US Bancorp DE increased its position in Berry Global Group Inc (NYSE:BERY) by 13.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,916 shares of the industrial products company’s stock after purchasing an additional 2,416 shares during the quarter. US Bancorp DE’s holdings in Berry Global Group were worth $1,227,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BERY. Boston Partners raised its stake in Berry Global Group by 4.1% during the fourth quarter. Boston Partners now owns 4,089,152 shares of the industrial products company’s stock valued at $239,911,000 after buying an additional 160,491 shares during the last quarter. Atlantic Trust Group LLC raised its stake in Berry Global Group by 184.5% during the third quarter. Atlantic Trust Group LLC now owns 861,120 shares of the industrial products company’s stock valued at $48,784,000 after buying an additional 558,411 shares during the last quarter. Victory Capital Management Inc. raised its stake in Berry Global Group by 119.5% during the third quarter. Victory Capital Management Inc. now owns 322,350 shares of the industrial products company’s stock valued at $18,261,000 after buying an additional 175,522 shares during the last quarter. California Public Employees Retirement System raised its stake in Berry Global Group by 4.8% during the third quarter. California Public Employees Retirement System now owns 296,410 shares of the industrial products company’s stock valued at $16,792,000 after buying an additional 13,520 shares during the last quarter. Finally, Braun Stacey Associates Inc. raised its stake in Berry Global Group by 4.9% during the fourth quarter. Braun Stacey Associates Inc. now owns 184,485 shares of the industrial products company’s stock valued at $10,823,000 after buying an additional 8,560 shares during the last quarter. Institutional investors own 94.86% of the company’s stock.
Shares of Berry Global Group Inc (BERY) traded down $0.43 on Wednesday, hitting $55.86. The company had a trading volume of 940,358 shares, compared to its average volume of 1,380,000. The company has a quick ratio of 0.96, a current ratio of 1.72 and a debt-to-equity ratio of 4.69. Berry Global Group Inc has a one year low of $47.19 and a one year high of $61.71. The company has a market capitalization of $7,320.00, a price-to-earnings ratio of 21.16, a P/E/G ratio of 0.74 and a beta of 1.04.
Berry Global Group (NYSE:BERY) last issued its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.02. Berry Global Group had a return on equity of 47.10% and a net margin of 6.13%. The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the previous year, the company posted $0.50 earnings per share. Berry Global Group’s revenue was up 18.2% compared to the same quarter last year. research analysts anticipate that Berry Global Group Inc will post 3.79 earnings per share for the current fiscal year.
In other news, Director Paula A. Sneed acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The stock was bought at an average price of $53.63 per share, with a total value of $53,630.00. Following the completion of the acquisition, the director now directly owns 1,050 shares of the company’s stock, valued at approximately $56,311.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.00% of the company’s stock.
A number of research analysts have issued reports on BERY shares. Robert W. Baird lifted their price objective on Berry Global Group from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, November 17th. Bank of America lifted their target price on Berry Global Group from $73.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Zacks Investment Research raised Berry Global Group from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a report on Monday, February 12th. Barclays reduced their target price on Berry Global Group from $71.00 to $70.00 and set an “overweight” rating for the company in a report on Monday, February 12th. Finally, BidaskClub lowered Berry Global Group from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $68.00.
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Berry Global Group Profile
Berry Global Group, Inc, formerly Berry Plastics Group, Inc, is a provider of value-added plastic consumer packaging, non-woven specialty materials and engineered materials. The Company offers products, such as closures, prescription vials, specialty films, adhesives, nonwovens, drink cups, containers and bottles.
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