Mutual of America Capital Management LLC Has $3.86 Million Holdings in Berry Global Group, Inc. (NYSE:BERY)

Mutual of America Capital Management LLC trimmed its position in Berry Global Group, Inc. (NYSE:BERY) by 5.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 65,501 shares of the industrial products company’s stock after selling 3,556 shares during the period. Mutual of America Capital Management LLC owned about 0.06% of Berry Global Group worth $3,855,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. EdgePoint Investment Group Inc. grew its position in Berry Global Group by 16.7% in the 1st quarter. EdgePoint Investment Group Inc. now owns 13,548,966 shares of the industrial products company’s stock worth $819,441,000 after purchasing an additional 1,934,137 shares in the last quarter. Vanguard Group Inc. grew its position in Berry Global Group by 10.2% in the 1st quarter. Vanguard Group Inc. now owns 12,931,050 shares of the industrial products company’s stock worth $782,070,000 after purchasing an additional 1,200,021 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Berry Global Group by 30.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,472,624 shares of the industrial products company’s stock worth $204,365,000 after purchasing an additional 807,211 shares in the last quarter. Lyrical Asset Management LP grew its position in shares of Berry Global Group by 1.3% during the 4th quarter. Lyrical Asset Management LP now owns 1,918,414 shares of the industrial products company’s stock valued at $129,282,000 after acquiring an additional 24,563 shares during the period. Finally, Ancora Advisors LLC grew its position in shares of Berry Global Group by 18.7% during the 1st quarter. Ancora Advisors LLC now owns 1,701,163 shares of the industrial products company’s stock valued at $102,886,000 after acquiring an additional 267,413 shares during the period. 95.36% of the stock is owned by institutional investors.

Berry Global Group Stock Down 2.7 %

BERY opened at $66.59 on Monday. The company has a 50 day moving average of $65.33 and a 200 day moving average of $61.42. The company has a market cap of $7.62 billion, a PE ratio of 15.82, a price-to-earnings-growth ratio of 1.16 and a beta of 1.15. Berry Global Group, Inc. has a 12 month low of $53.92 and a 12 month high of $69.93. 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 (NYSE:BERY) last posted its earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.16. Berry Global Group had a net margin of 4.55% and a return on equity of 27.32%. The business had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same period in the prior year, the company posted $1.90 EPS. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. On average, sell-side analysts expect that Berry Global Group, Inc. will post 7.6 EPS for the current year.

Berry Global Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend was Tuesday, September 3rd. Berry Global Group’s dividend payout ratio is presently 26.13%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on BERY shares. StockNews.com downgraded shares of Berry Global Group from a “buy” rating to a “hold” rating in a research report on Friday, September 13th. UBS Group reduced their target price on shares of Berry Global Group from $89.00 to $77.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Finally, Morgan Stanley started coverage on shares of Berry Global Group in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $76.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $71.82.

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.