UMB Bank n.a. Has $87,000 Position in Berry Global Group, Inc. (NYSE:BERY)

UMB Bank n.a. raised its stake in Berry Global Group, Inc. (NYSE:BERY) by 92.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,249 shares of the industrial products company’s stock after acquiring an additional 599 shares during the period. UMB Bank n.a.’s holdings in Berry Global Group were worth $87,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of BERY. Geode Capital Management LLC increased its position in shares of Berry Global Group by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 1,989,350 shares of the industrial products company’s stock worth $128,691,000 after purchasing an additional 6,833 shares during the period. Khrom Capital Management LLC grew its stake in Berry Global Group by 14.8% during the fourth quarter. Khrom Capital Management LLC now owns 1,630,007 shares of the industrial products company’s stock worth $105,413,000 after buying an additional 210,046 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in Berry Global Group in the 4th quarter valued at about $105,092,000. Norges Bank acquired a new position in shares of Berry Global Group in the 4th quarter valued at approximately $91,526,000. Finally, Magnetar Financial LLC acquired a new position in shares of Berry Global Group in the 4th quarter valued at approximately $71,882,000. 95.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BERY. Wall Street Zen began coverage on shares of Berry Global Group in a research report on Tuesday, May 20th. They set a “buy” rating on the stock. Truist Financial reduced their target price on 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 analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Berry Global Group presently has a consensus rating of “Hold” and an average target price of $74.29.

Berry Global Group Price Performance

BERY stock opened at $67.69 on Friday. The stock has a market cap of $7.84 billion, a price-to-earnings ratio of 16.88, a P/E/G ratio of 1.54 and a beta of 1.14. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.61 and a quick ratio of 1.09. The company has a 50 day simple moving average of $67.38 and a 200 day simple moving average of $68.36. Berry Global Group, Inc. has a 1 year low of $57.80 and a 1 year high of $74.24.

Berry Global Group (NYSE:BERY) last posted its earnings results on Wednesday, April 30th. The industrial products company reported $1.55 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $2.60 billion. During the same quarter in the previous year, the firm posted $1.95 earnings per share. The company’s revenue was up .0% on a year-over-year basis. Research analysts anticipate 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.