Thompson Investment Management Inc. Sells 1,136 Shares of Berry Global Group, Inc. (NYSE:BERY)

Thompson Investment Management Inc. cut its position in Berry Global Group, Inc. (NYSE:BERY) by 1.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 112,184 shares of the industrial products company’s stock after selling 1,136 shares during the period. Thompson Investment Management Inc.’s holdings in Berry Global Group were worth $7,255,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Greenleaf Trust lifted its holdings in Berry Global Group by 3.5% in the 4th quarter. Greenleaf Trust now owns 4,408 shares of the industrial products company’s stock valued at $285,000 after purchasing an additional 149 shares in the last quarter. M&T Bank Corp raised its holdings in shares of Berry Global Group by 3.1% during the 3rd quarter. M&T Bank Corp now owns 5,832 shares of the industrial products company’s stock worth $396,000 after acquiring an additional 173 shares during the period. Creative Planning raised its holdings in shares of Berry Global Group by 3.0% during the 3rd quarter. Creative Planning now owns 6,827 shares of the industrial products company’s stock worth $464,000 after acquiring an additional 198 shares during the period. UMB Bank n.a. raised its holdings in shares of Berry Global Group by 89.0% during the 4th quarter. UMB Bank n.a. now owns 650 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 306 shares during the period. Finally, US Bancorp DE raised its holdings in shares of Berry Global Group by 9.1% during the 3rd quarter. US Bancorp DE now owns 3,725 shares of the industrial products company’s stock worth $253,000 after acquiring an additional 311 shares during the period. 95.36% of the stock is currently owned by institutional investors.

Berry Global Group Price Performance

Shares of NYSE BERY opened at $69.94 on Friday. The company has a current ratio of 1.61, a quick ratio of 0.80 and a debt-to-equity ratio of 3.35. Berry Global Group, Inc. has a twelve month low of $55.01 and a twelve month high of $73.31. The stock has a 50 day moving average of $67.38 and a two-hundred day moving average of $67.27. The stock has a market cap of $8.10 billion, a P/E ratio of 17.44, a P/E/G ratio of 1.50 and a beta of 1.15.

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 for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter in the previous year, the business earned $1.22 earnings per share. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, research analysts forecast that Berry Global Group, Inc. will post 6.3 earnings per share for the current year.

Berry Global Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date is Monday, March 3rd. Berry Global Group’s dividend payout ratio is presently 30.92%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Citigroup reiterated a “neutral” rating and set a $76.00 price target on shares of Berry Global Group in a report on Monday, November 25th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $76.00 price target (up previously from $70.00) on shares of Berry Global Group in a report on Monday, November 25th. Truist Financial raised their price objective on Berry Global Group from $72.00 to $74.00 and gave the stock a “hold” rating in a research report on Monday, January 6th. Royal Bank of Canada raised their price objective on 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. Finally, UBS Group raised their price objective on Berry Global Group from $72.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday. 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.com, the stock has an average rating of “Hold” and a consensus target price of $74.33.

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.