Bailard Inc. Acquires Shares of 3,767 Berry Global Group, Inc. (NYSE:BERY)

Bailard Inc. bought a new position in Berry Global Group, Inc. (NYSE:BERY) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,767 shares of the industrial products company’s stock, valued at approximately $254,000.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC acquired a new position in Berry Global Group in the 4th quarter worth approximately $31,000. First Horizon Advisors Inc. raised its stake in 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 valued at $34,000 after purchasing an additional 224 shares during the period. Blue Trust Inc. lifted its holdings in shares of Berry Global Group by 203.7% in the fourth quarter. Blue Trust Inc. now owns 650 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 436 shares in the last quarter. CWM LLC boosted its position in shares of Berry Global Group by 200.0% in the fourth quarter. CWM LLC now owns 1,575 shares of the industrial products company’s stock worth $106,000 after buying an additional 1,050 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of Berry Global Group during the third quarter valued at $101,000. Institutional investors and hedge funds own 95.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BERY shares. UBS Group increased their price objective on Berry Global Group from $76.00 to $89.00 and gave the stock a “buy” rating in a research note on Tuesday, January 16th. StockNews.com lowered 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 report on Friday, March 1st. They set a “peer perform” rating on the stock. Robert W. Baird reiterated a “neutral” rating and set a $65.00 price objective (down from $68.00) on shares of Berry Global Group in a report on Tuesday, April 16th. Finally, Truist Financial reissued a “hold” rating and set a $68.00 price objective (down previously from $75.00) on shares of Berry Global Group in a research report on Wednesday, March 27th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $72.00.

Insider Activity at Berry Global Group

In other news, Director Jonathan F. Foster bought 1,000 shares of the business’s stock in a transaction on Monday, February 12th. The stock was purchased at an average price of $58.49 per share, with a total value of $58,490.00. Following the transaction, the director now directly owns 5,728 shares in the company, valued at $335,030.72. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Berry Global Group news, Director Peter T. Thomas purchased 2,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was bought at an average cost of $56.00 per share, for a total transaction of $112,000.00. Following the completion of the acquisition, the director now directly owns 2,000 shares in the company, valued at $112,000. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jonathan F. Foster bought 1,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were bought at an average price of $58.49 per share, with a total value of $58,490.00. Following the completion of the purchase, the director now 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 currently owned by company insiders.

Berry Global Group Price Performance

Shares of NYSE:BERY opened at $57.05 on Monday. The company has a debt-to-equity ratio of 2.62, a current ratio of 1.67 and a quick ratio of 0.95. The stock has a market capitalization of $6.61 billion, a P/E ratio of 12.27, a P/E/G ratio of 0.77 and a beta of 1.25. The business has a 50-day moving average of $58.73 and a two-hundred day moving average of $61.44. Berry Global Group, Inc. has a fifty-two week low of $53.83 and a fifty-two week high of $69.93.

Berry Global Group (NYSE:BERY) last posted its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.29 by ($0.07). Berry Global Group had a return on equity of 26.79% and a net margin of 4.51%. The company had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same quarter last year, the firm posted $1.30 earnings per share. The firm’s revenue for the quarter was down 6.8% compared to the same quarter last year. On average, equities research analysts predict that Berry Global Group, Inc. will post 7.38 EPS for the current fiscal year.

Berry Global Group Dividend Announcement

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

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.