Skandinaviska Enskilda Banken AB publ Takes $1.44 Million Position in Berry Global Group, Inc. (NYSE:BERY)

Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Berry Global Group, Inc. (NYSE:BERY) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 22,500 shares of the industrial products company’s stock, valued at approximately $1,444,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. raised its position in Berry Global Group by 36.3% in the 3rd quarter. Victory Capital Management Inc. now owns 95,281 shares of the industrial products company’s stock worth $6,477,000 after purchasing an additional 25,382 shares during the period. CIBC Asset Management Inc purchased a new stake in shares of Berry Global Group in the third quarter worth approximately $229,000. Quest Partners LLC raised its holdings in shares of Berry Global Group by 1,478.0% in the third quarter. Quest Partners LLC now owns 8,663 shares of the industrial products company’s stock worth $589,000 after buying an additional 8,114 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co bought a new stake in shares of Berry Global Group during the 3rd quarter worth approximately $206,000. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Berry Global Group during the 3rd quarter valued at $374,000. Hedge funds and other institutional investors own 95.36% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently 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 stock a “sector perform” rating in a research report on Thursday, November 21st. Barclays boosted their price objective on shares of Berry Global Group from $64.00 to $75.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Truist Financial raised their target price on shares of Berry Global Group from $74.00 to $76.00 and gave the stock a “hold” rating in a research report on Monday, February 10th. StockNews.com started coverage on Berry Global Group in a report on Monday. They issued a “buy” rating for the company. Finally, UBS Group raised their price objective on Berry Global Group from $72.00 to $73.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $74.56.

Berry Global Group Trading Up 0.6 %

Shares of NYSE:BERY opened at $70.56 on Tuesday. The company has a market capitalization of $8.17 billion, a PE ratio of 17.59, a P/E/G ratio of 1.54 and a beta of 1.13. The company has a current ratio of 1.61, a quick ratio of 1.09 and a debt-to-equity ratio of 3.35. Berry Global Group, Inc. has a 12-month low of $55.24 and a 12-month high of $74.24. The business’s fifty day simple moving average is $69.66 and its 200-day simple moving average is $68.50.

Berry Global Group (NYSE:BERY) last posted its earnings results on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.09. The company had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.35 billion. Berry Global Group had a return on equity of 28.26% and a net margin of 3.99%. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.22 earnings per share. As a group, equities research analysts predict that Berry Global Group, Inc. will post 6.25 earnings per share for the current fiscal year.

Berry Global Group Dividend Announcement

The company 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 annualized dividend and a yield of 1.76%. Berry Global Group’s dividend payout ratio (DPR) is 30.92%.

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.