Wedge Capital Management L L P NC Has $6.55 Million Stake in Berry Global Group, Inc. (NYSE:BERY)

Wedge Capital Management L L P NC decreased its stake in shares of Berry Global Group, Inc. (NYSE:BERY) by 8.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 93,786 shares of the industrial products company’s stock after selling 8,331 shares during the period. Wedge Capital Management L L P NC’s holdings in Berry Global Group were worth $6,547,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Quadrant Capital Group LLC increased its holdings in shares of Berry Global Group by 28.8% during the 4th 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 last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Berry Global Group by 3,569.6% during the 4th 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 during the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Berry Global Group by 463.5% during the 4th quarter. Venturi Wealth Management LLC now owns 1,065 shares of the industrial products company’s stock valued at $69,000 after acquiring an additional 876 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Berry Global Group by 92.2% during the 1st quarter. UMB Bank n.a. now owns 1,249 shares of the industrial products company’s stock valued at $87,000 after acquiring an additional 599 shares during the last quarter. Finally, Atlas Capital Advisors Inc. increased its holdings in shares of Berry Global Group by 7,390.9% during the 4th quarter. Atlas Capital Advisors Inc. now owns 1,648 shares of the industrial products company’s stock valued at $107,000 after acquiring an additional 1,626 shares during the last quarter. Institutional investors and hedge funds own 95.36% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on BERY shares. Truist Financial lowered their price objective 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. Wall Street Zen started coverage on Berry Global Group in a report on Tuesday, May 20th. They issued a “buy” rating on the stock. Six investment 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 currently has a consensus rating of “Hold” and a consensus target price of $74.29.

Berry Global Group Stock Performance

BERY opened at $67.69 on Monday. The firm has a market capitalization of $7.84 billion, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14. The stock’s 50 day moving average price is $67.37 and its two-hundred day moving average price is $68.43. The company has a quick ratio of 1.09, a current ratio of 1.61 and a debt-to-equity ratio of 3.35. Berry Global Group, Inc. has a 12-month low of $57.80 and a 12-month high of $74.24.

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

Berry Global Group Company 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.