Strs Ohio Sells 10,501 Shares of Berry Global Group, Inc. (NYSE:BERY)

Strs Ohio decreased its holdings 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 SEC. The institutional investor owned 69,814 shares of the industrial products company’s stock after selling 10,501 shares during the quarter. Strs Ohio’s holdings in Berry Global Group were worth $4,704,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Guggenheim Capital LLC lifted 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 in the last quarter. Eqis Capital Management Inc. lifted 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 worth $737,000 after buying an additional 181 shares in the last quarter. Coombe Bender & Co LLC lifted its position in shares of Berry Global Group by 3.3% during 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 position in shares of Berry Global Group by 0.3% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 78,197 shares of the industrial products company’s stock worth $4,841,000 after buying an additional 222 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its position in shares of Berry Global Group by 69.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 546 shares of the industrial products company’s stock worth $34,000 after buying an additional 224 shares in the last quarter. Institutional investors own 95.36% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on BERY. StockNews.com cut shares of Berry Global Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th. Wolfe Research began coverage on shares of Berry Global Group in a research report on Friday, March 1st. They set a “peer perform” rating on the stock. TheStreet cut shares of Berry Global Group from a “b-” rating to a “c+” rating in a research report on Monday, February 26th. Truist Financial reissued a “hold” rating and set a $68.00 target price (down previously from $75.00) on shares of Berry Global Group in a research report on Wednesday, March 27th. Finally, UBS Group lifted their price target on shares of Berry Global Group from $76.00 to $89.00 and gave the stock a “buy” rating in a report on Tuesday, January 16th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $72.00.

Berry Global Group Trading Up 0.7 %

NYSE:BERY opened at $56.34 on Friday. The company has a current ratio of 1.67, a quick ratio of 0.95 and a debt-to-equity ratio of 2.62. The stock has a market capitalization of $6.53 billion, a PE ratio of 12.12, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25. The firm’s 50 day moving average is $58.95 and its 200 day moving average is $61.46. Berry Global Group, Inc. has a 12 month low of $53.83 and a 12 month high of $69.93.

Berry Global Group (NYSE:BERY) last released its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the prior year, the firm posted $1.30 earnings per share. The firm’s quarterly revenue was down 6.8% on a year-over-year basis. Sell-side analysts expect that Berry Global Group, Inc. will post 7.41 earnings per share for the current year.

Berry Global Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors 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 yield of 1.95%. Berry Global Group’s dividend payout ratio is 23.66%.

Insider Activity at Berry Global Group

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

Berry Global Group Company 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.