Berry Global Group, Inc. (NYSE:BERY) Shares Acquired by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC grew its position in Berry Global Group, Inc. (NYSE:BERY) by 3,569.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 844 shares of the industrial products company’s stock after purchasing an additional 821 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Berry Global Group were worth $55,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of BERY. FMR LLC lifted its stake in shares of Berry Global Group by 38.4% in the 3rd quarter. FMR LLC now owns 3,807,317 shares of the industrial products company’s stock valued at $258,821,000 after purchasing an additional 1,055,756 shares in the last quarter. Calamos Advisors LLC acquired a new position in shares of Berry Global Group in the 4th quarter valued at about $35,568,000. State Street Corp lifted its stake in shares of Berry Global Group by 10.4% in the 3rd quarter. State Street Corp now owns 3,831,824 shares of the industrial products company’s stock valued at $260,487,000 after purchasing an additional 360,857 shares in the last quarter. Goldentree Asset Management LP acquired a new position in shares of Berry Global Group in the 3rd quarter valued at about $24,288,000. Finally, EdgePoint Investment Group Inc. lifted its stake 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 purchasing an additional 336,186 shares in the last quarter. 95.36% of the stock is owned by institutional investors and hedge funds.

Berry Global Group Trading Up 0.8 %

NYSE:BERY opened at $71.07 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.61 and a debt-to-equity ratio of 3.35. The business’s 50 day moving average is $69.76 and its two-hundred day moving average is $68.52. Berry Global Group, Inc. has a 52 week low of $55.24 and a 52 week high of $74.24. The company has a market cap of $8.23 billion, a PE ratio of 17.72, a P/E/G ratio of 1.54 and a beta of 1.13.

Berry Global Group (NYSE:BERY) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates 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 company 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 company earned $1.22 earnings per share. The firm’s revenue was up 2.2% compared to the same quarter last year. On average, analysts predict that Berry Global Group, Inc. will post 6.25 EPS for the current year.

Berry Global Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.31 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.24 dividend on an annualized basis and a yield of 1.74%. Berry Global Group’s payout ratio is currently 30.92%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Royal Bank of Canada boosted their price target on Berry Global Group from $69.00 to $73.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. reissued an “overweight” rating and set a $76.00 price target (up from $70.00) on shares of Berry Global Group in a research report on Monday, November 25th. StockNews.com assumed coverage on Berry Global Group in a research report on Monday. They set a “buy” rating on the stock. Citigroup reissued a “neutral” rating and set a $76.00 price target on shares of Berry Global Group in a research report on Monday, November 25th. Finally, Barclays increased their price target on Berry Global Group from $64.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Berry Global Group has an average rating of “Hold” and an average price target of $74.56.

About Berry Global Group

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.