Chesapeake Capital Corp IL Has $659,000 Stake in Berry Global Group, Inc. (NYSE:BERY)

Chesapeake Capital Corp IL boosted its position in shares of Berry Global Group, Inc. (NYSE:BERY) by 8.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,192 shares of the industrial products company’s stock after acquiring an additional 799 shares during the quarter. Chesapeake Capital Corp IL’s holdings in Berry Global Group were worth $659,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its holdings 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 valued at $42,000 after purchasing an additional 306 shares during the period. Steward Partners Investment Advisory LLC raised its stake in 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 during the period. Venturi Wealth Management LLC lifted its position in shares of Berry Global Group by 463.5% in the fourth quarter. Venturi Wealth Management LLC now owns 1,065 shares of the industrial products company’s stock valued at $69,000 after buying an additional 876 shares during the last quarter. Townsquare Capital LLC bought a new position in shares of Berry Global Group during the 3rd quarter worth approximately $201,000. Finally, W.G. Shaheen & Associates DBA Whitney & Co acquired a new position in shares of Berry Global Group during the 3rd quarter worth approximately $206,000. Institutional investors and hedge funds own 95.36% of the company’s stock.

Berry Global Group Trading Up 0.8 %

Shares of BERY stock opened at $71.07 on Wednesday. The stock has a market cap of $8.23 billion, a P/E ratio of 17.72, a price-to-earnings-growth 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. 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 stock has a 50 day simple moving average of $69.76 and a 200 day simple moving average of $68.52.

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 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 during the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the prior year, the company posted $1.22 EPS. The company’s revenue was up 2.2% compared to the same quarter last year. On average, research analysts predict that Berry Global Group, Inc. will post 6.25 earnings per share for the current fiscal year.

Berry Global Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend was Monday, March 3rd. Berry Global Group’s payout ratio is presently 30.92%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on BERY shares. StockNews.com began coverage on shares of Berry Global Group in a research report on Monday. They set a “buy” rating for the company. Barclays lifted their target price on shares of Berry Global Group from $64.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $76.00 price target (up from $70.00) on shares of Berry Global Group in a report on Monday, November 25th. Citigroup restated a “neutral” rating and set a $76.00 price objective on shares of Berry Global Group in a report on Monday, November 25th. Finally, Truist Financial increased their target price on Berry Global Group from $74.00 to $76.00 and gave the stock a “hold” rating in a research note on Monday, February 10th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $74.56.

About Berry Global Group

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.