Ensign Peak Advisors Inc raised its position in Berry Global Group, Inc. (NYSE:BERY – Get Rating) by 6.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,360 shares of the industrial products company’s stock after purchasing an additional 1,400 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Berry Global Group were worth $1,040,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Wipfli Financial Advisors LLC acquired a new stake in shares of Berry Global Group in the third quarter valued at about $30,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Berry Global Group in the first quarter valued at about $38,000. Ronald Blue Trust Inc. acquired a new stake in shares of Berry Global Group in the second quarter valued at about $40,000. American National Bank acquired a new stake in shares of Berry Global Group in the third quarter valued at about $33,000. Finally, American International Group Inc. increased its stake in shares of Berry Global Group by 19.6% in the second quarter. American International Group Inc. now owns 1,690 shares of the industrial products company’s stock valued at $92,000 after buying an additional 277 shares during the period. 94.02% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. UBS Group increased their price target on Berry Global Group from $69.00 to $75.00 in a research note on Friday, November 25th. Truist Financial cut Berry Global Group from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a research note on Thursday, January 5th. Credit Suisse Group decreased their target price on Berry Global Group from $78.00 to $75.00 and set an “outperform” rating for the company in a research note on Tuesday, December 6th. Citigroup raised their target price on Berry Global Group from $75.00 to $81.00 and gave the stock a “buy” rating in a research note on Sunday, February 5th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Berry Global Group from $70.00 to $75.00 in a research note on Friday, February 3rd. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $71.75.
Berry Global Group Stock Down 2.8 %
Berry Global Group (NYSE:BERY – Get Rating) last posted its earnings results on Thursday, February 2nd. The industrial products company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.03. The company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.34 billion. Berry Global Group had a return on equity of 30.05% and a net margin of 5.37%. The company’s revenue for the quarter was down 14.4% on a year-over-year basis. During the same quarter last year, the company earned $1.25 earnings per share. Sell-side analysts expect that Berry Global Group, Inc. will post 7.43 EPS for the current fiscal year.
Berry Global Group Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, February 28th. This represents a $1.00 dividend on an annualized basis and a yield of 1.74%. Berry Global Group’s dividend payout ratio (DPR) is currently 17.30%.
Insider Buying and Selling
In related news, CFO Mark W. Miles sold 37,942 shares of Berry Global Group stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $61.27, for a total transaction of $2,324,706.34. Following the sale, the chief financial officer now directly owns 47,058 shares in the company, valued at $2,883,243.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.30% of the stock is currently owned by corporate insiders.
Berry Global Group Company Profile
Berry Global Group, Inc engages in the provision of innovative rigid, flexible, and non-woven products. It operates through the following segments: Consumer Packaging International, Consumer Packaging North America, Engineered Materials, and Health, Hygiene and Specialties. The Consumer Packaging International segment consists of rigid products that primarily service non-North American markets.
- Get a free copy of the StockNews.com research report on Berry Global Group (BERY)
- What the SVB Financial Collapse Means for U.S. Banks
- MarketBeat Week in Review – 3/6 – 3/10
- 2 Offshore Drilling Stocks Set to Extract Big Profits
- Three Staples Stocks With Double-Digit Upside Ahead
- Can Investors Trust Consumers to Lift American Outdoor Brands?
Receive News & Ratings for Berry Global Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Berry Global Group and related companies with MarketBeat.com's FREE daily email newsletter.