Berry Global Group, Inc. (NYSE:BERY) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System reduced its stake in Berry Global Group, Inc. (NYSE:BERY) by 1.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,800 shares of the industrial products company’s stock after selling 600 shares during the period. Louisiana State Employees Retirement System’s holdings in Berry Global Group were worth $2,162,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Altshuler Shaham Ltd acquired a new stake in shares of Berry Global Group in the 2nd quarter worth approximately $27,000. Quest Partners LLC lifted its stake in shares of Berry Global Group by 54,800.0% in the 2nd quarter. Quest Partners LLC now owns 549 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 548 shares during the period. LRI Investments LLC lifted its stake in shares of Berry Global Group by 1,309.1% in the 2nd quarter. LRI Investments LLC now owns 620 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 576 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in shares of Berry Global Group in the 2nd quarter worth approximately $42,000. Finally, American Capital Advisory LLC acquired a new stake in Berry Global Group during the second quarter valued at approximately $44,000. 95.36% of the stock is owned by institutional investors and hedge funds.

Berry Global Group Stock Down 0.1 %

BERY stock opened at $69.72 on Wednesday. The firm has a market capitalization of $7.98 billion, a P/E ratio of 16.56, a P/E/G ratio of 1.10 and a beta of 1.15. The company has a debt-to-equity ratio of 2.57, a current ratio of 1.82 and a quick ratio of 1.08. The company’s 50 day simple moving average is $67.62 and its 200-day simple moving average is $62.99. Berry Global Group, Inc. has a 52-week low of $54.06 and a 52-week high of $70.86.

Berry Global Group (NYSE:BERY) last released its quarterly earnings data on Friday, August 2nd. The industrial products company reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.16. The firm had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.26 billion. Berry Global Group had a net margin of 4.55% and a return on equity of 27.32%. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.90 EPS. As a group, equities research analysts anticipate that Berry Global Group, Inc. will post 7.6 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on BERY. UBS Group cut their target price on shares of Berry Global Group from $89.00 to $77.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Truist Financial increased their target price on shares of Berry Global Group from $68.00 to $74.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th. Morgan Stanley began coverage on shares of Berry Global Group in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $76.00 target price for the company. Finally, StockNews.com raised shares of Berry Global Group from a “hold” rating to a “buy” rating in a research note on Wednesday. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $71.22.

Insider Buying and Selling at Berry Global Group

In other Berry Global Group news, Director Evan Bayh sold 14,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $70.13, for a total value of $981,820.00. Following the transaction, the director now owns 30,228 shares in the company, valued at approximately $2,119,889.64. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.00% of the company’s stock.

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.