Creative Planning Has $390,000 Holdings in Berry Global Group, Inc. (NYSE:BERY)

Creative Planning grew its stake in Berry Global Group, Inc. (NYSE:BERY) by 5.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,629 shares of the industrial products company’s stock after acquiring an additional 372 shares during the quarter. Creative Planning’s holdings in Berry Global Group were worth $390,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of BERY. Altshuler Shaham Ltd bought a new position in shares of Berry Global Group during the 2nd quarter worth approximately $27,000. Quest Partners LLC lifted its holdings in shares of Berry Global Group by 54,800.0% during the second quarter. Quest Partners LLC now owns 549 shares of the industrial products company’s stock worth $32,000 after buying an additional 548 shares in the last quarter. LRI Investments LLC lifted 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 shares of Berry Global Group in the second quarter worth $42,000. Finally, American Capital Advisory LLC bought a new position in shares of Berry Global Group in the second quarter worth $44,000. 95.36% of the stock is owned by institutional investors.

Berry Global Group Stock Down 0.3 %

Shares of NYSE BERY opened at $69.80 on Thursday. Berry Global Group, Inc. has a one year low of $53.92 and a one year high of $70.74. The company has a debt-to-equity ratio of 2.57, a current ratio of 1.82 and a quick ratio of 1.08. The business’s fifty day moving average price is $66.62 and its 200-day moving average price is $62.37. The stock has a market capitalization of $7.99 billion, a PE ratio of 16.58, a P/E/G ratio of 1.10 and a beta of 1.15.

Berry Global Group (NYSE:BERY) last issued its quarterly earnings data on Friday, August 2nd. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.16. The business had revenue of $3.16 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.90 EPS. On average, equities research analysts anticipate that Berry Global Group, Inc. will post 7.6 EPS for the current year.

Berry Global Group Announces Dividend

The firm 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. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.10 dividend on an annualized basis and a yield of 1.58%. Berry Global Group’s dividend payout ratio is currently 26.13%.

Analyst Ratings Changes

BERY has been the topic of a number of recent analyst reports. Morgan Stanley initiated coverage on Berry Global Group in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $76.00 target price on the stock. UBS Group cut their price objective on Berry Global Group from $89.00 to $77.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. StockNews.com lowered Berry Global Group from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Finally, Truist Financial boosted their price objective on Berry Global Group from $68.00 to $74.00 and gave the company a “hold” rating in a report on Tuesday. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $72.40.

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.