9,520 Shares in Berry Global Group, Inc. (NYSE:BERY) Bought by Paloma Partners Management Co

Paloma Partners Management Co acquired a new stake in Berry Global Group, Inc. (NYSE:BERY) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 9,520 shares of the industrial products company’s stock, valued at approximately $616,000.

A number of other large investors have also modified their holdings of BERY. Pentwater Capital Management LP purchased a new position in shares of Berry Global Group in the 4th quarter valued at about $18,302,000. TIG Advisors LLC purchased a new stake in shares of Berry Global Group in the fourth quarter valued at approximately $1,566,000. Northern Trust Corp raised its stake in shares of Berry Global Group by 26.3% during the 4th quarter. Northern Trust Corp now owns 1,000,009 shares of the industrial products company’s stock worth $64,671,000 after buying an additional 208,303 shares during the period. Tudor Investment Corp ET AL acquired a new position in shares of Berry Global Group during the 4th quarter worth approximately $5,613,000. Finally, Boothbay Fund Management LLC purchased a new position in shares of Berry Global Group during the 4th quarter valued at approximately $661,000. Institutional investors and hedge funds own 95.36% of the company’s stock.

Berry Global Group Stock Up 1.4 %

Shares of BERY opened at $69.74 on Tuesday. Berry Global Group, Inc. has a 52-week low of $56.60 and a 52-week high of $74.24. The company has a quick ratio of 1.09, a current ratio of 1.61 and a debt-to-equity ratio of 3.35. The stock has a fifty day simple moving average of $69.21 and a two-hundred day simple moving average of $68.62. The company has a market capitalization of $8.08 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14.

Berry Global Group (NYSE:BERY) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.09. Berry Global Group had a net margin of 3.99% and a return on equity of 28.26%. The business had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter in the prior year, the company posted $1.22 EPS. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, equities analysts forecast that Berry Global Group, Inc. will post 6.25 EPS for the current year.

Berry Global Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.31 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.78%. Berry Global Group’s payout ratio is currently 30.92%.

Analysts Set New Price Targets

BERY has been the subject of a number of research analyst reports. UBS Group upped their price objective on shares of Berry Global Group from $72.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. StockNews.com initiated coverage on shares of Berry Global Group in a research report on Saturday. They set a “buy” rating for the company. Finally, 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. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $75.13.

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.