Mitsubishi UFJ Trust & Banking Corp Has $1.84 Million Holdings in Berry Global Group, Inc. (NYSE:BERY)

Mitsubishi UFJ Trust & Banking Corp decreased its position in Berry Global Group, Inc. (NYSE:BERY) by 50.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,519 shares of the industrial products company’s stock after selling 28,576 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Berry Global Group were worth $1,844,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Magnetar Financial LLC acquired a new position in Berry Global Group during the fourth quarter worth $71,882,000. Alpine Associates Management Inc. bought a new stake in Berry Global Group during the 4th quarter worth about $38,323,000. Calamos Advisors LLC acquired a new position in shares of Berry Global Group during the 4th quarter worth about $35,568,000. State Street Corp boosted its stake in shares of Berry Global Group by 10.4% during the 3rd quarter. State Street Corp now owns 3,831,824 shares of the industrial products company’s stock worth $260,487,000 after buying an additional 360,857 shares during the last quarter. Finally, EdgePoint Investment Group Inc. grew its holdings in shares of Berry Global Group by 2.2% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 15,279,107 shares of the industrial products company’s stock valued at $1,038,674,000 after acquiring an additional 336,186 shares in the last quarter. 95.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BERY has been the subject of several recent research reports. StockNews.com initiated coverage on Berry Global Group in a research report on Wednesday. They set a “buy” rating for the company. UBS Group increased their price objective on Berry Global Group from $72.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Finally, Truist Financial boosted their target price on shares of Berry Global Group from $74.00 to $76.00 and gave the stock a “hold” rating in a report on Monday, February 10th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $74.56.

Berry Global Group Price Performance

Shares of BERY opened at $70.58 on Wednesday. The company’s 50-day moving average is $70.29 and its 200-day moving average is $68.70. 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 firm has a market capitalization of $8.17 billion, a PE ratio of 17.60, a PEG ratio of 1.54 and a beta of 1.13. Berry Global Group, Inc. has a fifty-two week low of $55.24 and a fifty-two week high of $74.24.

Berry Global Group (NYSE:BERY) last released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $2.35 billion. During the same period in the prior year, the firm earned $1.22 EPS. The business’s revenue was up 2.2% on a year-over-year basis. Equities analysts forecast that Berry Global Group, Inc. will post 6.25 EPS for the current year.

Berry Global Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders 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 1.76%. The ex-dividend date of this dividend was Monday, March 3rd. Berry Global Group’s payout ratio is 30.92%.

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.