Berry Global Group, Inc. (NYSE:BERY) Shares Purchased by Thompson Investment Management Inc.

Thompson Investment Management Inc. raised its holdings in Berry Global Group, Inc. (NYSE:BERY) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,468 shares of the industrial products company’s stock after purchasing an additional 496 shares during the quarter. Thompson Investment Management Inc. owned 0.05% of Berry Global Group worth $4,212,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC purchased a new stake in Berry Global Group in the 1st quarter valued at approximately $25,000. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new stake in shares of Berry Global Group during the 1st quarter worth approximately $29,000. Quarry LP boosted its stake in shares of Berry Global Group by 150.9% during the 1st quarter. Quarry LP now owns 537 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 323 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of Berry Global Group during the 1st quarter worth approximately $38,000. Finally, Belpointe Asset Management LLC purchased a new stake in shares of Berry Global Group during the 4th quarter worth approximately $50,000. Hedge funds and other institutional investors own 98.25% of the company’s stock.

Berry Global Group Trading Down 0.9 %

Shares of BERY stock traded down $0.57 on Friday, reaching $63.75. 3,293,285 shares of the stock were exchanged, compared to its average volume of 1,036,493. The stock has a market cap of $7.53 billion, a P/E ratio of 12.03, a price-to-earnings-growth ratio of 0.87 and a beta of 1.19. The company has a quick ratio of 1.12, a current ratio of 1.87 and a debt-to-equity ratio of 2.72. The firm has a 50 day moving average of $64.46 and a two-hundred day moving average of $61.22. Berry Global Group, Inc. has a 1-year low of $44.52 and a 1-year high of $68.01.

Berry Global Group (NYSE:BERY) last released its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $1.90 EPS for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.07). The firm had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.42 billion. Berry Global Group had a return on equity of 27.67% and a net margin of 5.05%. The company’s quarterly revenue was down 13.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.03 earnings per share. On average, research analysts anticipate that Berry Global Group, Inc. will post 7.29 EPS for the current year.

Berry Global Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $1.00 dividend on an annualized basis and a yield of 1.57%. Berry Global Group’s dividend payout ratio (DPR) is 18.87%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BERY. Jefferies Financial Group boosted their price target on Berry Global Group from $76.00 to $87.00 in a research note on Tuesday, July 18th. Truist Financial raised Berry Global Group from a “hold” rating to a “buy” rating and boosted their price target for the stock from $69.00 to $73.00 in a research note on Wednesday, May 24th. Bank of America lifted their price objective on Berry Global Group from $70.00 to $75.00 in a research report on Monday, July 10th. Wells Fargo & Company cut their price objective on Berry Global Group from $78.00 to $74.00 and set an “overweight” rating for the company in a research report on Thursday, August 10th. Finally, StockNews.com downgraded Berry Global Group from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $73.54.

Insider Buying and Selling

In related news, insider Jason K. Greene sold 520 shares of the company’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $68.01, for a total transaction of $35,365.20. Following the completion of the sale, the insider now directly owns 250 shares of the company’s stock, valued at approximately $17,002.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Berry Global Group news, insider Jason K. Greene sold 520 shares of the company’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $68.01, for a total value of $35,365.20. Following the completion of the transaction, the insider now directly owns 250 shares of the company’s stock, valued at approximately $17,002.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, President Michael Edward Hill sold 28,369 shares of the company’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $66.57, for a total transaction of $1,888,524.33. The disclosure for this sale can be found here. In the last three months, insiders sold 41,520 shares of company stock valued at $2,763,744. Company insiders own 3.30% of the company’s stock.

About Berry Global Group

Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products in consumer and industrial end markets. The company operates through Consumer Packaging International; Consumer Packaging North America; Engineered Materials; and Health, Hygiene & Specialties segments. The Consumer Packaging International segment offers closures and dispensing systems, pharmaceutical devices and packaging, bottles and canisters, containers, and technical components.