Stifel Financial Corp Trims Holdings in Berry Global Group, Inc. (NYSE:BERY)

Stifel Financial Corp decreased its position in shares of Berry Global Group, Inc. (NYSE:BERY) by 11.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,410 shares of the industrial products company’s stock after selling 1,440 shares during the period. Stifel Financial Corp’s holdings in Berry Global Group were worth $738,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. UMB Bank n.a. lifted its stake in shares of Berry Global Group by 89.0% during the 4th 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. Quadrant Capital Group LLC raised its holdings in Berry Global Group by 28.8% during the fourth quarter. Quadrant Capital Group LLC now owns 738 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 165 shares during the period. Steward Partners Investment Advisory LLC lifted its position in shares of 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 valued at $55,000 after acquiring an additional 821 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in shares of 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 acquiring an additional 876 shares during the period. Finally, Atlas Capital Advisors Inc. grew its position in shares of Berry Global Group by 7,390.9% during the fourth quarter. Atlas Capital Advisors Inc. now owns 1,648 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 1,626 shares in the last quarter. Hedge funds and other institutional investors own 95.36% of the company’s stock.

Wall Street Analysts Forecast Growth

BERY has been the subject of several recent analyst reports. UBS Group upped their price target on Berry Global Group from $72.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. StockNews.com started coverage on shares of Berry Global Group in a research report on Sunday, May 4th. They set a “buy” rating for the company. Finally, Truist Financial reduced their price target on shares of Berry Global Group from $76.00 to $71.00 and set a “hold” rating on the stock in a report on Tuesday, April 22nd. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Berry Global Group has an average rating of “Hold” and an average target price of $74.29.

Berry Global Group Price Performance

Berry Global Group stock opened at $67.69 on Friday. Berry Global Group, Inc. has a 52-week low of $57.52 and a 52-week high of $74.24. The company has a quick ratio of 1.09, a current ratio of 1.61 and a debt-to-equity ratio of 3.35. The firm’s fifty day moving average is $68.44 and its 200 day moving average is $68.51. The company has a market cap of $7.84 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 1.54 and a beta of 1.14.

Berry Global Group (NYSE:BERY) last announced its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.03. Berry Global Group had a net margin of 3.99% and a return on equity of 28.26%. The firm had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter last year, the firm earned $1.95 EPS. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. Sell-side analysts forecast that Berry Global Group, Inc. will post 6.25 EPS for the current fiscal year.

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.