Pacer Advisors Inc. Has $1.11 Million Stake in Berry Global Group, Inc. (NYSE:BERY)

Pacer Advisors Inc. lifted its holdings in shares of Berry Global Group, Inc. (NYSE:BERY) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,083 shares of the industrial products company’s stock after purchasing an additional 348 shares during the quarter. Pacer Advisors Inc.’s holdings in Berry Global Group were worth $1,105,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. KBC Group NV grew its position in Berry Global Group by 39.9% in the fourth quarter. KBC Group NV now owns 4,163 shares of the industrial products company’s stock valued at $269,000 after purchasing an additional 1,188 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Berry Global Group by 9.3% in the 4th quarter. Blue Trust Inc. now owns 4,186 shares of the industrial products company’s stock valued at $285,000 after acquiring an additional 357 shares in the last quarter. Linden Thomas Advisory Services LLC raised its holdings in Berry Global Group by 2.3% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 20,765 shares of the industrial products company’s stock worth $1,343,000 after acquiring an additional 466 shares in the last quarter. apricus wealth LLC boosted its position in Berry Global Group by 3.6% during the fourth quarter. apricus wealth LLC now owns 33,116 shares of the industrial products company’s stock valued at $2,142,000 after purchasing an additional 1,145 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its position in Berry Global Group by 13.4% during the fourth quarter. Sound Income Strategies LLC now owns 72,914 shares of the industrial products company’s stock valued at $4,715,000 after purchasing an additional 8,622 shares during the last quarter. 95.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. StockNews.com started coverage on Berry Global Group in a report on Tuesday, January 28th. They issued a “buy” rating for the company. UBS Group lowered their price objective on shares of Berry Global Group from $75.00 to $72.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Citigroup reiterated a “neutral” rating and set a $76.00 price target on shares of Berry Global Group in a report on Monday, November 25th. JPMorgan Chase & Co. restated an “overweight” rating and issued a $76.00 price objective (up previously from $70.00) on shares of Berry Global Group in a research note on Monday, November 25th. Finally, Barclays lifted their target price on Berry Global Group from $64.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $73.30.

Berry Global Group Trading Down 0.6 %

Shares of Berry Global Group stock opened at $67.93 on Monday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.80 and a current ratio of 1.25. The firm has a 50-day moving average of $67.56 and a 200-day moving average of $67.09. Berry Global Group, Inc. has a 52-week low of $54.06 and a 52-week high of $73.31. The stock has a market cap of $7.86 billion, a PE ratio of 15.47, a PEG ratio of 1.46 and a beta of 1.16.

Berry Global Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.83%. Berry Global Group’s payout ratio is presently 28.25%.

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.