IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 2,700 Shares of Berry Global Group, Inc. (NYSE:BERY)

IQ EQ FUND MANAGEMENT IRELAND Ltd lessened its holdings in shares of Berry Global Group, Inc. (NYSE:BERY) by 45.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,300 shares of the industrial products company’s stock after selling 2,700 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Berry Global Group were worth $213,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in Berry Global Group by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,982,517 shares of the industrial products company’s stock valued at $134,806,000 after acquiring an additional 27,437 shares during the period. Sound Income Strategies LLC increased its holdings in shares of Berry Global Group by 13.4% in the fourth quarter. Sound Income Strategies LLC now owns 72,914 shares of the industrial products company’s stock valued at $4,715,000 after purchasing an additional 8,622 shares during the last quarter. Barclays PLC raised its position in shares of Berry Global Group by 87.1% in the third quarter. Barclays PLC now owns 101,956 shares of the industrial products company’s stock valued at $6,931,000 after purchasing an additional 47,476 shares during the period. Goldentree Asset Management LP acquired a new stake in shares of Berry Global Group during the 3rd quarter worth about $24,288,000. Finally, SG Americas Securities LLC boosted its holdings in shares of Berry Global Group by 333.1% during the 4th quarter. SG Americas Securities LLC now owns 9,697 shares of the industrial products company’s stock worth $627,000 after buying an additional 7,458 shares during the period. Institutional investors own 95.36% of the company’s stock.

Berry Global Group Stock Performance

NYSE:BERY opened at $69.46 on Friday. The company has a debt-to-equity ratio of 3.35, a quick ratio of 1.09 and a current ratio of 1.61. Berry Global Group, Inc. has a fifty-two week low of $55.24 and a fifty-two week high of $74.24. The company has a market cap of $8.04 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 1.54 and a beta of 1.13. The stock has a fifty day moving average price of $70.20 and a 200-day moving average price of $68.60.

Berry Global Group (NYSE:BERY) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter in the prior year, the business posted $1.22 earnings per share. Berry Global Group’s revenue was up 2.2% compared to the same quarter last year. As a group, equities analysts anticipate that Berry Global Group, Inc. will post 6.25 EPS for the current fiscal year.

Berry Global Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Monday, March 3rd. Berry Global Group’s payout ratio is presently 30.92%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BERY shares. Truist Financial increased their price target on shares of Berry Global Group from $74.00 to $76.00 and gave the company a “hold” rating in a report on Monday, February 10th. StockNews.com initiated coverage on Berry Global Group in a research note on Tuesday. They set a “buy” rating on the stock. Finally, UBS Group upped their price objective on Berry Global Group from $72.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Seven 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 an average price target of $74.56.

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.