Mint Tower Capital Management B.V. Invests $323,000 in Berry Global Group, Inc. (NYSE:BERY)

Mint Tower Capital Management B.V. bought a new stake in shares of Berry Global Group, Inc. (NYSE:BERY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,000 shares of the industrial products company’s stock, valued at approximately $323,000.

Other large investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its position in shares of Berry Global Group by 2.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 835,915 shares of the industrial products company’s stock worth $56,826,000 after buying an additional 18,736 shares during the period. Raymond James Trust N.A. acquired a new stake in Berry Global Group in the third quarter worth $408,000. Cerity Partners LLC grew its holdings in Berry Global Group by 171.2% in the third quarter. Cerity Partners LLC now owns 14,316 shares of the industrial products company’s stock worth $973,000 after purchasing an additional 9,037 shares during the period. Hancock Whitney Corp bought a new stake in Berry Global Group in the third quarter valued at $1,065,000. Finally, Bank of Montreal Can raised its holdings in shares of Berry Global Group by 24.5% during the third quarter. Bank of Montreal Can now owns 251,873 shares of the industrial products company’s stock valued at $17,349,000 after purchasing an additional 49,609 shares during the period. Institutional investors and hedge funds own 95.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on BERY shares. StockNews.com assumed coverage on Berry Global Group in a research report on Tuesday. They issued a “buy” rating for the company. Barclays boosted their price objective on Berry Global Group from $64.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. UBS Group increased their target price on Berry Global Group from $72.00 to $73.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Finally, Truist Financial boosted their price target on shares of Berry Global Group from $74.00 to $76.00 and gave the company a “hold” rating in a research note on Monday, February 10th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $74.56.

Berry Global Group Stock Performance

NYSE BERY opened at $69.25 on Thursday. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.61 and a quick ratio of 1.09. The company has a fifty day moving average price of $70.12 and a 200-day moving average price of $68.56. Berry Global Group, Inc. has a 1 year low of $55.24 and a 1 year high of $74.24. The firm has a market cap of $8.02 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 1.54 and a beta of 1.13.

Berry Global Group (NYSE:BERY) last issued its quarterly earnings data 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. Berry Global Group had a net margin of 3.99% and a return on equity of 28.26%. The business had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the prior year, the firm posted $1.22 EPS. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. As a group, equities research analysts predict that Berry Global Group, Inc. will post 6.25 EPS for the current fiscal year.

Berry Global Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.24 dividend on an annualized basis and a yield of 1.79%. Berry Global Group’s dividend payout ratio (DPR) is currently 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.