Berry Global Group, Inc. (NYSE:BERY) Shares Bought by Arizona State Retirement System

Arizona State Retirement System raised its position in Berry Global Group, Inc. (NYSE:BERY) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,260 shares of the industrial products company’s stock after buying an additional 319 shares during the period. Arizona State Retirement System’s holdings in Berry Global Group were worth $2,151,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of BERY. Aigen Investment Management LP purchased a new position in shares of Berry Global Group in the 4th quarter valued at about $1,679,000. Atria Investments Inc grew its holdings in Berry Global Group by 5.3% in the fourth quarter. Atria Investments Inc now owns 44,761 shares of the industrial products company’s stock valued at $2,895,000 after purchasing an additional 2,249 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Berry Global Group by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 846,925 shares of the industrial products company’s stock valued at $54,771,000 after purchasing an additional 11,010 shares during the period. Steward Partners Investment Advisory LLC increased its position in shares of Berry Global Group by 3,569.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 844 shares of the industrial products company’s stock valued at $55,000 after buying an additional 821 shares in the last quarter. Finally, Silphium Asset Management Ltd acquired a new position in shares of Berry Global Group during the 4th quarter worth approximately $9,556,000. Institutional investors and hedge funds own 95.36% of the company’s stock.

Berry Global Group Trading Down 0.3 %

Shares of Berry Global Group stock opened at $72.79 on Tuesday. 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 stock’s 50 day simple moving average is $68.91 and its 200-day simple moving average is $68.34. The stock has a market cap of $8.43 billion, a P/E ratio of 18.15, a P/E/G ratio of 1.54 and a beta of 1.13. Berry Global Group, Inc. has a 1-year low of $55.24 and a 1-year high of $74.24.

Berry Global Group (NYSE:BERY) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. Berry Global Group had a return on equity of 28.26% and a net margin of 3.99%. The firm had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter last year, the business posted $1.22 earnings per share. The firm’s revenue was up 2.2% compared to the same quarter last year. Analysts predict that Berry Global Group, Inc. will post 6.25 EPS for the current fiscal year.

Berry Global Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date is Monday, March 3rd. Berry Global Group’s dividend payout ratio is currently 30.92%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BERY. Truist Financial lifted their price target on shares of Berry Global Group from $74.00 to $76.00 and gave the company a “hold” rating in a research note on Monday, February 10th. Barclays lifted their target price 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 stock a “sector perform” rating in a research report on Thursday, November 21st. 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. Finally, StockNews.com initiated coverage on Berry Global Group in a report on Sunday. They set 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. Based on data from MarketBeat, the company currently has an average 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.