Berry Global Group, Inc. (NYSE:BERY) Shares Acquired by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC grew its position in Berry Global Group, Inc. (NYSE:BERY) by 18.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,717 shares of the industrial products company’s stock after acquiring an additional 2,170 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Berry Global Group were worth $924,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in BERY. Ancora Advisors LLC lifted its holdings in Berry Global Group by 5.7% in the 3rd quarter. Ancora Advisors LLC now owns 1,238,927 shares of the industrial products company’s stock valued at $76,702,000 after purchasing an additional 66,787 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Berry Global Group by 2.3% in the third quarter. AQR Capital Management LLC now owns 1,005,173 shares of the industrial products company’s stock worth $62,230,000 after buying an additional 22,137 shares in the last quarter. Mariner LLC boosted its position in Berry Global Group by 7.8% during the third quarter. Mariner LLC now owns 949,817 shares of the industrial products company’s stock worth $58,803,000 after acquiring an additional 69,062 shares during the last quarter. William Blair Investment Management LLC boosted its position in Berry Global Group by 10.9% during the third quarter. William Blair Investment Management LLC now owns 764,503 shares of the industrial products company’s stock worth $47,330,000 after acquiring an additional 74,871 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Berry Global Group by 60.1% during the 3rd quarter. Invesco Ltd. now owns 621,408 shares of the industrial products company’s stock valued at $38,471,000 after acquiring an additional 233,368 shares in the last quarter. 95.36% of the stock is owned by institutional investors and hedge funds.

Berry Global Group Trading Up 1.0 %

Shares of BERY stock opened at $56.91 on Thursday. Berry Global Group, Inc. has a 1-year low of $53.83 and a 1-year high of $69.93. The firm has a market cap of $6.60 billion, a PE ratio of 12.24, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25. The company has a 50-day moving average of $58.83 and a two-hundred day moving average of $61.45. The company has a debt-to-equity ratio of 2.62, a current ratio of 1.67 and a quick ratio of 0.95.

Berry Global Group (NYSE:BERY) last posted its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.07). The company had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Berry Global Group had a return on equity of 26.79% and a net margin of 4.51%. The business’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.30 EPS. On average, analysts predict that Berry Global Group, Inc. will post 7.38 EPS for the current year.

Berry Global Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Thursday, February 29th. Berry Global Group’s dividend payout ratio (DPR) is 23.66%.

Insider Buying and Selling at Berry Global Group

In other Berry Global Group news, Director Jonathan F. Foster purchased 1,000 shares of Berry Global Group stock in a transaction dated Monday, February 12th. The shares were acquired at an average price of $58.49 per share, with a total value of $58,490.00. Following the completion of the transaction, the director now owns 5,728 shares of the company’s stock, valued at $335,030.72. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Jonathan F. Foster acquired 1,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were acquired at an average price of $58.49 per share, with a total value of $58,490.00. Following the completion of the transaction, the director now owns 5,728 shares of the company’s stock, valued at $335,030.72. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Peter T. Thomas acquired 2,000 shares of Berry Global Group stock in a transaction dated Thursday, February 8th. The stock was bought at an average price of $56.00 per share, for a total transaction of $112,000.00. Following the completion of the purchase, the director now owns 2,000 shares of the company’s stock, valued at approximately $112,000. The disclosure for this purchase can be found here. 4.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BERY. TheStreet cut Berry Global Group from a “b-” rating to a “c+” rating in a report on Monday, February 26th. Royal Bank of Canada restated a “sector perform” rating and issued a $62.00 target price (down from $72.00) on shares of Berry Global Group in a report on Friday, March 15th. Mizuho reduced their price target on Berry Global Group from $74.00 to $65.00 and set a “neutral” rating on the stock in a report on Thursday, February 8th. StockNews.com cut shares of Berry Global Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th. Finally, UBS Group raised their price objective on shares of Berry Global Group from $76.00 to $89.00 and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Berry Global Group presently has an average rating of “Hold” and an average price target of $72.00.

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.