Berry Global Group, Inc. (NYSE:BERY) Shares Purchased by Venturi Wealth Management LLC

Venturi Wealth Management LLC raised its stake in Berry Global Group, Inc. (NYSE:BERY) by 463.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,065 shares of the industrial products company’s stock after buying an additional 876 shares during the quarter. Venturi Wealth Management LLC’s holdings in Berry Global Group were worth $69,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. UMB Bank n.a. lifted its position in Berry Global Group by 89.0% in the fourth quarter. UMB Bank n.a. now owns 650 shares of the industrial products company’s stock valued at $42,000 after buying an additional 306 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Berry Global Group in the third quarter valued at about $75,000. Merit Financial Group LLC acquired a new position in Berry Global Group in the fourth quarter valued at about $200,000. Townsquare Capital LLC acquired a new stake in shares of Berry Global Group during the third quarter worth about $201,000. Finally, W.G. Shaheen & Associates DBA Whitney & Co acquired a new stake in shares of Berry Global Group during the third quarter worth about $206,000. Institutional investors and hedge funds own 95.36% of the company’s stock.

Berry Global Group Stock Performance

Shares of Berry Global Group stock opened at $72.02 on Tuesday. The firm has a market capitalization of $8.34 billion, a P/E ratio of 17.96, a P/E/G ratio of 1.57 and a beta of 1.15. Berry Global Group, Inc. has a 52 week low of $55.24 and a 52 week high of $73.31. 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 firm’s 50 day moving average is $67.67 and its two-hundred day moving average is $67.85.

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

Berry Global Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.31 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.24 annualized dividend and a yield of 1.72%. Berry Global Group’s dividend payout ratio is currently 30.92%.

Analyst Ratings Changes

Several brokerages have recently issued reports on BERY. UBS Group increased their price target 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. Royal Bank of Canada increased their price target on shares of Berry Global Group from $69.00 to $73.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 21st. StockNews.com began coverage on shares of Berry Global Group in a research report on Friday. They set a “buy” rating on the stock. Truist Financial increased their price target on shares of Berry Global Group from $74.00 to $76.00 and gave the stock a “hold” rating in a research report on Monday, February 10th. Finally, Barclays increased their price target on shares of Berry Global Group from $64.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Eight research 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, Berry Global Group has an average rating of “Hold” and a consensus target price of $74.56.

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.