O Shaughnessy Asset Management LLC Has $4.42 Million Stock Holdings in Berry Global Group, Inc. (NYSE:BERY)

O Shaughnessy Asset Management LLC increased its position in shares of Berry Global Group, Inc. (NYSE:BERY) by 5.1% in the fourth quarter, HoldingsChannel reports. The firm owned 68,265 shares of the industrial products company’s stock after purchasing an additional 3,326 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Berry Global Group were worth $4,415,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Pictet Asset Management Holding SA increased its holdings in shares of Berry Global Group by 6.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 15,680 shares of the industrial products company’s stock worth $1,014,000 after buying an additional 933 shares in the last quarter. Boussard & Gavaudan Investment Management LLP acquired a new stake in Berry Global Group during the 4th quarter valued at $3,544,000. Norges Bank bought a new position in Berry Global Group in the 4th quarter valued at $91,526,000. JPMorgan Chase & Co. boosted its stake in Berry Global Group by 41.7% in the fourth quarter. JPMorgan Chase & Co. now owns 605,772 shares of the industrial products company’s stock worth $39,175,000 after purchasing an additional 178,287 shares in the last quarter. Finally, Mint Tower Capital Management B.V. bought a new stake in shares of Berry Global Group during the fourth quarter worth $323,000. 95.36% of the stock is owned by institutional investors.

Berry Global Group Trading Up 0.2 %

NYSE BERY opened at $70.71 on Thursday. Berry Global Group, Inc. has a 12 month low of $55.24 and a 12 month high of $74.24. The stock has a 50-day simple moving average of $70.34 and a 200 day simple moving average of $68.72. The company has a current ratio of 1.61, a quick ratio of 1.09 and a debt-to-equity ratio of 3.35. The company has a market capitalization of $8.19 billion, a PE ratio of 17.63, a P/E/G ratio of 1.54 and a beta of 1.13.

Berry Global Group (NYSE:BERY) last announced 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 the consensus estimate of $2.35 billion. Berry Global Group had a net margin of 3.99% and a return on equity of 28.26%. Berry Global Group’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period last year, the company posted $1.22 EPS. Research analysts forecast that Berry Global Group, Inc. will post 6.25 EPS for the current year.

Berry Global Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.75%. The ex-dividend date was Monday, March 3rd. Berry Global Group’s payout ratio is presently 30.92%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BERY. UBS Group upped 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 report on Friday, February 7th. Truist Financial upped their target price on shares of Berry Global Group from $74.00 to $76.00 and gave the stock a “hold” rating in a research report on Monday, February 10th. Finally, StockNews.com initiated coverage on shares of Berry Global Group in a report on Wednesday. They issued a “buy” rating for the company. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $74.56.

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.