Berry Global Group, Inc. (NYSE:BERY) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Berry Global Group, Inc. (NYSE:BERY) by 12.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 25,725 shares of the industrial products company’s stock after acquiring an additional 2,816 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Berry Global Group were worth $1,734,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Coombe Bender & Co LLC lifted 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 valued at $385,000 after purchasing an additional 196 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in 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 buying an additional 222 shares during the period. First Horizon Advisors Inc. increased its position in shares of Berry Global Group by 69.6% in the third quarter. First Horizon Advisors Inc. now owns 546 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 224 shares in the last quarter. Blue Trust Inc. raised its stake 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 acquiring an additional 436 shares during the period. Finally, Meritage Portfolio Management boosted its position 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 purchasing an additional 449 shares during the period. 95.36% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Berry Global Group

In other news, Director Peter T. Thomas purchased 2,000 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were acquired at an average cost of $56.00 per share, with a total value of $112,000.00. Following the transaction, the director now owns 2,000 shares in the company, valued at approximately $112,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Berry Global Group news, Director Jonathan F. Foster bought 1,000 shares of the business’s 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 completion of 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter T. Thomas bought 2,000 shares of the stock in a transaction dated Thursday, February 8th. The shares were bought at an average cost of $56.00 per share, with a total value of $112,000.00. Following the completion of the acquisition, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $112,000. The disclosure for this purchase can be found here. Insiders own 4.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on BERY. TheStreet lowered Berry Global Group from a “b-” rating to a “c+” rating in a research report on Monday, February 26th. Wolfe Research started coverage on Berry Global Group in a report on Friday, March 1st. They issued a “peer perform” rating for the company. Robert W. Baird reiterated a “neutral” rating and set a $65.00 price objective (down previously from $68.00) on shares of Berry Global Group in a research note on Tuesday, April 16th. UBS Group boosted their target price 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. Finally, StockNews.com downgraded shares of Berry Global Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $72.00.

Berry Global Group Stock Up 1.0 %

Shares of NYSE:BERY opened at $56.91 on Thursday. Berry Global Group, Inc. has a 12-month low of $53.83 and a 12-month high of $69.93. 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 firm has a market cap of $6.60 billion, a PE ratio of 12.24, a price-to-earnings-growth ratio of 0.77 and a beta of 1.25. The company has a fifty day simple moving average of $58.83 and a 200 day simple moving average of $61.45.

Berry Global Group (NYSE:BERY) last issued its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.07). The company had revenue of $2.85 billion during 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 for the quarter was down 6.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.30 EPS. On average, equities research analysts anticipate that Berry Global Group, Inc. will post 7.38 EPS for the current fiscal year.

Berry Global Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Thursday, February 29th. Berry Global Group’s dividend payout ratio is presently 23.66%.

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.