KBC Group NV Purchases 202 Shares of Berry Global Group, Inc. (NYSE:BERY)

KBC Group NV raised its position in Berry Global Group, Inc. (NYSE:BERY) by 4.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,365 shares of the industrial products company’s stock after buying an additional 202 shares during the period. KBC Group NV’s holdings in Berry Global Group were worth $305,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Highland Capital Management LLC purchased a new position in shares of Berry Global Group in the 1st quarter worth about $338,000. Bessemer Group Inc. raised its position in Berry Global Group by 66.8% in the first quarter. Bessemer Group Inc. now owns 507 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 203 shares during the period. Retirement Systems of Alabama boosted its stake in Berry Global Group by 1.1% in the first quarter. Retirement Systems of Alabama now owns 140,942 shares of the industrial products company’s stock valued at $9,839,000 after acquiring an additional 1,599 shares during the last quarter. Blue Trust Inc. grew its position in shares of Berry Global Group by 33.0% during the 1st quarter. Blue Trust Inc. now owns 4,077 shares of the industrial products company’s stock valued at $285,000 after acquiring an additional 1,012 shares during the period. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in shares of Berry Global Group in the 1st quarter worth approximately $239,000. Institutional investors own 95.36% of the company’s stock.

Berry Global Group Price Performance

Berry Global Group stock opened at $67.69 on Friday. The firm has a market capitalization of $7.84 billion, a P/E ratio of 16.88, a PEG ratio of 1.54 and a beta of 1.14. Berry Global Group, Inc. has a one year low of $58.13 and a one year high of $74.24. 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 business has a fifty day moving average price of $67.73 and a 200-day moving average price of $68.14.

Berry Global Group (NYSE:BERY) last issued its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.03. The business had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.60 billion. Berry Global Group had a return on equity of 28.26% and a net margin of 3.99%. The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.95 EPS. As a group, equities research analysts forecast that Berry Global Group, Inc. will post 6.25 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wall Street Zen assumed coverage on Berry Global Group in a report on Tuesday, May 20th. They set a “buy” rating for the company. Truist Financial cut their price target on Berry Global Group from $76.00 to $71.00 and set a “hold” rating for the company in a research note on Tuesday, April 22nd. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $74.29.

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.