Berry Global Group, Inc. (NYSE:BERY) Stock Position Increased by First Trust Advisors LP

First Trust Advisors LP boosted its position in shares of Berry Global Group, Inc. (NYSE:BERYFree Report) by 6.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 417,789 shares of the industrial products company’s stock after buying an additional 24,620 shares during the quarter. First Trust Advisors LP owned 0.36% of Berry Global Group worth $28,155,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. LSV Asset Management grew its position in Berry Global Group by 4.1% in the fourth quarter. LSV Asset Management now owns 4,330,213 shares of the industrial products company’s stock worth $291,813,000 after buying an additional 170,317 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Berry Global Group by 2.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,282,248 shares of the industrial products company’s stock worth $221,191,000 after purchasing an additional 81,496 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Berry Global Group by 1.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,212,389 shares of the industrial products company’s stock valued at $149,099,000 after purchasing an additional 38,414 shares during the last quarter. Lyrical Asset Management LP boosted its position in shares of Berry Global Group by 1.3% in the 4th quarter. Lyrical Asset Management LP now owns 1,918,414 shares of the industrial products company’s stock valued at $129,282,000 after purchasing an additional 24,563 shares during the period. Finally, Ancora Advisors LLC increased its stake in Berry Global Group by 5.7% in the 3rd quarter. Ancora Advisors LLC now owns 1,238,927 shares of the industrial products company’s stock worth $76,702,000 after purchasing an additional 66,787 shares in the last quarter. 95.36% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Berry Global Group

In other Berry Global Group news, CFO Mark W. Miles sold 1,118 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $60.29, for a total transaction of $67,404.22. Following the transaction, the chief financial officer now directly owns 119,384 shares in the company, valued at $7,197,661.36. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director Peter T. Thomas bought 1,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were acquired at an average cost of $59.50 per share, for a total transaction of $59,500.00. Following the purchase, the director now owns 4,407 shares of the company’s stock, valued at approximately $262,216.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark W. Miles sold 1,118 shares of Berry Global Group stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $60.29, for a total transaction of $67,404.22. Following the completion of the transaction, the chief financial officer now owns 119,384 shares in the company, valued at approximately $7,197,661.36. The disclosure for this sale can be found here. 4.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Robert W. Baird reiterated a “neutral” rating and issued a $65.00 target price (down from $68.00) on shares of Berry Global Group in a report on Tuesday, April 16th. Wolfe Research started coverage on shares of Berry Global Group in a research report on Friday, March 1st. They set a “peer perform” rating on the stock. Truist Financial restated a “hold” rating and issued a $68.00 target price (down previously from $75.00) on shares of Berry Global Group in a report on Wednesday, March 27th. Barclays lowered their price target on Berry Global Group from $67.00 to $64.00 and set an “equal weight” rating on the stock in a report on Monday, February 12th. Finally, TheStreet downgraded Berry Global Group from a “b-” rating to a “c+” rating in a research note on Monday, February 26th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $72.60.

Get Our Latest Stock Analysis on Berry Global Group

Berry Global Group Stock Performance

Shares of BERY stock opened at $59.38 on Tuesday. Berry Global Group, Inc. has a fifty-two week low of $53.92 and a fifty-two week high of $69.93. The stock’s 50-day moving average is $58.91 and its two-hundred day moving average is $61.78. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.74 and a quick ratio of 1.01. The firm has a market cap of $6.79 billion, a P/E ratio of 14.10, a PEG ratio of 1.24 and a beta of 1.19.

Berry Global Group (NYSE:BERYGet Free Report) last released its quarterly earnings data on Thursday, May 9th. The industrial products company reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.05. The firm had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.16 billion. Berry Global Group had a return on equity of 26.55% and a net margin of 4.12%. The firm’s revenue was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.96 earnings per share. Analysts predict that Berry Global Group, Inc. will post 7.43 earnings per share for the current fiscal year.

Berry Global Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.85%. Berry Global Group’s dividend payout ratio is currently 26.13%.

Berry Global Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Berry Global Group (NYSE:BERY)

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