Jones Financial Companies Lllp Invests $34,000 in Berry Global Group, Inc. (NYSE:BERY)

Jones Financial Companies Lllp purchased a new position in shares of Berry Global Group, Inc. (NYSE:BERY) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 557 shares of the industrial products company’s stock, valued at approximately $34,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd acquired a new stake in shares of Berry Global Group in the fourth quarter valued at $34,000. Parallel Advisors LLC raised its stake in shares of Berry Global Group by 151.0% in the first quarter. Parallel Advisors LLC now owns 768 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 462 shares in the last quarter. Heritage Wealth Advisors raised its stake in shares of Berry Global Group by 104.2% in the fourth quarter. Heritage Wealth Advisors now owns 931 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 475 shares in the last quarter. Signaturefd LLC raised its stake in shares of Berry Global Group by 208.5% in the fourth quarter. Signaturefd LLC now owns 1,823 shares of the industrial products company’s stock valued at $102,000 after acquiring an additional 1,232 shares in the last quarter. Finally, Perigon Wealth Management LLC acquired a new stake in shares of Berry Global Group in the fourth quarter valued at $174,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

In other Berry Global Group news, President Curt Begle sold 18,000 shares of the stock in a transaction that occurred on Tuesday, March 23rd. The stock was sold at an average price of $62.00, for a total transaction of $1,116,000.00. Following the completion of the sale, the president now directly owns 18,000 shares of the company’s stock, valued at approximately $1,116,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark W. Miles sold 20,000 shares of the stock in a transaction that occurred on Wednesday, May 5th. The stock was sold at an average price of $66.05, for a total value of $1,321,000.00. Following the sale, the chief financial officer now directly owns 25,000 shares of the company’s stock, valued at $1,651,250. The disclosure for this sale can be found here. Insiders have sold a total of 115,000 shares of company stock valued at $7,449,220 over the last ninety days. 2.00% of the stock is owned by insiders.

NYSE:BERY opened at $67.06 on Thursday. The stock’s 50 day moving average price is $63.20 and its 200 day moving average price is $56.61. The company has a market capitalization of $8.99 billion, a PE ratio of 16.16, a P/E/G ratio of 1.00 and a beta of 1.37. The company has a quick ratio of 1.17, a current ratio of 1.75 and a debt-to-equity ratio of 4.86. Berry Global Group, Inc. has a 52-week low of $36.38 and a 52-week high of $69.24.

Berry Global Group (NYSE:BERY) last released its quarterly earnings results on Monday, May 3rd. The industrial products company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.28. The firm had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $3.22 billion. Berry Global Group had a return on equity of 35.39% and a net margin of 4.77%. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.19 EPS. As a group, sell-side analysts anticipate that Berry Global Group, Inc. will post 5.35 EPS for the current fiscal year.

Several analysts have recently issued reports on BERY shares. The Goldman Sachs Group started coverage on Berry Global Group in a research note on Thursday, April 15th. They issued a “buy” rating and a $75.00 price objective on the stock. Citigroup raised their price target on Berry Global Group from $67.00 to $70.00 in a research note on Tuesday, February 9th. Wells Fargo & Company raised their price target on Berry Global Group from $72.00 to $80.00 in a research note on Wednesday, May 5th. Jefferies Financial Group raised their price target on Berry Global Group from $70.00 to $73.00 in a research note on Thursday, April 15th. Finally, BMO Capital Markets raised their price target on Berry Global Group from $60.00 to $68.00 and gave the company an “outperform” rating in a research note on Monday, February 8th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Berry Global Group has a consensus rating of “Buy” and an average target price of $68.93.

About Berry Global Group

Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products in consumer and industrial end markets. Its Consumer Packaging International segment offers closures, dispensing systems, and applicators; inhalers and dose counters; polythene films; packaging solutions for consumer and industrial applications in personal care, beverage, and food markets; injection molded and thermoformed containers, and lids; and molds and molded components, as well as recycles rigid and flexible end of life materials from industrial and consumer sources.

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Institutional Ownership by Quarter for Berry Global Group (NYSE:BERY)

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