Berry Global Group, Inc. (NYSE:BERY) Shares Purchased by Cwm LLC

Cwm LLC lifted its holdings in Berry Global Group, Inc. (NYSE:BERY) by 340.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,843 shares of the industrial products company’s stock after acquiring an additional 6,833 shares during the period. Cwm LLC’s holdings in Berry Global Group were worth $601,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in BERY. Vanguard Personalized Indexing Management LLC increased its holdings in Berry Global Group by 1.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,424 shares of the industrial products company’s stock valued at $555,000 after purchasing an additional 176 shares in the last quarter. State of Michigan Retirement System raised its holdings in shares of Berry Global Group by 0.7% during the 1st quarter. State of Michigan Retirement System now owns 28,500 shares of the industrial products company’s stock valued at $1,724,000 after buying an additional 200 shares during the period. Guardian Wealth Management Inc. lifted its position in Berry Global Group by 1.0% during the 2nd quarter. Guardian Wealth Management Inc. now owns 29,623 shares of the industrial products company’s stock worth $1,743,000 after acquiring an additional 287 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in Berry Global Group by 9.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 4,077 shares of the industrial products company’s stock worth $240,000 after acquiring an additional 355 shares during the period. Finally, Shayne & Jacobs LLC raised its stake in shares of Berry Global Group by 2.0% during the second quarter. Shayne & Jacobs LLC now owns 18,270 shares of the industrial products company’s stock valued at $1,075,000 after purchasing an additional 360 shares during the period. Hedge funds and other institutional investors own 95.36% of the company’s stock.

Berry Global Group Trading Up 0.5 %

NYSE:BERY opened at $70.30 on Friday. Berry Global Group, Inc. has a 52 week low of $53.92 and a 52 week high of $70.86. The company has a quick ratio of 1.08, a current ratio of 1.82 and a debt-to-equity ratio of 2.57. The company has a market cap of $8.04 billion, a PE ratio of 16.70, a P/E/G ratio of 1.10 and a beta of 1.15. The business’s 50 day moving average is $67.03 and its two-hundred day moving average is $62.56.

Berry Global Group (NYSE:BERY) last released its quarterly earnings data on Friday, August 2nd. The industrial products company reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.16. The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.26 billion. Berry Global Group had a net margin of 4.55% and a return on equity of 27.32%. The firm’s revenue was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.90 earnings per share. On average, analysts predict that Berry Global Group, Inc. will post 7.6 EPS for the current year.

Berry Global Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Tuesday, September 3rd. Berry Global Group’s dividend payout ratio (DPR) is presently 26.13%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on BERY shares. Truist Financial upped 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 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. UBS Group cut their price target on Berry Global Group from $89.00 to $77.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Finally, StockNews.com lowered Berry Global Group from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $71.22.

Insider Transactions at Berry Global Group

In related news, Director Evan Bayh sold 14,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $70.13, for a total transaction of $981,820.00. Following the completion of the transaction, the director now owns 30,228 shares in the company, valued at $2,119,889.64. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 4.00% of the company’s stock.

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.