Berry Global Group, Inc. (NYSE:BERY) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its position in Berry Global Group, Inc. (NYSE:BERY) by 56.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,250 shares of the industrial products company’s stock after selling 5,468 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Berry Global Group were worth $286,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in BERY. Guggenheim Capital LLC increased its position in Berry Global Group by 2.5% in the 2nd quarter. Guggenheim Capital LLC now owns 6,983 shares of the industrial products company’s stock valued at $449,000 after acquiring an additional 168 shares during the period. Eqis Capital Management Inc. increased its position in shares of Berry Global Group by 1.5% during the 4th quarter. Eqis Capital Management Inc. now owns 12,194 shares of the industrial products company’s stock valued at $737,000 after purchasing an additional 181 shares during the period. Coombe Bender & Co LLC raised its stake in shares of Berry Global Group by 3.3% in the 3rd 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 in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Berry Global Group by 0.3% in the third quarter. EverSource Wealth Advisors LLC now owns 78,197 shares of the industrial products company’s stock valued at $4,841,000 after buying an additional 222 shares during the period. Finally, First Horizon Advisors Inc. boosted its stake in 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 buying an additional 224 shares in the last quarter. Institutional investors own 95.36% of the company’s stock.

Berry Global Group Stock Up 0.7 %

Shares of Berry Global Group stock opened at $56.34 on Friday. The stock has a 50-day simple moving average of $58.95 and a 200-day simple moving average of $61.46. Berry Global Group, Inc. has a 52-week low of $53.83 and a 52-week high of $69.93. The firm has a market cap of $6.53 billion, a price-to-earnings ratio of 12.12, a P/E/G ratio of 0.76 and a beta of 1.25. 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 (NYSE:BERY) last issued its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.07). The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.99 billion. Berry Global Group had a net margin of 4.51% and a return on equity of 26.79%. The business’s revenue was down 6.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.30 EPS. On average, equities research analysts expect that Berry Global Group, Inc. will post 7.41 earnings per share for the current fiscal year.

Berry Global Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.275 dividend. The ex-dividend date was Thursday, February 29th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.95%. Berry Global Group’s payout ratio is presently 23.66%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BERY. Barclays cut their price target on shares of Berry Global Group from $67.00 to $64.00 and set an “equal weight” rating for the company in a report on Monday, February 12th. StockNews.com cut shares of Berry Global Group from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. Wolfe Research began coverage on Berry Global Group in a report on Friday, March 1st. They issued a “peer perform” rating on the stock. Mizuho reduced their price objective on Berry Global Group from $74.00 to $65.00 and set a “neutral” rating for the company in a research note on Thursday, February 8th. Finally, TheStreet lowered Berry Global Group from a “b-” rating to a “c+” rating in a research report on Monday, February 26th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $72.00.

Insider Buying and Selling

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

About Berry Global Group

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.