XTX Topco Ltd Acquires 5,969 Shares of Berry Global Group, Inc. (NYSE:BERY)

XTX Topco Ltd lifted its stake in Berry Global Group, Inc. (NYSE:BERY) by 123.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,789 shares of the industrial products company’s stock after acquiring an additional 5,969 shares during the period. XTX Topco Ltd’s holdings in Berry Global Group were worth $635,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Quest Partners LLC raised its stake in Berry Global Group by 54,800.0% during the 2nd quarter. Quest Partners LLC now owns 549 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 548 shares during the last quarter. LRI Investments LLC increased its holdings in shares of Berry Global Group by 1,309.1% during the second quarter. LRI Investments LLC now owns 620 shares of the industrial products company’s stock worth $36,000 after buying an additional 576 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in Berry Global Group in the 2nd quarter valued at $42,000. American Capital Advisory LLC bought a new position in shares of Berry Global Group in the second quarter valued at about $44,000. Finally, Quarry LP raised its stake in shares of Berry Global Group by 433.1% in the fourth quarter. Quarry LP now owns 757 shares of the industrial products company’s stock worth $51,000 after acquiring an additional 615 shares during the last quarter. 95.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on BERY. 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. StockNews.com cut shares of Berry Global Group from a “buy” rating to a “hold” rating in a report on Friday, September 13th. Finally, Morgan Stanley assumed coverage on Berry Global Group in a report on Wednesday, September 4th. They set an “equal weight” rating and a $76.00 price objective for the company. Eight 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 currently has a consensus rating of “Hold” and an average target price of $71.82.

Berry Global Group Price Performance

Shares of NYSE BERY opened at $67.76 on Tuesday. Berry Global Group, Inc. has a twelve month low of $53.92 and a twelve month high of $69.93. The business’s 50 day moving average price is $65.43 and its two-hundred day moving average price is $61.48. The company has a quick ratio of 1.08, a current ratio of 1.82 and a debt-to-equity ratio of 2.57. The company has a market cap of $7.75 billion, a PE ratio of 16.10, a price-to-earnings-growth ratio of 1.16 and a beta of 1.15.

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

Berry Global Group Announces Dividend

The firm also recently declared 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 was Tuesday, September 3rd. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.62%. Berry Global Group’s 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.