O Shaughnessy Asset Management LLC Purchases 12,295 Shares of Berry Global Group, Inc. (NYSE:BERY)

O Shaughnessy Asset Management LLC boosted its position in Berry Global Group, Inc. (NYSE:BERY) by 49.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,268 shares of the industrial products company’s stock after purchasing an additional 12,295 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Berry Global Group were worth $2,254,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in BERY. Norges Bank bought a new position in Berry Global Group in the fourth quarter worth about $81,617,000. Vanguard Group Inc. increased its holdings in shares of Berry Global Group by 10.2% during the first quarter. Vanguard Group Inc. now owns 12,931,050 shares of the industrial products company’s stock valued at $782,070,000 after acquiring an additional 1,200,021 shares in the last quarter. TD Asset Management Inc acquired a new position in shares of Berry Global Group during the fourth quarter valued at about $23,803,000. Epoch Investment Partners Inc. increased its holdings in shares of Berry Global Group by 39.1% during the fourth quarter. Epoch Investment Partners Inc. now owns 1,033,568 shares of the industrial products company’s stock valued at $69,652,000 after acquiring an additional 290,781 shares in the last quarter. Finally, Boone Capital Management LLC acquired a new position in shares of Berry Global Group during the fourth quarter valued at about $15,598,000. 95.36% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Berry Global Group news, CFO Mark W. Miles sold 1,118 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $60.29, for a total value of $67,404.22. Following the sale, the chief financial officer now owns 119,384 shares in the company, valued at approximately $7,197,661.36. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Berry Global Group news, Director Peter T. Thomas bought 1,000 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were purchased at an average price of $59.50 per share, for a total transaction of $59,500.00. Following the transaction, the director now directly 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 SEC, which is accessible through this link. Also, CFO Mark W. Miles sold 1,118 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $60.29, for a total value of $67,404.22. Following 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. Insiders own 4.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BERY shares. Bank of America upped their price objective on shares of Berry Global Group from $74.00 to $81.00 and gave the company a “buy” rating in a report on Friday, May 10th. UBS Group cut their price objective on shares of Berry Global Group from $89.00 to $77.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Truist Financial restated a “hold” rating and set a $68.00 price objective (down previously from $75.00) on shares of Berry Global Group in a report on Wednesday, March 27th. StockNews.com lowered Berry Global Group from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $65.00 target price (down previously from $68.00) on shares of Berry Global Group in a research report on Tuesday, April 16th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $71.40.

Berry Global Group Trading Down 0.7 %

Berry Global Group stock opened at $63.34 on Thursday. The company has a current ratio of 1.74, a quick ratio of 1.01 and a debt-to-equity ratio of 2.64. Berry Global Group, Inc. has a 12 month low of $53.92 and a 12 month high of $69.93. The stock’s 50 day simple moving average is $60.31 and its two-hundred day simple moving average is $60.43. The firm has a market cap of $7.25 billion, a PE ratio of 15.05, a P/E/G ratio of 1.29 and a beta of 1.16.

Berry Global Group (NYSE:BERY) last released its quarterly earnings data on Thursday, May 9th. The industrial products company reported $1.95 EPS for the quarter, topping the consensus estimate of $1.90 by $0.05. Berry Global Group had a return on equity of 26.55% and a net margin of 4.12%. The business had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same quarter in the prior year, the firm posted $1.96 EPS. The business’s quarterly revenue was down 6.4% compared to the same quarter last year. Analysts anticipate that Berry Global Group, Inc. will post 7.44 earnings per share for the current year.

Berry Global Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a $0.275 dividend. The ex-dividend date was Monday, June 3rd. This represents a $1.10 annualized dividend and a yield of 1.74%. Berry Global Group’s dividend payout ratio is presently 26.13%.

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.