3,179 Shares in Berry Global Group, Inc. (NYSE:BERY) Bought by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL bought a new stake in shares of Berry Global Group, Inc. (NYSE:BERY) during the 4th quarter, HoldingsChannel reports. The firm bought 3,179 shares of the industrial products company’s stock, valued at approximately $206,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Keeley Teton Advisors LLC boosted its position in Berry Global Group by 125.7% in the 4th quarter. Keeley Teton Advisors LLC now owns 66,756 shares of the industrial products company’s stock valued at $4,317,000 after buying an additional 37,181 shares during the last quarter. Gabelli Funds LLC bought a new position in Berry Global Group during the 4th quarter valued at $4,158,000. Guggenheim Capital LLC increased its position in shares of Berry Global Group by 49.7% in the 4th quarter. Guggenheim Capital LLC now owns 8,359 shares of the industrial products company’s stock worth $541,000 after purchasing an additional 2,777 shares during the last quarter. Barclays PLC raised its stake in shares of Berry Global Group by 16.1% in the 4th quarter. Barclays PLC now owns 118,339 shares of the industrial products company’s stock valued at $7,653,000 after purchasing an additional 16,383 shares in the last quarter. Finally, Seeds Investor LLC lifted its position in shares of Berry Global Group by 18.3% during the fourth quarter. Seeds Investor LLC now owns 4,341 shares of the industrial products company’s stock worth $281,000 after purchasing an additional 670 shares during the last quarter. 95.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on the company. StockNews.com initiated coverage on Berry Global Group in a research note on Friday. They set a “buy” rating on the stock. 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 research note on Friday, February 7th. Finally, Truist Financial boosted their target price on shares of Berry Global Group from $74.00 to $76.00 and gave the company a “hold” rating in a research note on Monday, February 10th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $75.75.

Berry Global Group Stock Up 1.2 %

Berry Global Group stock opened at $67.60 on Friday. The firm has a market capitalization of $7.83 billion, a P/E ratio of 16.86, a P/E/G ratio of 1.54 and a beta of 1.14. The company has a 50-day simple moving average of $69.42 and a 200-day simple moving average of $68.53. Berry Global Group, Inc. has a one year low of $55.68 and a one year high of $74.24. 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 (NYSE:BERY) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.09 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 net margin of 3.99% and a return on equity of 28.26%. Berry Global Group’s revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.22 earnings per share. As a group, equities analysts expect that Berry Global Group, Inc. will post 6.25 earnings per share for the current year.

Berry Global Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.83%. The ex-dividend date was Monday, March 3rd. Berry Global Group’s payout ratio is currently 30.92%.

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.