Mint Tower Capital Management B.V. Purchases New Stake in Berry Global Group, Inc. (NYSE:BERY)

Mint Tower Capital Management B.V. acquired a new position in shares of Berry Global Group, Inc. (NYSE:BERY) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,000 shares of the industrial products company’s stock, valued at approximately $323,000.

A number of other large investors have also recently bought and sold shares of the company. Greenleaf Trust lifted its holdings in shares of Berry Global Group by 3.5% during the 4th quarter. Greenleaf Trust now owns 4,408 shares of the industrial products company’s stock worth $285,000 after acquiring an additional 149 shares during the period. CIBC Asset Management Inc raised its position in Berry Global Group by 5.1% during the fourth quarter. CIBC Asset Management Inc now owns 3,534 shares of the industrial products company’s stock valued at $229,000 after purchasing an additional 170 shares in the last quarter. M&T Bank Corp lifted its stake in Berry Global Group by 3.1% during the third quarter. M&T Bank Corp now owns 5,832 shares of the industrial products company’s stock worth $396,000 after purchasing an additional 173 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Berry Global Group by 2.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 10,033 shares of the industrial products company’s stock valued at $649,000 after purchasing an additional 241 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings 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 in the last quarter. 95.36% of the stock is currently owned by institutional investors and hedge funds.

Berry Global Group Trading Up 1.9 %

Shares of NYSE BERY opened at $69.25 on Thursday. The stock has a market cap of $8.02 billion, a P/E ratio of 17.27, a price-to-earnings-growth ratio of 1.54 and a beta of 1.13. The firm has a 50 day moving average price of $70.12 and a two-hundred day moving average price of $68.56. The company has a debt-to-equity ratio of 3.35, a quick ratio of 1.09 and a current ratio of 1.61. Berry Global Group, Inc. has a 52-week low of $55.24 and a 52-week high of $74.24.

Berry Global Group (NYSE:BERY) last announced its 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. 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 during the quarter, compared to analyst estimates of $2.35 billion. During the same period last year, the company earned $1.22 EPS. Berry Global Group’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, equities analysts forecast that Berry Global Group, Inc. will post 6.25 EPS for the current year.

Berry Global Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.79%. The ex-dividend date was Monday, March 3rd. Berry Global Group’s payout ratio is presently 30.92%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. StockNews.com began coverage on Berry Global Group in a research report on Tuesday. They set a “buy” rating for the company. Barclays increased their target price on shares of Berry Global Group from $64.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. UBS Group lifted their price target on shares of Berry Global Group from $72.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Finally, Truist Financial increased their price objective on shares of Berry Global Group from $74.00 to $76.00 and gave the company a “hold” rating in a research note on Monday, February 10th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $74.56.

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.