Rockefeller Capital Management L.P. Has $3.81 Million Position in Berry Global Group, Inc. (NYSE:BERY)

Rockefeller Capital Management L.P. reduced its position in Berry Global Group, Inc. (NYSE:BERY) by 86.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 58,930 shares of the industrial products company’s stock after selling 378,111 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.05% of Berry Global Group worth $3,811,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in BERY. UMB Bank n.a. raised its stake 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 buying an additional 306 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Berry Global Group by 28.8% in the 4th quarter. Quadrant Capital Group LLC now owns 738 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 165 shares during the period. Steward Partners Investment Advisory LLC boosted its position in shares of Berry Global Group by 3,569.6% in the 4th 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 during the last quarter. Venturi Wealth Management LLC boosted its position in shares of Berry Global Group by 463.5% in the 4th 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 during the last quarter. Finally, Atlas Capital Advisors Inc. grew its stake 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 during the period. 95.36% of the stock is currently owned by institutional investors and hedge funds.

Berry Global Group Stock Performance

BERY opened at $67.60 on Friday. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.61 and a quick ratio of 1.09. The company has a market capitalization of $7.83 billion, a price-to-earnings ratio of 16.86, a P/E/G ratio of 1.54 and a beta of 1.14. The business’s 50-day moving average price is $69.47 and its two-hundred day moving average price is $68.51. Berry Global Group, Inc. has a 1 year low of $55.68 and a 1 year high of $74.24.

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

Berry Global Group Announces Dividend

The firm also recently disclosed 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 was Monday, March 3rd. This represents a $1.24 annualized dividend and a yield of 1.83%. Berry Global Group’s dividend payout ratio is 30.92%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BERY. StockNews.com began coverage on Berry Global Group in a report on Friday. They set a “buy” rating on the stock. Truist Financial lifted their price objective 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. Finally, UBS Group upped their target price on shares of Berry Global Group from $72.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $75.75.

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.