Hsbc Holdings PLC Raises Holdings in Berry Global Group, Inc. (NYSE:BERY)

Hsbc Holdings PLC increased its position in Berry Global Group, Inc. (NYSE:BERY) by 157.6% in the 4th quarter, Holdings Channel reports. The firm owned 16,394 shares of the industrial products company’s stock after buying an additional 10,029 shares during the period. Hsbc Holdings PLC’s holdings in Berry Global Group were worth $1,059,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Greenleaf Trust lifted its stake in Berry Global Group by 3.5% in the fourth quarter. Greenleaf Trust now owns 4,408 shares of the industrial products company’s stock valued at $285,000 after buying an additional 149 shares during the last quarter. Quadrant Capital Group LLC raised its position in Berry Global Group by 28.8% in the 4th quarter. Quadrant Capital Group LLC now owns 738 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 165 shares during the last quarter. CIBC Asset Management Inc raised its position in Berry Global Group by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 3,534 shares of the industrial products company’s stock valued at $229,000 after purchasing an additional 170 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in Berry Global Group by 2.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 10,033 shares of the industrial products company’s stock worth $649,000 after purchasing an additional 241 shares during the period. Finally, UMB Bank n.a. grew its position in Berry Global Group by 89.0% during the 4th quarter. UMB Bank n.a. now owns 650 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 306 shares during the last quarter. 95.36% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on BERY shares. UBS Group upped their target price on shares of Berry Global Group from $72.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Truist Financial decreased their price objective on Berry Global Group from $76.00 to $71.00 and set a “hold” rating for the company in a research report on Tuesday, April 22nd. Finally, StockNews.com assumed coverage on Berry Global Group in a report on Sunday. They issued a “buy” rating on the stock. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $75.13.

Berry Global Group Trading Down 2.8 %

Shares of BERY stock opened at $67.69 on Friday. The business’s fifty day moving average price is $68.84 and its 200 day moving average price is $68.57. The firm has a market capitalization of $7.84 billion, a PE ratio of 16.88, a P/E/G ratio of 1.54 and a beta of 1.14. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.61 and a quick ratio of 1.09. Berry Global Group, Inc. has a 1-year low of $57.52 and a 1-year high of $74.24.

Berry Global Group (NYSE:BERY) last posted its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.03. Berry Global Group had a net margin of 3.99% and a return on equity of 28.26%. The business had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.60 billion. During the same period in the prior year, the company posted $1.95 EPS. The business’s revenue for the quarter was up .0% on a year-over-year basis. As a group, sell-side analysts forecast that Berry Global Group, Inc. will post 6.25 EPS for the current fiscal year.

About Berry Global Group

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.