Atlas Capital Advisors Inc. Boosts Stock Position in Berry Global Group, Inc. (NYSE:BERY)

Atlas Capital Advisors Inc. raised its position in Berry Global Group, Inc. (NYSE:BERY) by 7,390.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,648 shares of the industrial products company’s stock after purchasing an additional 1,626 shares during the period. Atlas Capital Advisors Inc.’s holdings in Berry Global Group were worth $107,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its holdings in shares of Berry Global Group by 89.0% during the fourth quarter. UMB Bank n.a. now owns 650 shares of the industrial products company’s stock worth $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 worth $55,000 after buying an additional 821 shares during the last quarter. 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 during the period. Harvest Fund Management Co. Ltd increased its stake in shares of Berry Global Group by 25,814.3% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 1,814 shares of the industrial products company’s stock valued at $117,000 after acquiring an additional 1,807 shares during the last quarter. Finally, Headlands Technologies LLC boosted its position in shares of Berry Global Group by 277.9% in the fourth quarter. Headlands Technologies LLC now owns 2,793 shares of the industrial products company’s stock worth $181,000 after acquiring an additional 2,054 shares during the last quarter. 95.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on BERY shares. 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 increased their target price on 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 started coverage on Berry Global Group in a research note on Wednesday. They set a “buy” rating for the company. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $74.56.

Berry Global Group Stock Down 3.6 %

Shares of NYSE BERY opened at $66.34 on Friday. The stock has a fifty day moving average price of $70.31 and a 200 day moving average price 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. Berry Global Group, Inc. has a 12-month low of $55.24 and a 12-month high of $74.24. The company has a market cap of $7.68 billion, a P/E ratio of 16.54, a P/E/G ratio of 1.54 and a beta of 1.14.

Berry Global Group (NYSE:BERY) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $1.09 EPS for the quarter, beating the consensus estimate 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 return on equity of 28.26% and a net margin of 3.99%. The company’s revenue was up 2.2% on a year-over-year basis. During the same period last year, the business posted $1.22 EPS. Research analysts anticipate that Berry Global Group, Inc. will post 6.25 EPS for the current fiscal year.

Berry Global Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.31 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.87%. Berry Global Group’s payout ratio is currently 30.92%.

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.