Victory Capital Management Inc. reduced its stake in shares of Berry Global Group Inc (NYSE:BERY) by 35.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 208,066 shares of the industrial products company’s stock after selling 114,284 shares during the quarter. Victory Capital Management Inc.’s holdings in Berry Global Group were worth $12,208,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Atlantic Trust Group LLC lifted its stake in Berry Global Group by 184.5% in the third quarter. Atlantic Trust Group LLC now owns 861,120 shares of the industrial products company’s stock valued at $48,784,000 after acquiring an additional 558,411 shares during the last quarter. California Public Employees Retirement System lifted its stake in Berry Global Group by 4.8% in the third quarter. California Public Employees Retirement System now owns 296,410 shares of the industrial products company’s stock valued at $16,792,000 after acquiring an additional 13,520 shares during the last quarter. Braun Stacey Associates Inc. lifted its stake in Berry Global Group by 4.9% in the fourth quarter. Braun Stacey Associates Inc. now owns 184,485 shares of the industrial products company’s stock valued at $10,823,000 after acquiring an additional 8,560 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Berry Global Group by 21.0% in the third quarter. Public Employees Retirement System of Ohio now owns 130,020 shares of the industrial products company’s stock valued at $7,366,000 after acquiring an additional 22,572 shares during the last quarter. Finally, Advisors Capital Management LLC lifted its stake in Berry Global Group by 7.4% in the fourth quarter. Advisors Capital Management LLC now owns 50,792 shares of the industrial products company’s stock valued at $2,980,000 after acquiring an additional 3,487 shares during the last quarter. Hedge funds and other institutional investors own 94.22% of the company’s stock.

In other news, CFO Mark W. Miles sold 10,000 shares of Berry Global Group stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $58.54, for a total value of $585,400.00. Following the transaction, the chief financial officer now owns 52,916 shares of the company’s stock, valued at $3,097,702.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 3.00% of the company’s stock.

A number of analysts have issued reports on BERY shares. BidaskClub upgraded shares of Berry Global Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 25th. Deutsche Bank lifted their target price on shares of Berry Global Group from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, November 17th. Robert W. Baird lifted their target price on shares of Berry Global Group from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, November 17th. Royal Bank of Canada lifted their target price on shares of Berry Global Group from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Monday, November 20th. Finally, BMO Capital Markets lifted their target price on shares of Berry Global Group from $63.00 to $65.00 and gave the company a “market perform” rating in a research note on Monday, November 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the company. Berry Global Group has an average rating of “Buy” and an average price target of $68.00.

Berry Global Group Inc (NYSE BERY) opened at $55.07 on Thursday. Berry Global Group Inc has a 52-week low of $47.19 and a 52-week high of $61.71. The company has a market cap of $7,210.00, a P/E ratio of 16.49, a PEG ratio of 0.72 and a beta of 0.99. The company has a debt-to-equity ratio of 4.69, a current ratio of 1.72 and a quick ratio of 0.96.

Berry Global Group (NYSE:BERY) last released its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.02. Berry Global Group had a net margin of 6.13% and a return on equity of 47.10%. The company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same quarter last year, the firm posted $0.50 earnings per share. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. sell-side analysts forecast that Berry Global Group Inc will post 3.78 EPS for the current year.

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Berry Global Group Company Profile

Berry Global Group, Inc, formerly Berry Plastics Group, Inc, is a provider of value-added plastic consumer packaging, non-woven specialty materials and engineered materials. The Company offers products, such as closures, prescription vials, specialty films, adhesives, nonwovens, drink cups, containers and bottles.

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Institutional Ownership by Quarter for Berry Global Group (NYSE:BERY)

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