Berry Global Group, Inc. (NYSE:BERY) Stock Holdings Boosted by KBC Group NV

KBC Group NV lifted its position in Berry Global Group, Inc. (NYSE:BERY) by 39.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,163 shares of the industrial products company’s stock after buying an additional 1,188 shares during the period. KBC Group NV’s holdings in Berry Global Group were worth $269,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Creative Planning lifted its position in shares of Berry Global Group by 5.9% during the 2nd quarter. Creative Planning now owns 6,629 shares of the industrial products company’s stock valued at $390,000 after acquiring an additional 372 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Berry Global Group during the third quarter valued at $152,000. Handelsbanken Fonder AB boosted its position in shares of Berry Global Group by 13.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 28,560 shares of the industrial products company’s stock valued at $1,942,000 after purchasing an additional 3,400 shares during the period. GAMMA Investing LLC raised its holdings in Berry Global Group by 332.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,181 shares of the industrial products company’s stock worth $80,000 after buying an additional 908 shares during the period. Finally, CWM LLC raised its holdings in shares of Berry Global Group by 340.0% during the third quarter. CWM LLC now owns 8,843 shares of the industrial products company’s stock valued at $601,000 after acquiring an additional 6,833 shares during the period. Institutional investors and hedge funds own 95.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Royal Bank of Canada lifted their target price on Berry Global Group from $69.00 to $73.00 and gave the company a “sector perform” rating in a research note on Thursday, November 21st. UBS Group decreased their price target on Berry Global Group from $75.00 to $72.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $76.00 target price (up previously from $70.00) on shares of Berry Global Group in a report on Monday, November 25th. Truist Financial upped their price target on Berry Global Group from $72.00 to $74.00 and gave the stock a “hold” rating in a report on Monday, January 6th. Finally, StockNews.com began coverage on Berry Global Group in a research report on Tuesday, January 28th. They set a “buy” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $73.30.

Berry Global Group Price Performance

Shares of BERY stock opened at $66.86 on Tuesday. Berry Global Group, Inc. has a 52 week low of $54.06 and a 52 week high of $73.31. The stock’s fifty day moving average is $67.47 and its 200-day moving average is $67.12. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.80 and a current ratio of 1.25. The stock has a market capitalization of $7.74 billion, a PE ratio of 15.23, a PEG ratio of 1.45 and a beta of 1.15.

Berry Global Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.85%. Berry Global Group’s payout ratio is currently 28.25%.

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.