Legal & General Group Plc Has $11.72 Million Stock Holdings in Berry Global Group, Inc. (NYSE:BERY)

Legal & General Group Plc reduced its stake in shares of Berry Global Group, Inc. (NYSE:BERY) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 181,296 shares of the industrial products company’s stock after selling 9,870 shares during the quarter. Legal & General Group Plc owned 0.16% of Berry Global Group worth $11,724,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. UMB Bank n.a. lifted its position in Berry Global Group by 89.0% during the fourth quarter. UMB Bank n.a. now owns 650 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 306 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of Berry Global Group by 28.8% during the 4th quarter. Quadrant Capital Group LLC now owns 738 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 165 shares during the period. Steward Partners Investment Advisory LLC boosted its position 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 acquiring an additional 821 shares in the last quarter. Venturi Wealth Management LLC boosted its position 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 acquiring an additional 876 shares in the last quarter. Finally, Atlas Capital Advisors Inc. increased its stake in Berry Global Group by 7,390.9% in the fourth quarter. Atlas Capital Advisors Inc. now owns 1,648 shares of the industrial products company’s stock valued at $107,000 after acquiring an additional 1,626 shares during the last quarter. Institutional investors own 95.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on BERY shares. StockNews.com began coverage on Berry Global Group in a report on Thursday, April 10th. They issued a “buy” rating on the stock. Truist Financial raised their price objective on Berry Global Group from $74.00 to $76.00 and gave the company a “hold” rating in a research note on Monday, February 10th. Finally, UBS Group boosted their target price on Berry Global Group from $72.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $75.75.

Berry Global Group Price Performance

Berry Global Group stock opened at $66.82 on Thursday. The stock has a 50-day moving average price of $69.52 and a two-hundred day moving average price of $68.51. Berry Global Group, Inc. has a 12 month low of $55.68 and a 12 month high of $74.24. The company has a market capitalization of $7.74 billion, a PE ratio of 16.66, a P/E/G ratio of 1.54 and a beta of 1.14. The company has a current ratio of 1.61, a quick ratio of 1.09 and a debt-to-equity ratio of 3.35.

Berry Global Group (NYSE:BERY) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter last year, the business earned $1.22 EPS. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. Analysts expect that Berry Global Group, Inc. will post 6.25 EPS for the current year.

Berry Global Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.86%. Berry Global Group’s dividend payout ratio (DPR) is presently 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.