Tectonic Advisors LLC Has $5.02 Million Position in Berry Global Group, Inc. (NYSE:BERY)

Tectonic Advisors LLC raised its position in Berry Global Group, Inc. (NYSE:BERY) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 77,591 shares of the industrial products company’s stock after acquiring an additional 1,360 shares during the quarter. Tectonic Advisors LLC owned approximately 0.07% of Berry Global Group worth $5,018,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of BERY. UMB Bank n.a. boosted its stake in 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 worth $42,000 after purchasing an additional 306 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Berry Global Group in the third quarter valued at approximately $75,000. GAMMA Investing LLC boosted its stake in Berry Global Group by 332.6% during the third quarter. GAMMA Investing LLC now owns 1,181 shares of the industrial products company’s stock worth $80,000 after buying an additional 908 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Berry Global Group during the 3rd quarter worth about $152,000. Finally, Townsquare Capital LLC acquired a new stake in shares of Berry Global Group in the 3rd quarter valued at about $201,000. 95.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Citigroup reaffirmed a “neutral” rating and issued a $76.00 target price on shares of Berry Global Group in a research report on Monday, November 25th. Truist Financial boosted their price target on shares of Berry Global Group from $72.00 to $74.00 and gave the company a “hold” rating in a research report on Monday, January 6th. Royal Bank of Canada increased their price objective on shares of 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. Barclays raised their target price on shares of Berry Global Group from $64.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Finally, UBS Group lowered their price objective on shares of Berry Global Group from $75.00 to $72.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $73.30.

Berry Global Group Price Performance

Shares of Berry Global Group stock opened at $70.47 on Wednesday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.80 and a current ratio of 1.25. The company has a fifty day moving average of $67.46 and a 200-day moving average of $67.17. The stock has a market capitalization of $8.15 billion, a price-to-earnings ratio of 16.05, a price-to-earnings-growth ratio of 1.45 and a beta of 1.15. Berry Global Group, Inc. has a 52-week low of $54.06 and a 52-week high of $73.31.

Berry Global Group (NYSE:BERY) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. The company had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.35 billion. Berry Global Group had a net margin of 4.21% and a return on equity of 26.32%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.22 earnings per share. Equities research analysts expect that Berry Global Group, Inc. will post 6.31 EPS for the current year.

Berry Global Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $0.31 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.76%. Berry Global Group’s dividend payout ratio (DPR) is 28.25%.

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.