US Bancorp DE Increases Position in Berry Global Group Inc (BERY)

US Bancorp DE boosted its position in Berry Global Group Inc (NYSE:BERY) by 13.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,916 shares of the industrial products company’s stock after purchasing an additional 2,416 shares during the quarter. US Bancorp DE’s holdings in Berry Global Group were worth $1,227,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of BERY. State of Alaska Department of Revenue acquired a new position in shares of Berry Global Group in the 4th quarter worth approximately $557,000. 361 Capital LLC acquired a new position in shares of Berry Global Group in the 3rd quarter worth approximately $857,000. Atlantic Trust Group LLC grew its stake in shares of Berry Global Group by 184.5% in the 3rd quarter. Atlantic Trust Group LLC now owns 861,120 shares of the industrial products company’s stock worth $48,784,000 after purchasing an additional 558,411 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Berry Global Group by 37.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,508 shares of the industrial products company’s stock worth $440,000 after purchasing an additional 2,043 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Berry Global Group by 119.5% in the 3rd quarter. Victory Capital Management Inc. now owns 322,350 shares of the industrial products company’s stock worth $18,261,000 after purchasing an additional 175,522 shares during the last quarter. Hedge funds and other institutional investors own 94.86% of the company’s stock.

Berry Global Group Inc (BERY) traded down $0.43 during midday trading on Wednesday, reaching $55.86. 940,358 shares of the company’s stock were exchanged, compared to its average volume of 1,380,000. The company has a debt-to-equity ratio of 4.69, a current ratio of 1.72 and a quick ratio of 0.96. The firm has a market capitalization of $7,320.00, a PE ratio of 21.16, a PEG ratio of 0.74 and a beta of 1.04. Berry Global Group Inc has a 1 year low of $47.19 and a 1 year high of $61.71.

Berry Global Group (NYSE:BERY) last issued its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.02. Berry Global Group had a net margin of 6.13% and a return on equity of 47.10%. The business had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same period in the previous year, the company earned $0.50 earnings per share. Berry Global Group’s revenue for the quarter was up 18.2% on a year-over-year basis. analysts expect that Berry Global Group Inc will post 3.79 EPS for the current fiscal year.

In other news, Director Paula A. Sneed acquired 1,000 shares of Berry Global Group stock in a transaction dated Monday, March 5th. The stock was acquired at an average cost of $53.63 per share, for a total transaction of $53,630.00. Following the completion of the purchase, the director now owns 1,050 shares of the company’s stock, valued at $56,311.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.00% of the stock is currently owned by insiders.

Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Berry Global Group from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a research report on Monday, February 12th. Barclays dropped their target price on shares of Berry Global Group from $71.00 to $70.00 and set an “overweight” rating on the stock in a research report on Monday, February 12th. Bank of America lifted their target price on shares of Berry Global Group from $73.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. BMO Capital Markets raised shares of Berry Global Group from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 24th. Finally, SunTrust Banks boosted their price objective on shares of Berry Global Group to $69.00 and gave the company a “buy” rating in a research report on Tuesday, November 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $68.00.

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Berry Global Group Profile

Berry Global Group, Inc, formerly Berry Plastics Group, Inc, is a provider of value-added plastic consumer packaging, non-woven specialty materials and engineered materials. The Company offers products, such as closures, prescription vials, specialty films, adhesives, nonwovens, drink cups, containers and bottles.

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

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