Blue Trust Inc. Has $198,000 Stock Holdings in Berry Global Group, Inc. (NYSE:BERY)

Blue Trust Inc. lessened its position in Berry Global Group, Inc. (NYSE:BERY) by 20.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,065 shares of the industrial products company’s stock after selling 764 shares during the period. Blue Trust Inc.’s holdings in Berry Global Group were worth $198,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in Berry Global Group by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,982,517 shares of the industrial products company’s stock worth $134,806,000 after buying an additional 27,437 shares in the last quarter. Sound Income Strategies LLC lifted its position in Berry Global Group by 13.4% during the 4th quarter. Sound Income Strategies LLC now owns 72,914 shares of the industrial products company’s stock worth $4,715,000 after buying an additional 8,622 shares in the last quarter. Hancock Whitney Corp acquired a new position in Berry Global Group during the 3rd quarter worth about $1,065,000. Integrated Investment Consultants LLC acquired a new position in Berry Global Group during the 3rd quarter worth about $714,000. Finally, Barclays PLC raised its holdings in Berry Global Group by 87.1% during the 3rd quarter. Barclays PLC now owns 101,956 shares of the industrial products company’s stock worth $6,931,000 after purchasing an additional 47,476 shares during the last quarter. Institutional investors and hedge funds own 95.36% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Truist Financial boosted their price objective on Berry Global Group from $74.00 to $76.00 and gave the stock a “hold” rating in a report on Monday, February 10th. UBS Group boosted their price objective on Berry Global Group from $72.00 to $73.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Citigroup reissued a “neutral” rating and set a $76.00 price objective on shares of Berry Global Group in a report on Monday, November 25th. Barclays boosted their price objective on Berry Global Group from $64.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Finally, StockNews.com assumed coverage on Berry Global Group in a report on Thursday, February 13th. They set a “buy” rating for the company. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Berry Global Group presently has a consensus rating of “Hold” and a consensus price target of $74.56.

Berry Global Group Price Performance

NYSE BERY opened at $71.51 on Thursday. The business has a 50 day simple moving average of $67.43 and a 200 day simple moving average of $67.62. Berry Global Group, Inc. has a 52-week low of $55.24 and a 52-week high of $73.31. The company has a debt-to-equity ratio of 3.35, a quick ratio of 1.09 and a current ratio of 1.61. The stock has a market cap of $8.28 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 1.51 and a beta of 1.15.

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

Berry Global Group Dividend Announcement

The company also recently declared 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. This represents a $1.24 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Monday, March 3rd. Berry Global Group’s dividend payout ratio (DPR) is currently 30.92%.

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.