EverSource Wealth Advisors LLC Boosts Stake in Berry Global Group, Inc. (NYSE:BERY)

EverSource Wealth Advisors LLC increased its holdings in Berry Global Group, Inc. (NYSE:BERYFree Report) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 81,728 shares of the industrial products company’s stock after acquiring an additional 3,531 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Berry Global Group were worth $5,508,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BERY. LSV Asset Management boosted its stake in Berry Global Group by 4.1% in the fourth quarter. LSV Asset Management now owns 4,330,213 shares of the industrial products company’s stock valued at $291,813,000 after acquiring an additional 170,317 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Berry Global Group by 2.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,282,248 shares of the industrial products company’s stock worth $221,191,000 after buying an additional 81,496 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Berry Global Group by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,212,389 shares of the industrial products company’s stock worth $149,099,000 after buying an additional 38,414 shares during the period. Ancora Advisors LLC lifted its stake in Berry Global Group by 5.7% in the third quarter. Ancora Advisors LLC now owns 1,238,927 shares of the industrial products company’s stock valued at $76,702,000 after buying an additional 66,787 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Berry Global Group during the fourth quarter valued at $81,617,000. Hedge funds and other institutional investors own 95.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. StockNews.com downgraded shares of Berry Global Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th. Barclays reduced their price objective on Berry Global Group from $67.00 to $64.00 and set an “equal weight” rating for the company in a research report on Monday, February 12th. Royal Bank of Canada restated a “sector perform” rating and issued a $62.00 target price (down from $72.00) on shares of Berry Global Group in a research report on Friday, March 15th. Wolfe Research began coverage on Berry Global Group in a research report on Friday, March 1st. They set a “peer perform” rating for the company. 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 report on Wednesday, March 27th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Berry Global Group has a consensus rating of “Hold” and a consensus target price of $72.60.

Check Out Our Latest Stock Analysis on BERY

Insider Activity at Berry Global Group

In other Berry Global Group news, CFO Mark W. Miles sold 1,118 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $60.29, for a total transaction of $67,404.22. Following the completion of the sale, the chief financial officer now directly owns 119,384 shares of the company’s stock, valued at $7,197,661.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 4.00% of the stock is currently owned by corporate insiders.

Berry Global Group Price Performance

Shares of BERY traded up $0.04 during mid-day trading on Tuesday, hitting $60.42. The company’s stock had a trading volume of 553,768 shares, compared to its average volume of 1,119,870. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.74 and a quick ratio of 1.01. The firm has a 50-day moving average price of $58.89 and a 200 day moving average price of $61.87. Berry Global Group, Inc. has a fifty-two week low of $53.92 and a fifty-two week high of $69.93. The stock has a market capitalization of $6.91 billion, a price-to-earnings ratio of 14.30, a PEG ratio of 0.82 and a beta of 1.24.

Berry Global Group (NYSE:BERYGet Free Report) last posted its quarterly earnings results on Thursday, May 9th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.05. Berry Global Group had a net margin of 4.12% and a return on equity of 26.55%. The firm had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same quarter in the previous year, the business posted $1.96 earnings per share. The firm’s quarterly revenue was down 6.4% compared to the same quarter last year. On average, research analysts predict that Berry Global Group, Inc. will post 7.42 EPS for the current fiscal year.

Berry Global Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Monday, June 3rd. Berry Global Group’s dividend payout ratio is 26.13%.

Berry Global Group Profile

(Free Report)

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.

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

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