Zurcher Kantonalbank Zurich Cantonalbank Has $1.80 Million Position in Berry Global Group, Inc. (NYSE:BERY)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in Berry Global Group, Inc. (NYSE:BERY) by 17.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,840 shares of the industrial products company’s stock after acquiring an additional 4,181 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Berry Global Group were worth $1,800,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in BERY. UMB Bank n.a. lifted its stake 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 acquiring an additional 306 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in shares of Berry Global Group by 3,569.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 844 shares of the industrial products company’s stock worth $55,000 after buying an additional 821 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in shares of Berry Global Group by 463.5% during the 4th quarter. Venturi Wealth Management LLC now owns 1,065 shares of the industrial products company’s stock worth $69,000 after buying an additional 876 shares during the last quarter. Merit Financial Group LLC acquired a new stake in shares of Berry Global Group during the 4th quarter worth about $200,000. Finally, Townsquare Capital LLC acquired a new stake in shares of Berry Global Group during the 3rd quarter worth about $201,000. Institutional investors and hedge funds own 95.36% of the company’s stock.

Berry Global Group Price Performance

BERY stock opened at $70.56 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.61 and a debt-to-equity ratio of 3.35. Berry Global Group, Inc. has a 12 month low of $55.24 and a 12 month high of $74.24. The firm has a market cap of $8.17 billion, a P/E ratio of 17.59, a P/E/G ratio of 1.54 and a beta of 1.13. The company’s 50-day moving average price is $69.66 and its two-hundred day moving average price is $68.50.

Berry Global Group (NYSE:BERY) last released its 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. Berry Global Group had a net margin of 3.99% and a return on equity of 28.26%. The firm had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same period last year, the firm earned $1.22 EPS. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, analysts anticipate that Berry Global Group, Inc. will post 6.25 earnings per share for the current fiscal year.

Berry Global Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend was Monday, March 3rd. Berry Global Group’s dividend payout ratio is currently 30.92%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BERY. StockNews.com began coverage on shares of Berry Global Group in a research note on Monday. They set a “buy” rating for the company. JPMorgan Chase & Co. restated an “overweight” rating and set a $76.00 target price (up previously from $70.00) on shares of Berry Global Group in a research note on Monday, November 25th. Barclays raised their target price on shares of Berry Global Group from $64.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. UBS Group raised their target price on shares of Berry Global Group from $72.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Finally, Citigroup reiterated a “neutral” rating and issued a $76.00 price objective on shares of Berry Global Group in a research note on Monday, November 25th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Berry Global Group currently has an average rating of “Hold” and a consensus price target of $74.56.

Berry Global Group Company 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.