Epoch Investment Partners Inc. Raises Stake in Berry Global Group, Inc. (NYSE:BERY)

Epoch Investment Partners Inc. lifted its position in shares of Berry Global Group, Inc. (NYSE:BERYFree Report) by 39.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,033,568 shares of the industrial products company’s stock after purchasing an additional 290,781 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Berry Global Group were worth $69,652,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Louisiana State Employees Retirement System purchased a new position in Berry Global Group in the 4th quarter worth approximately $2,237,000. Teachers Retirement System of The State of Kentucky raised its position in shares of Berry Global Group by 96.0% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 40,174 shares of the industrial products company’s stock valued at $2,488,000 after purchasing an additional 19,674 shares in the last quarter. South Dakota Investment Council acquired a new position in shares of Berry Global Group in the 4th quarter valued at approximately $2,508,000. AQR Capital Management LLC raised its position in shares of Berry Global Group by 2.3% in the 3rd quarter. AQR Capital Management LLC now owns 1,005,173 shares of the industrial products company’s stock valued at $62,230,000 after purchasing an additional 22,137 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its position in shares of Berry Global Group by 67.0% in the 3rd quarter. Canada Pension Plan Investment Board now owns 97,700 shares of the industrial products company’s stock valued at $6,049,000 after purchasing an additional 39,200 shares in the last quarter. Hedge funds and other institutional investors own 95.36% of the company’s stock.

Insider Transactions at Berry Global Group

In other Berry Global Group news, Director Peter T. Thomas purchased 1,000 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was bought at an average price of $59.50 per share, with a total value of $59,500.00. Following the completion of the purchase, the director now owns 4,407 shares in the company, valued at approximately $262,216.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Peter T. Thomas bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was acquired at an average price of $59.50 per share, with a total value of $59,500.00. Following the completion of the purchase, the director now directly owns 4,407 shares of the company’s stock, valued at approximately $262,216.50. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CFO Mark W. Miles sold 1,118 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $60.29, for a total value of $67,404.22. Following the transaction, the chief financial officer now directly owns 119,384 shares of the company’s stock, valued at approximately $7,197,661.36. The disclosure for this sale can be found here. Company insiders own 4.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Robert W. Baird reaffirmed a “neutral” rating and issued a $65.00 target price (down from $68.00) on shares of Berry Global Group in a research report on Tuesday, April 16th. Truist Financial reaffirmed a “hold” rating and issued a $68.00 target price (down from $75.00) on shares of Berry Global Group in a research report on Wednesday, March 27th. TheStreet lowered Berry Global Group from a “b-” rating to a “c+” rating in a research report on Monday, February 26th. StockNews.com raised Berry Global Group from a “hold” rating to a “buy” rating in a research report on Tuesday, May 21st. Finally, Bank of America upped their price target on Berry Global Group from $74.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Berry Global Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.60.

View Our Latest Analysis on Berry Global Group

Berry Global Group Stock Performance

NYSE BERY traded down $1.48 during trading hours on Friday, hitting $59.51. The company had a trading volume of 707,902 shares, compared to its average volume of 868,233. Berry Global Group, Inc. has a fifty-two week low of $53.92 and a fifty-two week high of $69.93. The company has a quick ratio of 1.01, a current ratio of 1.74 and a debt-to-equity ratio of 2.64. The business has a fifty day simple moving average of $58.93 and a 200-day simple moving average of $61.85. The firm has a market cap of $6.81 billion, a P/E ratio of 14.14, a price-to-earnings-growth ratio of 1.27 and a beta of 1.19.

Berry Global Group (NYSE:BERYGet Free Report) last issued its earnings results on Thursday, May 9th. The industrial products company reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.05. Berry Global Group had a return on equity of 26.55% and a net margin of 4.12%. The firm had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same period last year, the company earned $1.96 earnings per share. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. Equities analysts predict that Berry Global Group, Inc. will post 7.43 EPS for the current year.

Berry Global Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Monday, June 3rd. Berry Global Group’s dividend payout ratio is presently 26.13%.

Berry Global Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Berry Global Group (NYSE:BERY)

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