Handelsbanken Fonder AB Has $1.94 Million Stock Position in Berry Global Group, Inc. (NYSE:BERY)

Handelsbanken Fonder AB grew its holdings in shares of Berry Global Group, Inc. (NYSE:BERY) by 5.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,060 shares of the industrial products company’s stock after purchasing an additional 1,500 shares during the quarter. Handelsbanken Fonder AB’s holdings in Berry Global Group were worth $1,944,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of BERY. Geode Capital Management LLC boosted its position in Berry Global Group by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,982,517 shares of the industrial products company’s stock worth $134,806,000 after purchasing an additional 27,437 shares during the period. Sound Income Strategies LLC lifted its stake 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 worth $4,715,000 after buying an additional 8,622 shares during the last quarter. Hancock Whitney Corp bought a new stake in shares of Berry Global Group during the 3rd quarter worth $1,065,000. Integrated Investment Consultants LLC bought a new position in Berry Global Group in the 3rd quarter worth $714,000. Finally, Barclays PLC raised its holdings in Berry Global Group by 87.1% in the 3rd quarter. Barclays PLC now owns 101,956 shares of the industrial products company’s stock worth $6,931,000 after acquiring an additional 47,476 shares during the period. Institutional investors and hedge funds own 95.36% of the company’s stock.

Berry Global Group Trading Up 0.8 %

BERY opened at $72.56 on Wednesday. Berry Global Group, Inc. has a 1-year low of $55.24 and a 1-year high of $73.31. The stock has a market capitalization of $8.40 billion, a PE ratio of 18.10, a PEG ratio of 1.54 and a beta of 1.15. The company has a current ratio of 1.61, a quick ratio of 1.09 and a debt-to-equity ratio of 3.35. The firm has a 50-day moving average price of $67.79 and a two-hundred day moving average price of $67.91.

Berry Global Group (NYSE:BERY) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share 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 business had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter last year, the business posted $1.22 earnings per share. Berry Global Group’s revenue for the quarter 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 earnings per share for the current fiscal year.

Berry Global Group Dividend Announcement

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 given a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.71%. Berry Global Group’s payout ratio is currently 30.92%.

Analyst Ratings Changes

BERY has been the subject of several research analyst reports. Truist Financial boosted their price objective on Berry Global Group from $74.00 to $76.00 and gave the stock a “hold” rating in a research report on Monday, February 10th. Citigroup reissued a “neutral” rating and issued a $76.00 price target on shares of Berry Global Group in a report on Monday, November 25th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $76.00 price objective (up from $70.00) on shares of Berry Global Group in a research note on Monday, November 25th. Barclays increased their price objective on 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. Finally, Royal Bank of Canada lifted 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 report on Thursday, November 21st. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s 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 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.