Berry Global Group, Inc. (NYSE:BERY) Shares Purchased by Seeds Investor LLC

Seeds Investor LLC lifted its stake in Berry Global Group, Inc. (NYSE:BERY) by 18.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,341 shares of the industrial products company’s stock after acquiring an additional 670 shares during the period. Seeds Investor LLC’s holdings in Berry Global Group were worth $281,000 as of its most recent filing with the Securities & Exchange Commission.

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

Berry Global Group Trading Up 4.1 %

Shares of Berry Global Group stock opened at $67.12 on Monday. 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 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 cap of $7.77 billion, a P/E ratio of 16.74, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14. The firm has a 50-day simple moving average of $69.69 and a two-hundred day simple moving average of $68.53.

Berry Global Group (NYSE:BERY) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. The company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.35 billion. Berry Global Group had a return on equity of 28.26% and a net margin of 3.99%. Berry Global Group’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.22 earnings per share. As a group, equities analysts predict that Berry Global Group, Inc. will post 6.25 earnings per share for the current fiscal 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 issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.85%. The ex-dividend date was Monday, March 3rd. Berry Global Group’s payout ratio is presently 30.92%.

Analyst Ratings Changes

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

About Berry Global Group

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.