Keeley Teton Advisors LLC Buys 37,181 Shares of Berry Global Group, Inc. (NYSE:BERY)

Keeley Teton Advisors LLC grew its stake in Berry Global Group, Inc. (NYSE:BERY) by 125.7% in the 4th quarter, Holdings Channel reports. The firm owned 66,756 shares of the industrial products company’s stock after purchasing an additional 37,181 shares during the period. Keeley Teton Advisors LLC’s holdings in Berry Global Group were worth $4,317,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Y Intercept Hong Kong Ltd bought a new position in Berry Global Group in the third quarter worth $440,000. Public Employees Retirement System of Ohio lifted its position in Berry Global Group by 8.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 55,785 shares of the industrial products company’s stock valued at $3,792,000 after acquiring an additional 4,458 shares during the period. Barclays PLC boosted its stake in Berry Global Group by 87.1% during the third quarter. Barclays PLC now owns 101,956 shares of the industrial products company’s stock worth $6,931,000 after acquiring an additional 47,476 shares in the last quarter. M&T Bank Corp grew its holdings in Berry Global Group by 3.1% in the third quarter. M&T Bank Corp now owns 5,832 shares of the industrial products company’s stock worth $396,000 after purchasing an additional 173 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Berry Global Group by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,982,517 shares of the industrial products company’s stock valued at $134,806,000 after purchasing an additional 27,437 shares in the last quarter. 95.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BERY has been the topic of several recent research reports. UBS Group upped their price target 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. StockNews.com initiated coverage on Berry Global Group in a report on Thursday, April 10th. They set a “buy” rating for the company. Finally, Truist Financial upped their price target on shares of Berry Global Group from $74.00 to $76.00 and gave the stock a “hold” rating in a research note on Monday, February 10th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Berry Global Group has an average rating of “Hold” and a consensus price target of $74.56.

Berry Global Group Price Performance

NYSE BERY opened at $68.37 on Tuesday. The company has a debt-to-equity ratio of 3.35, a quick ratio of 1.09 and a current ratio of 1.61. The company has a market capitalization of $7.92 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 1.54 and a beta of 1.14. The stock has a 50-day moving average of $69.63 and a 200 day moving average of $68.53. Berry Global Group, Inc. has a one year low of $55.24 and a one year high of $74.24.

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, topping analysts’ consensus estimates of $1.00 by $0.09. The firm had revenue of $2.39 billion during 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 business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.22 earnings per share. On average, sell-side analysts forecast that Berry Global Group, Inc. will post 6.25 EPS for the current year.

Berry Global Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders 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 dividend yield of 1.81%. Berry Global Group’s dividend payout ratio (DPR) is currently 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.