Berry Global Group, Inc. (NYSE:BERY) Shares Acquired by AQR Capital Management LLC

AQR Capital Management LLC increased its stake in shares of Berry Global Group, Inc. (NYSE:BERY) by 29.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,438,866 shares of the industrial products company’s stock after acquiring an additional 325,562 shares during the quarter. AQR Capital Management LLC owned about 1.26% of Berry Global Group worth $84,677,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. EdgePoint Investment Group Inc. increased its position in shares of Berry Global Group by 16.7% during the first quarter. EdgePoint Investment Group Inc. now owns 13,548,966 shares of the industrial products company’s stock worth $819,441,000 after purchasing an additional 1,934,137 shares in the last quarter. Vanguard Group Inc. grew its stake in Berry Global Group by 10.2% during the 1st quarter. Vanguard Group Inc. now owns 12,931,050 shares of the industrial products company’s stock worth $782,070,000 after buying an additional 1,200,021 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Berry Global Group by 30.3% during the second quarter. Dimensional Fund Advisors LP now owns 3,472,624 shares of the industrial products company’s stock worth $204,365,000 after buying an additional 807,211 shares during the period. Lyrical Asset Management LP lifted its stake in Berry Global Group by 1.3% in the fourth quarter. Lyrical Asset Management LP now owns 1,918,414 shares of the industrial products company’s stock valued at $129,282,000 after buying an additional 24,563 shares during the last quarter. Finally, Ancora Advisors LLC boosted its holdings in shares of Berry Global Group by 18.7% in the first quarter. Ancora Advisors LLC now owns 1,701,163 shares of the industrial products company’s stock valued at $102,886,000 after acquiring an additional 267,413 shares during the period. 95.36% of the stock is owned by hedge funds and other institutional investors.

Berry Global Group Price Performance

Shares of BERY opened at $69.06 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.08 and a debt-to-equity ratio of 2.57. The stock’s 50 day moving average is $65.71 and its two-hundred day moving average is $61.63. Berry Global Group, Inc. has a twelve month low of $53.92 and a twelve month high of $69.93. The firm has a market capitalization of $7.90 billion, a PE ratio of 16.40, a P/E/G ratio of 1.20 and a beta of 1.15.

Berry Global Group (NYSE:BERY) last posted its quarterly earnings results on Friday, August 2nd. The industrial products company reported $2.18 EPS for the quarter, beating the consensus estimate of $2.02 by $0.16. Berry Global Group had a return on equity of 27.32% and a net margin of 4.55%. The business had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same period last year, the firm earned $1.90 EPS. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. Research analysts anticipate that Berry Global Group, Inc. will post 7.6 earnings per share for the current year.

Berry Global Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.275 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.59%. Berry Global Group’s dividend payout ratio (DPR) is presently 26.13%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. StockNews.com cut shares of Berry Global Group from a “buy” rating to a “hold” rating in a report on Friday, September 13th. UBS Group reduced their target price on shares of Berry Global Group from $89.00 to $77.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Finally, Morgan Stanley initiated coverage on Berry Global Group in a report on Wednesday, September 4th. They set an “equal weight” rating and a $76.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Berry Global Group has a consensus rating of “Hold” and an average price target of $71.82.

Berry Global Group 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.