Atlas Capital Advisors Inc. Increases Position in Berry Global Group, Inc. (NYSE:BERY)

Atlas Capital Advisors Inc. increased its stake in shares of Berry Global Group, Inc. (NYSE:BERY) by 7,390.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,648 shares of the industrial products company’s stock after buying an additional 1,626 shares during the quarter. Atlas Capital Advisors Inc.’s holdings in Berry Global Group were worth $107,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in BERY. UMB Bank n.a. grew its stake in shares of Berry Global Group by 89.0% in the 4th quarter. UMB Bank n.a. now owns 650 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 306 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Berry Global Group by 3,569.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 844 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 821 shares during the period. Venturi Wealth Management LLC grew its position in Berry Global Group by 463.5% in the 4th quarter. Venturi Wealth Management LLC now owns 1,065 shares of the industrial products company’s stock valued at $69,000 after buying an additional 876 shares during the last quarter. Harvest Fund Management Co. Ltd increased its stake in Berry Global Group by 25,814.3% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 1,814 shares of the industrial products company’s stock valued at $117,000 after buying an additional 1,807 shares during the period. Finally, Headlands Technologies LLC raised its position in Berry Global Group by 277.9% during the 4th quarter. Headlands Technologies LLC now owns 2,793 shares of the industrial products company’s stock worth $181,000 after buying an additional 2,054 shares during the last quarter. Institutional investors and hedge funds own 95.36% of the company’s stock.

Berry Global Group Stock Performance

NYSE BERY opened at $66.34 on Friday. The business has a 50 day moving average price of $70.31 and a 200 day moving average price of $68.72. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.61 and a quick ratio of 1.09. The company has a market capitalization of $7.68 billion, a P/E ratio of 16.54, a PEG ratio of 1.54 and a beta of 1.14. Berry Global Group, Inc. has a 1-year low of $55.24 and a 1-year high of $74.24.

Berry Global Group (NYSE:BERY) last released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.09. The business had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.35 billion. Berry Global Group had a return on equity of 28.26% and a net margin of 3.99%. The business’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.22 EPS. Sell-side analysts expect that Berry Global Group, Inc. will post 6.25 EPS for the current fiscal year.

Berry Global Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.31 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.24 annualized dividend and a dividend yield of 1.87%. Berry Global Group’s dividend payout ratio is presently 30.92%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BERY shares. StockNews.com initiated coverage on shares of Berry Global Group in a report on Wednesday. They issued a “buy” rating on the stock. UBS Group raised their price objective on shares of Berry Global Group from $72.00 to $73.00 and gave the company 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 issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus 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.