Swiss National Bank Acquires 2,000 Shares of Berry Global Group, Inc. (NYSE:BERY)

Swiss National Bank raised its holdings in shares of Berry Global Group, Inc. (NYSE:BERY) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 225,418 shares of the industrial products company’s stock after purchasing an additional 2,000 shares during the quarter. Swiss National Bank’s holdings in Berry Global Group were worth $14,578,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. UMB Bank n.a. grew its position in shares of 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 purchasing an additional 306 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in 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 during the period. Venturi Wealth Management LLC grew its holdings in 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 buying an additional 876 shares in the last quarter. Merit Financial Group LLC bought a new position in Berry Global Group during the 4th quarter worth $200,000. Finally, Townsquare Capital LLC acquired a new stake in shares of Berry Global Group during the third quarter worth $201,000. 95.36% of the stock is owned by institutional investors.

Berry Global Group Trading Down 0.6 %

Shares of BERY opened at $70.65 on Thursday. 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 52-week low of $55.24 and a 52-week high of $74.24. The firm has a market cap of $8.18 billion, a price-to-earnings ratio of 17.62, a PEG ratio of 1.54 and a beta of 1.13. The business’s fifty day moving average is $69.85 and its 200-day moving average is $68.53.

Berry Global Group (NYSE:BERY) last released its earnings results on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. The firm had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.35 billion. Berry Global Group had a return on equity of 28.26% and a net margin of 3.99%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.22 earnings per share. Equities analysts anticipate that Berry Global Group, Inc. will post 6.25 EPS for the current fiscal year.

Berry Global Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend was Monday, March 3rd. Berry Global Group’s dividend payout ratio is 30.92%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on BERY shares. Barclays upped their price target on shares of Berry Global Group from $64.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Truist Financial raised their target price on shares of Berry Global Group from $74.00 to $76.00 and gave the stock a “hold” rating in a report on Monday, February 10th. StockNews.com initiated coverage on Berry Global Group in a research note on Monday. They issued a “buy” rating for the company. UBS Group raised their price objective on 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, Citigroup reiterated a “neutral” rating and set a $76.00 target price on shares of Berry Global Group in a research report on Monday, November 25th. Seven 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, Berry Global Group currently has an average rating of “Hold” and a consensus price target of $74.56.

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.