348,588 Shares in Berry Global Group, Inc. (NYSE:BERY) Acquired by Fort Baker Capital Management LP

Fort Baker Capital Management LP purchased a new stake in Berry Global Group, Inc. (NYSE:BERY) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 348,588 shares of the industrial products company’s stock, valued at approximately $22,543,000. Berry Global Group accounts for approximately 3.6% of Fort Baker Capital Management LP’s holdings, making the stock its 7th largest holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its holdings in Berry Global Group by 89.0% in the fourth quarter. UMB Bank n.a. now owns 650 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 306 shares in the last quarter. Quadrant Capital Group LLC increased its position 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 last quarter. Steward Partners Investment Advisory LLC raised its holdings 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 valued at $55,000 after purchasing an additional 821 shares in the last quarter. Venturi Wealth Management LLC raised its holdings 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 valued at $69,000 after purchasing an additional 876 shares in the last quarter. Finally, Atlas Capital Advisors Inc. lifted its position in shares of Berry Global Group by 7,390.9% during the 4th 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 last quarter. Hedge funds and other institutional investors own 95.36% of the company’s stock.

Berry Global Group Stock Down 2.8 %

Berry Global Group stock opened at $67.69 on Friday. The stock has a 50-day simple moving average of $68.44 and a 200-day simple moving average of $68.51. The company has a market capitalization of $7.84 billion, a P/E ratio of 16.88, a PEG ratio of 1.54 and a beta of 1.14. 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 $57.52 and a fifty-two week high of $74.24.

Berry Global Group (NYSE:BERY) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.03. The business had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.60 billion. Berry Global Group had a return on equity of 28.26% and a net margin of 3.99%. The company’s revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.95 earnings per share. Equities research analysts expect that Berry Global Group, Inc. will post 6.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. UBS Group increased their target price on Berry Global Group from $72.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, February 7th. StockNews.com started coverage on Berry Global Group in a report on Sunday, May 4th. They issued a “buy” rating on the stock. Finally, Truist Financial decreased their target price on Berry Global Group from $76.00 to $71.00 and set a “hold” rating for the company in a research note on Tuesday, April 22nd. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Berry Global Group presently has an average rating of “Hold” and an average price target of $75.13.

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.