19,165 Shares in Berry Global Group, Inc. (NYSE:BERY) Purchased by Bank of Nova Scotia

Bank of Nova Scotia acquired a new position in Berry Global Group, Inc. (NYSE:BERYFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 19,165 shares of the industrial products company’s stock, valued at approximately $1,291,000.

A number of other institutional investors and hedge funds have also made changes to their positions in BERY. Louisiana State Employees Retirement System bought a new position in Berry Global Group in the 4th quarter worth about $2,237,000. Teachers Retirement System of The State of Kentucky lifted its stake in shares of Berry Global Group by 96.0% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 40,174 shares of the industrial products company’s stock worth $2,488,000 after buying an additional 19,674 shares in the last quarter. South Dakota Investment Council purchased a new stake in shares of Berry Global Group during the fourth quarter valued at approximately $2,508,000. AQR Capital Management LLC grew its holdings in shares of Berry Global Group by 2.3% during the third quarter. AQR Capital Management LLC now owns 1,005,173 shares of the industrial products company’s stock valued at $62,230,000 after buying an additional 22,137 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its position in shares of Berry Global Group by 67.0% during the third quarter. Canada Pension Plan Investment Board now owns 97,700 shares of the industrial products company’s stock valued at $6,049,000 after acquiring an additional 39,200 shares in the last quarter. Institutional investors own 95.36% of the company’s stock.

Berry Global Group Trading Down 2.4 %

NYSE:BERY opened at $59.51 on Friday. Berry Global Group, Inc. has a one year low of $53.92 and a one year high of $69.93. The business has a fifty day moving average price of $58.93 and a 200-day moving average price of $61.85. The firm has a market capitalization of $6.81 billion, a price-to-earnings ratio of 14.14, a price-to-earnings-growth ratio of 1.28 and a beta of 1.19. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.74 and a quick ratio of 1.01.

Berry Global Group (NYSE:BERYGet Free Report) last issued its quarterly earnings results on Thursday, May 9th. The industrial products company reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.05. Berry Global Group had a return on equity of 26.55% and a net margin of 4.12%. The business had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter in the prior year, the business posted $1.96 earnings per share. The business’s quarterly revenue was down 6.4% on a year-over-year basis. Sell-side analysts forecast that Berry Global Group, Inc. will post 7.43 EPS for the current year.

Berry Global Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 1.85%. The ex-dividend date is Monday, June 3rd. Berry Global Group’s dividend payout ratio is currently 26.13%.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $62.00 target price (down from $72.00) on shares of Berry Global Group in a research note on Friday, March 15th. Barclays decreased their target price on Berry Global Group from $67.00 to $64.00 and set an “equal weight” rating for the company in a research report on Monday, February 12th. Robert W. Baird reaffirmed a “neutral” rating and set a $65.00 price target (down previously from $68.00) on shares of Berry Global Group in a report on Tuesday, April 16th. Wolfe Research initiated coverage on shares of Berry Global Group in a research note on Friday, March 1st. They issued a “peer perform” rating for the company. Finally, Truist Financial restated 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. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $72.60.

View Our Latest Research Report on BERY

Insider Buying and Selling at Berry Global Group

In other news, CFO Mark W. Miles sold 1,118 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $60.29, for a total transaction of $67,404.22. Following the sale, the chief financial officer now directly owns 119,384 shares in the company, valued at approximately $7,197,661.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Mark W. Miles sold 1,118 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $60.29, for a total value of $67,404.22. Following the completion of the transaction, the chief financial officer now owns 119,384 shares of the company’s stock, valued at $7,197,661.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Peter T. Thomas bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were acquired at an average cost of $59.50 per share, for a total transaction of $59,500.00. Following the purchase, the director now directly owns 4,407 shares in the company, valued at approximately $262,216.50. The disclosure for this purchase can be found here. Insiders own 4.00% of the company’s stock.

Berry Global Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Berry Global Group (NYSE:BERY)

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