Swiss National Bank Buys 2,000 Shares of Berry Global Group, Inc. (NYSE:BERY)

Swiss National Bank lifted its position in Berry Global Group, Inc. (NYSE:BERY) by 0.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 225,418 shares of the industrial products company’s stock after acquiring an additional 2,000 shares during the period. Swiss National Bank owned approximately 0.19% of Berry Global Group worth $14,578,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of BERY. HighTower Advisors LLC grew its stake in Berry Global Group by 25.4% in the fourth quarter. HighTower Advisors LLC now owns 5,806 shares of the industrial products company’s stock valued at $375,000 after acquiring an additional 1,177 shares during the period. AGF Management Ltd. lifted its holdings in shares of Berry Global Group by 6.2% during the 4th quarter. AGF Management Ltd. now owns 30,011 shares of the industrial products company’s stock valued at $1,941,000 after purchasing an additional 1,748 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Berry Global Group by 17.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,840 shares of the industrial products company’s stock valued at $1,800,000 after purchasing an additional 4,181 shares during the period. AlphaQuest LLC increased its stake in Berry Global Group by 418.4% during the 4th quarter. AlphaQuest LLC now owns 44,910 shares of the industrial products company’s stock worth $2,904,000 after purchasing an additional 36,247 shares in the last quarter. Finally, Alpine Associates Management Inc. acquired a new stake in Berry Global Group during the 4th quarter worth approximately $38,323,000. Institutional investors own 95.36% of the company’s stock.

Berry Global Group Stock Down 0.6 %

BERY stock opened at $70.65 on Thursday. The company has a market cap of $8.18 billion, a price-to-earnings ratio of 17.62, a P/E/G ratio of 1.54 and a beta of 1.13. Berry Global Group, Inc. has a twelve month low of $55.24 and a twelve month high of $74.24. The business has a 50 day moving average price of $69.85 and a two-hundred day moving average price of $68.53. The company has a quick ratio of 1.09, a current ratio of 1.61 and a debt-to-equity ratio of 3.35.

Berry Global Group (NYSE:BERY) last released its earnings results on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $2.35 billion. During the same period last year, the business earned $1.22 earnings per share. The firm’s revenue was up 2.2% on a year-over-year basis. Analysts anticipate that Berry Global Group, Inc. will post 6.25 EPS for the current fiscal year.

Berry Global Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.31 dividend. 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 1.76%. Berry Global Group’s payout ratio is 30.92%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. StockNews.com started coverage on shares of Berry Global Group in a research report on Monday. They set a “buy” rating for the company. Truist Financial lifted their price target 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. Citigroup reaffirmed a “neutral” rating and set a $76.00 price objective on shares of Berry Global Group in a research report on Monday, November 25th. Royal Bank of Canada increased their price objective on Berry Global Group from $69.00 to $73.00 and gave the stock a “sector perform” rating in a report on Thursday, November 21st. Finally, Barclays boosted their target price on Berry Global Group from $64.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $74.56.

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.