LSV Asset Management Sells 122,500 Shares of Berry Global Group, Inc. (NYSE:BERY)

LSV Asset Management decreased its holdings in shares of Berry Global Group, Inc. (NYSE:BERY) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,981,019 shares of the industrial products company’s stock after selling 122,500 shares during the quarter. LSV Asset Management’s holdings in Berry Global Group were worth $257,452,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. UMB Bank n.a. increased its position in shares of Berry Global Group by 89.0% during the fourth quarter. UMB Bank n.a. now owns 650 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 306 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of Berry Global Group by 28.8% during the fourth quarter. Quadrant Capital Group LLC now owns 738 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 165 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of Berry Global Group by 3,569.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 844 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 821 shares in the last quarter. Venturi Wealth Management LLC increased its position in shares of Berry Global Group by 463.5% during the fourth quarter. Venturi Wealth Management LLC now owns 1,065 shares of the industrial products company’s stock worth $69,000 after purchasing an additional 876 shares in the last quarter. Finally, Atlas Capital Advisors Inc. increased its position in shares of Berry Global Group by 7,390.9% during the fourth quarter. Atlas Capital Advisors Inc. now owns 1,648 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 1,626 shares in the last quarter. Institutional investors own 95.36% of the company’s stock.

Berry Global Group Price Performance

Shares of BERY opened at $65.00 on Thursday. The business’s 50-day moving average is $69.80 and its two-hundred day moving average is $68.57. The company has a debt-to-equity ratio of 3.35, a quick ratio of 1.09 and a current ratio of 1.61. Berry Global Group, Inc. has a fifty-two week low of $55.24 and a fifty-two week high of $74.24. The company has a market capitalization of $7.53 billion, a P/E ratio of 16.21, a P/E/G ratio of 1.54 and a beta of 1.14.

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, topping the consensus estimate of $1.00 by $0.09. The business had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.35 billion. Berry Global Group had a net margin of 3.99% and a return on equity of 28.26%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.22 EPS. Research analysts predict that Berry Global Group, Inc. will post 6.25 earnings per share for the current year.

Berry Global Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Monday, March 3rd. Berry Global Group’s dividend payout ratio is presently 30.92%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on BERY shares. StockNews.com started coverage on Berry Global Group in a research report on Thursday. They set a “buy” rating on the stock. Truist Financial upped their target price on Berry Global Group from $74.00 to $76.00 and gave the company a “hold” rating in a research report on Monday, February 10th. Finally, UBS Group upped their target price on Berry Global Group from $72.00 to $73.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $74.56.

Berry Global Group Company 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.