Berry Global Group, Inc. (NYSE:BERY) Stock Holdings Increased by AGF Management Ltd.

AGF Management Ltd. lifted its position in Berry Global Group, Inc. (NYSE:BERY) by 6.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,011 shares of the industrial products company’s stock after buying an additional 1,748 shares during the period. AGF Management Ltd.’s holdings in Berry Global Group were worth $1,941,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC raised its stake in shares of Berry Global Group by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,982,517 shares of the industrial products company’s stock worth $134,806,000 after buying an additional 27,437 shares in the last quarter. Sound Income Strategies LLC raised its stake in shares of Berry Global Group by 13.4% in the 4th quarter. Sound Income Strategies LLC now owns 72,914 shares of the industrial products company’s stock worth $4,715,000 after buying an additional 8,622 shares in the last quarter. Hancock Whitney Corp bought a new stake in shares of Berry Global Group in the 3rd quarter worth $1,065,000. Integrated Investment Consultants LLC bought a new stake in shares of Berry Global Group in the 3rd quarter worth $714,000. Finally, Barclays PLC raised its stake in shares of Berry Global Group by 87.1% in the 3rd quarter. Barclays PLC now owns 101,956 shares of the industrial products company’s stock worth $6,931,000 after buying an additional 47,476 shares in the last quarter. Institutional investors own 95.36% of the company’s stock.

Berry Global Group Stock Performance

Shares of BERY stock opened at $70.10 on Friday. Berry Global Group, Inc. has a 1-year low of $55.24 and a 1-year high of $74.24. The company has a current ratio of 1.61, a quick ratio of 1.09 and a debt-to-equity ratio of 3.35. The company has a market capitalization of $8.12 billion, a price-to-earnings ratio of 17.48, a P/E/G ratio of 1.54 and a beta of 1.13. The stock’s fifty day simple moving average is $69.44 and its 200-day simple moving average is $68.44.

Berry Global Group (NYSE:BERY) last issued its quarterly earnings results 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 business had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the previous year, the company posted $1.22 earnings per share. Berry Global Group’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, sell-side 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 company also recently announced 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 of this dividend is Monday, March 3rd. This represents a $1.24 dividend on an annualized basis and a yield of 1.77%. Berry Global Group’s dividend payout ratio (DPR) is currently 30.92%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Royal Bank of Canada boosted their price objective on Berry Global Group from $69.00 to $73.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 21st. StockNews.com assumed coverage on Berry Global Group in a research report on Sunday, March 9th. They set a “buy” rating on the stock. Barclays boosted their target price on 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. 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 report on Friday, February 7th. Finally, Truist Financial boosted their target price on Berry Global Group from $74.00 to $76.00 and gave the stock a “hold” rating in a research report on Monday, February 10th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average 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.