Berry Global Group, Inc. (NYSE:BERY) Shares Bought by LPL Financial LLC

LPL Financial LLC lifted its stake in shares of Berry Global Group, Inc. (NYSE:BERY) by 52.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,108 shares of the industrial products company’s stock after acquiring an additional 12,780 shares during the period. LPL Financial LLC’s holdings in Berry Global Group were worth $2,400,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. UMB Bank n.a. lifted its position in Berry Global Group by 89.0% during the fourth quarter. UMB Bank n.a. now owns 650 shares of the industrial products company’s stock valued at $42,000 after buying an additional 306 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in Berry Global Group by 3,569.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 844 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 821 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in Berry Global Group by 463.5% in the fourth quarter. Venturi Wealth Management LLC now owns 1,065 shares of the industrial products company’s stock worth $69,000 after purchasing an additional 876 shares during the period. Harvest Fund Management Co. Ltd grew its position in shares of Berry Global Group by 25,814.3% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 1,814 shares of the industrial products company’s stock valued at $117,000 after buying an additional 1,807 shares during the last quarter. Finally, Merit Financial Group LLC bought a new stake in shares of Berry Global Group in the 4th quarter worth approximately $200,000. 95.36% of the stock is currently owned by hedge funds and other institutional investors.

Berry Global Group Price Performance

NYSE:BERY opened at $67.12 on Monday. Berry Global Group, Inc. has a one year low of $55.24 and a one year high of $74.24. The company has a market cap of $7.77 billion, a P/E ratio of 16.74, a P/E/G ratio of 1.54 and a beta of 1.14. The firm’s fifty day moving average price is $69.69 and its two-hundred day moving average price is $68.53. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.61 and a quick ratio of 1.09.

Berry Global Group (NYSE:BERY) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. Berry Global Group had a return on equity of 28.26% and a net margin of 3.99%. The company had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter last year, the business earned $1.22 earnings per share. Berry Global Group’s revenue was up 2.2% on a year-over-year basis. Equities analysts expect that Berry Global Group, Inc. will post 6.25 earnings per share for the current year.

Berry Global Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.85%. The ex-dividend date was Monday, March 3rd. Berry Global Group’s dividend payout ratio (DPR) is 30.92%.

Analysts Set New Price Targets

A number of research firms recently commented on BERY. UBS Group raised their price objective on shares of Berry Global Group from $72.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Truist Financial lifted their price target on Berry Global Group from $74.00 to $76.00 and gave the company a “hold” rating in a report on Monday, February 10th. Finally, StockNews.com began coverage on Berry Global Group in a report on Thursday. They set a “buy” rating for the company. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $74.56.

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.