,000 after buying an additional 730 shares in the last quarter. Institutional investors own 95.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on BERY shares. StockNews.com started coverage on Berry Global Group in a research report on Friday. They set a “buy” rating on the stock. 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 report on Friday, February 7th. Citigroup reiterated a “neutral” rating and issued a $76.00 price target on shares of Berry Global Group in a research note on Monday, November 25th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $76.00 price target (up from $70.00) on shares of Berry Global Group in a research note on Monday, November 25th. Finally, Barclays increased their price target on shares of Berry Global Group from $64.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Berry Global Group presently has a consensus rating of “Hold” and a consensus price target of $74.56.

Berry Global Group Stock Performance

NYSE BERY opened at $71.68 on Monday. The company has a market cap of $8.30 billion, a P/E ratio of 17.88, a P/E/G ratio of 1.57 and a beta of 1.15. 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 price is $67.59 and its 200-day moving average price is $67.78. Berry Global Group, Inc. has a fifty-two week low of $55.24 and a fifty-two week high of $73.31.

Berry Global Group (NYSE:BERY) last released its earnings results 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 the consensus estimate of $2.35 billion. Berry Global Group had a return on equity of 28.26% and a net margin of 3.99%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.22 EPS. Sell-side analysts predict that Berry Global Group, Inc. will post 6.25 earnings per share for the current year.

Berry Global Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $0.31 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.24 annualized dividend and a dividend yield of 1.73%. Berry Global Group’s dividend payout ratio (DPR) is presently 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.