Berry Global Group, Inc. (NYSE:BERY) Stake Lessened by Benjamin Edwards Inc.

Benjamin Edwards Inc. decreased its holdings in shares of Berry Global Group, Inc. (NYSE:BERY) by 52.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,603 shares of the industrial products company’s stock after selling 10,493 shares during the quarter. Benjamin Edwards Inc.’s holdings in Berry Global Group were worth $565,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of BERY. Private Advisor Group LLC acquired a new position in shares of Berry Global Group in the 4th quarter valued at about $247,000. Jump Financial LLC acquired a new position in Berry Global Group in the 4th quarter valued at approximately $290,000. Panagora Asset Management Inc. purchased a new stake in Berry Global Group in the 4th quarter worth approximately $646,000. Norges Bank acquired a new stake in shares of Berry Global Group during the 4th quarter valued at $81,617,000. Finally, Corient Private Wealth LLC grew its holdings in shares of Berry Global Group by 19.8% during the 4th quarter. Corient Private Wealth LLC now owns 12,041 shares of the industrial products company’s stock valued at $811,000 after acquiring an additional 1,992 shares in the last quarter. 95.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BERY has been the subject of a number of research reports. Morgan Stanley began coverage on Berry Global Group in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $76.00 price objective for the company. StockNews.com lowered Berry Global Group from a “buy” rating to a “hold” rating in a report on Friday, September 13th. Finally, UBS Group dropped their price objective on Berry Global Group from $89.00 to $77.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Berry Global Group presently has an average rating of “Hold” and a consensus price target of $71.82.

Berry Global Group Stock Performance

NYSE:BERY opened at $66.59 on Friday. The firm has a market capitalization of $7.62 billion, a PE ratio of 15.82, a PEG ratio of 1.16 and a beta of 1.15. The company has a current ratio of 1.82, a quick ratio of 1.08 and a debt-to-equity ratio of 2.57. Berry Global Group, Inc. has a 1 year low of $53.92 and a 1 year high of $69.93. The firm’s fifty day simple moving average is $65.33 and its 200 day simple moving average is $61.39.

Berry Global Group (NYSE:BERY) last posted its quarterly earnings data on Friday, August 2nd. The industrial products company reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.16. Berry Global Group had a return on equity of 27.32% and a net margin of 4.55%. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same period in the previous year, the company posted $1.90 earnings per share. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. On average, sell-side analysts anticipate that Berry Global Group, Inc. will post 7.6 EPS for the current year.

Berry Global Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were given a $0.275 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.10 annualized dividend and a dividend yield of 1.65%. Berry Global Group’s dividend payout ratio is 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.