34,600 Shares in Berry Global Group, Inc. (NYSE:BERY) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new stake in shares of Berry Global Group, Inc. (NYSE:BERY) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 34,600 shares of the industrial products company’s stock, valued at approximately $2,238,000.

Several other large investors have also recently bought and sold shares of the stock. Greenleaf Trust boosted its holdings in shares of Berry Global Group by 3.5% in the fourth quarter. Greenleaf Trust now owns 4,408 shares of the industrial products company’s stock valued at $285,000 after acquiring an additional 149 shares in the last quarter. CIBC Asset Management Inc boosted its stake in Berry Global Group by 5.1% during the 4th quarter. CIBC Asset Management Inc now owns 3,534 shares of the industrial products company’s stock valued at $229,000 after purchasing an additional 170 shares in the last quarter. M&T Bank Corp boosted its stake in Berry Global Group by 3.1% during the 3rd quarter. M&T Bank Corp now owns 5,832 shares of the industrial products company’s stock valued at $396,000 after purchasing an additional 173 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of Berry Global Group by 2.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 10,033 shares of the industrial products company’s stock valued at $649,000 after purchasing an additional 241 shares during the period. Finally, UMB Bank n.a. raised its stake 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 worth $42,000 after buying an additional 306 shares in the last quarter. Institutional investors and hedge funds own 95.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BERY. Truist Financial lifted their target price on Berry Global Group from $74.00 to $76.00 and gave the stock a “hold” rating in a report on Monday, February 10th. StockNews.com assumed coverage on shares of Berry Global Group in a research note on Tuesday. They issued a “buy” rating on the stock. Finally, UBS Group increased their target price on shares of Berry Global Group from $72.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Berry Global Group currently has a consensus rating of “Hold” and an average price target of $74.56.

Berry Global Group Stock Performance

Shares of BERY opened at $70.03 on Friday. Berry Global Group, Inc. has a one year low of $55.24 and a one year high of $74.24. The company has a 50-day moving average of $70.17 and a two-hundred day moving average of $68.57. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.61 and a quick ratio of 1.09. The stock has a market cap of $8.11 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 1.54 and a beta of 1.13.

Berry Global Group (NYSE:BERY) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. Berry Global Group had a net margin of 3.99% and a return on equity of 28.26%. The firm had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter last year, the business posted $1.22 EPS. The company’s revenue was up 2.2% on a year-over-year basis. On average, equities research analysts expect that Berry Global Group, Inc. will post 6.25 earnings per share for the current year.

Berry Global Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend was Monday, March 3rd. Berry Global Group’s payout ratio is 30.92%.

Berry Global Group Company 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.