Headlands Technologies LLC Acquires 2,054 Shares of Berry Global Group, Inc. (NYSE:BERY)

Headlands Technologies LLC grew its position in shares of Berry Global Group, Inc. (NYSE:BERY) by 277.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,793 shares of the industrial products company’s stock after purchasing an additional 2,054 shares during the period. Headlands Technologies LLC’s holdings in Berry Global Group were worth $181,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. UMB Bank n.a. grew its holdings in Berry Global Group by 89.0% during the 4th quarter. UMB Bank n.a. now owns 650 shares of the industrial products company’s stock valued at $42,000 after buying an additional 306 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in Berry Global Group by 3,569.6% in the fourth 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 increased its position in Berry Global Group by 463.5% in the fourth 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. Harvest Fund Management Co. Ltd raised its stake in Berry Global Group by 25,814.3% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 1,814 shares of the industrial products company’s stock valued at $117,000 after purchasing an additional 1,807 shares in the last quarter. Finally, Merit Financial Group LLC bought a new position in Berry Global Group during the fourth quarter valued at $200,000. 95.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BERY. StockNews.com started coverage on shares of Berry Global Group in a research report on Wednesday. They set a “buy” rating on the stock. UBS Group lifted their price target on shares of 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 raised 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. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Berry Global Group currently has a consensus rating of “Hold” and an average target price of $74.56.

Berry Global Group Stock Performance

Shares of BERY stock opened at $66.34 on Friday. The firm has a market cap of $7.68 billion, a price-to-earnings ratio of 16.54, a PEG ratio of 1.54 and a beta of 1.14. Berry Global Group, Inc. has a 52-week low of $55.24 and a 52-week high of $74.24. The company has a quick ratio of 1.09, a current ratio of 1.61 and a debt-to-equity ratio of 3.35. The company’s 50 day moving average is $70.31 and its 200 day moving average is $68.72.

Berry Global Group (NYSE:BERY) last released its quarterly 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. The business had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.35 billion. Berry Global Group had a net margin of 3.99% and a return on equity of 28.26%. The company’s revenue was up 2.2% compared to the same quarter last year. During the same period last year, the business earned $1.22 EPS. On average, sell-side analysts anticipate that Berry Global Group, Inc. will post 6.25 EPS for the current fiscal year.

Berry Global Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend was Monday, March 3rd. Berry Global Group’s dividend payout ratio is presently 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.