Swiss National Bank Has $15.69 Million Stock Holdings in Berry Global Group, Inc. (NYSE:BERY)

Swiss National Bank reduced its holdings in Berry Global Group, Inc. (NYSE:BERY) by 11.2% in the 4th quarter, HoldingsChannel reports. The fund owned 232,818 shares of the industrial products company’s stock after selling 29,300 shares during the period. Swiss National Bank’s holdings in Berry Global Group were worth $15,690,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of BERY. GAMMA Investing LLC acquired a new stake in Berry Global Group during the 4th quarter valued at approximately $31,000. First Horizon Advisors Inc. boosted its stake in shares of Berry Global Group by 69.6% in 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 last quarter. Blue Trust Inc. increased its position in shares of Berry Global Group by 203.7% during the fourth quarter. Blue Trust Inc. now owns 650 shares of the industrial products company’s stock worth $40,000 after buying an additional 436 shares during the period. SG Americas Securities LLC bought a new position in Berry Global Group during the third quarter worth $101,000. Finally, 1620 Investment Advisors Inc. acquired a new position in Berry Global Group in the third quarter valued at $102,000. Institutional investors own 95.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BERY. UBS Group increased their price target on Berry Global Group from $76.00 to $89.00 and gave the stock a “buy” rating in a report on Tuesday, January 16th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $62.00 target price (down from $72.00) on shares of Berry Global Group in a report on Friday, March 15th. Barclays cut their price target on Berry Global Group from $67.00 to $64.00 and set an “equal weight” rating on the stock in a report on Monday, February 12th. StockNews.com lowered shares of Berry Global Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th. Finally, Mizuho dropped their target price on shares of Berry Global Group from $74.00 to $65.00 and set a “neutral” rating on the stock in a research report on Thursday, February 8th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $72.00.

Berry Global Group Price Performance

BERY stock opened at $59.77 on Friday. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.95 and a current ratio of 1.67. The business has a 50-day simple moving average of $58.76 and a two-hundred day simple moving average of $61.54. The company has a market capitalization of $6.93 billion, a P/E ratio of 12.85, a price-to-earnings-growth ratio of 0.80 and a beta of 1.24. Berry Global Group, Inc. has a 52-week low of $53.92 and a 52-week high of $69.93.

Berry Global Group (NYSE:BERY) last announced its earnings results 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). The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Berry Global Group had a return on equity of 26.79% and a net margin of 4.51%. Berry Global Group’s quarterly revenue was down 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.30 EPS. Research analysts expect that Berry Global Group, Inc. will post 7.38 EPS for the current fiscal year.

Berry Global Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Monday, June 3rd. Berry Global Group’s dividend payout ratio is presently 23.66%.

Insider Transactions at Berry Global Group

In related news, Director Jonathan F. Foster acquired 1,000 shares of the stock in a transaction on Monday, February 12th. The shares were acquired 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 owns 5,728 shares in the company, valued at approximately $335,030.72. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 4.00% of the company’s stock.

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.