Natixis Advisors LLC Has $3.68 Million Position in Berry Global Group, Inc. (NYSE:BERY)

Natixis Advisors LLC raised its stake in shares of Berry Global Group, Inc. (NYSE:BERY) by 5.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,841 shares of the industrial products company’s stock after buying an additional 2,751 shares during the quarter. Natixis Advisors LLC’s holdings in Berry Global Group were worth $3,676,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of BERY. Victory Capital Management Inc. grew its position in shares of Berry Global Group by 36.3% during the 3rd quarter. Victory Capital Management Inc. now owns 95,281 shares of the industrial products company’s stock worth $6,477,000 after buying an additional 25,382 shares during the period. CIBC Asset Management Inc bought a new position in shares of Berry Global Group during the 3rd quarter valued at about $229,000. Quest Partners LLC lifted its holdings in shares of Berry Global Group by 1,478.0% during the 3rd quarter. Quest Partners LLC now owns 8,663 shares of the industrial products company’s stock valued at $589,000 after purchasing an additional 8,114 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Berry Global Group during the 3rd quarter valued at about $374,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Berry Global Group by 2.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 835,915 shares of the industrial products company’s stock valued at $56,826,000 after purchasing an additional 18,736 shares in the last quarter. 95.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BERY shares. Citigroup reiterated a “neutral” rating and set a $76.00 price objective on shares of Berry Global Group in a report on Monday, November 25th. Truist Financial lifted their price objective on Berry Global Group from $74.00 to $76.00 and gave the company a “hold” rating in a report on Monday, February 10th. Barclays lifted their price objective on Berry Global Group from $64.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. UBS Group lifted their price objective on Berry Global Group from $72.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a $76.00 target price (up previously from $70.00) on shares of Berry Global Group in a research note on Monday, November 25th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $74.56.

Berry Global Group Trading Down 2.9 %

Shares of Berry Global Group stock opened at $68.13 on Friday. Berry Global Group, Inc. has a 12-month low of $55.24 and a 12-month high of $74.24. The stock has a market cap of $7.89 billion, a P/E ratio of 16.99, a P/E/G ratio of 1.54 and a beta of 1.13. 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 business’s 50 day moving average is $69.98 and its 200-day moving average is $68.54.

Berry Global Group (NYSE:BERY) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share (EPS) 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 company had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter in the prior year, the business posted $1.22 EPS. The business’s revenue was up 2.2% compared to the same quarter last year. Equities research analysts predict that Berry Global Group, Inc. will post 6.25 earnings per share for the current fiscal year.

Berry Global Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend was Monday, March 3rd. Berry Global Group’s dividend payout ratio is currently 30.92%.

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.