Berry Global Group, Inc. (NYSE:BERY) Position Increased by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC increased its stake in shares of Berry Global Group, Inc. (NYSE:BERY) by 18.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,717 shares of the industrial products company’s stock after buying an additional 2,170 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Berry Global Group were worth $924,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in BERY. Coombe Bender & Co LLC grew its position in Berry Global Group by 3.3% in the third quarter. Coombe Bender & Co LLC now owns 6,225 shares of the industrial products company’s stock worth $385,000 after buying an additional 196 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Berry Global Group by 0.3% during the third quarter. EverSource Wealth Advisors LLC now owns 78,197 shares of the industrial products company’s stock worth $4,841,000 after purchasing an additional 222 shares during the period. First Horizon Advisors Inc. lifted its holdings in shares of Berry Global Group by 69.6% during the third quarter. First Horizon Advisors Inc. now owns 546 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 224 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Berry Global Group by 203.7% in the 4th quarter. Blue Trust Inc. now owns 650 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 436 shares during the period. Finally, Meritage Portfolio Management raised its holdings in Berry Global Group by 5.5% during the 3rd quarter. Meritage Portfolio Management now owns 8,668 shares of the industrial products company’s stock worth $537,000 after buying an additional 449 shares during the period. 95.36% of the stock is owned by institutional investors and hedge funds.

Berry Global Group Stock Performance

Shares of NYSE BERY opened at $56.91 on Thursday. The company has a debt-to-equity ratio of 2.62, a current ratio of 1.67 and a quick ratio of 0.95. Berry Global Group, Inc. has a one year low of $53.83 and a one year high of $69.93. The business’s 50-day moving average price is $58.83 and its two-hundred day moving average price is $61.45. The company has a market capitalization of $6.60 billion, a P/E ratio of 12.24, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25.

Berry Global Group (NYSE:BERY) last announced its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.07). Berry Global Group had a net margin of 4.51% and a return on equity of 26.79%. The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the prior year, the firm earned $1.30 earnings per share. The firm’s quarterly revenue was down 6.8% compared to the same quarter last year. Analysts anticipate that Berry Global Group, Inc. will post 7.38 earnings per share for the current fiscal year.

Berry Global Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $0.275 per share. The ex-dividend date was Thursday, February 29th. This represents a $1.10 annualized dividend and a dividend yield of 1.93%. Berry Global Group’s dividend payout ratio (DPR) is 23.66%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. StockNews.com cut shares of Berry Global Group from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. UBS Group lifted their price objective on shares of Berry Global Group from $76.00 to $89.00 and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Royal Bank of Canada restated a “sector perform” rating and issued a $62.00 target price (down previously from $72.00) on shares of Berry Global Group in a report on Friday, March 15th. Mizuho lowered their price target on Berry Global Group from $74.00 to $65.00 and set a “neutral” rating on the stock in a report on Thursday, February 8th. Finally, Truist Financial reissued a “hold” rating and set a $68.00 price target (down from $75.00) on shares of Berry Global Group in a research report on Wednesday, March 27th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $72.00.

Insider Activity

In other Berry Global Group news, Director Jonathan F. Foster acquired 1,000 shares of Berry Global Group stock in a transaction that occurred on Monday, February 12th. The stock was acquired at an average price of $58.49 per share, with a total value of $58,490.00. Following the purchase, the director now owns 5,728 shares in the company, valued at $335,030.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Peter T. Thomas bought 2,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was purchased at an average price of $56.00 per share, with a total value of $112,000.00. Following the completion of the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at $112,000. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jonathan F. Foster purchased 1,000 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was purchased at an average cost of $58.49 per share, for a total transaction of $58,490.00. Following the transaction, the director now owns 5,728 shares of the company’s stock, valued at $335,030.72. The disclosure for this purchase can be found here. 4.00% of the stock is owned by insiders.

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.