Oppenheimer Asset Management Inc. Has $7.47 Million Stock Holdings in Berry Global Group, Inc. (NYSE:BERY)

Oppenheimer Asset Management Inc. grew its stake in shares of Berry Global Group, Inc. (NYSE:BERY) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 115,485 shares of the industrial products company’s stock after purchasing an additional 1,571 shares during the period. Oppenheimer Asset Management Inc. owned approximately 0.10% of Berry Global Group worth $7,468,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. EdgePoint Investment Group Inc. grew its position in Berry Global Group by 2.2% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 15,279,107 shares of the industrial products company’s stock valued at $1,038,674,000 after purchasing an additional 336,186 shares during the period. State Street Corp lifted its stake in shares of Berry Global Group by 10.4% in the third quarter. State Street Corp now owns 3,831,824 shares of the industrial products company’s stock valued at $260,487,000 after buying an additional 360,857 shares in the last quarter. FMR LLC grew its holdings in shares of Berry Global Group by 38.4% during the third quarter. FMR LLC now owns 3,807,317 shares of the industrial products company’s stock valued at $258,821,000 after buying an additional 1,055,756 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Berry Global Group by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,982,517 shares of the industrial products company’s stock worth $134,806,000 after acquiring an additional 27,437 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Berry Global Group by 2.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 835,915 shares of the industrial products company’s stock worth $56,826,000 after acquiring an additional 18,736 shares during the last quarter. Institutional investors own 95.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Barclays lifted their price target 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. Truist Financial lifted their target price on Berry Global Group from $74.00 to $76.00 and gave the company a “hold” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $76.00 price target (up from $70.00) on shares of Berry Global Group in a research report on Monday, November 25th. UBS Group raised their price objective on Berry Global Group from $72.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Finally, StockNews.com began coverage on shares of Berry Global Group in a research note on Saturday. They issued a “buy” rating for the company. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Berry Global Group presently has an average rating of “Hold” and a consensus target price of $74.56.

Berry Global Group Trading Up 0.6 %

Shares of Berry Global Group stock opened at $72.15 on Friday. The stock has a fifty day moving average price of $68.08 and a 200-day moving average price of $67.96. 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 firm has a market cap of $8.35 billion, a PE ratio of 17.99, a P/E/G ratio of 1.54 and a beta of 1.15. Berry Global Group, Inc. has a 1 year low of $55.24 and a 1 year high of $73.31.

Berry Global Group (NYSE:BERY) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 3.99% and a return on equity of 28.26%. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.22 earnings per share. Equities research analysts anticipate that Berry Global Group, Inc. will post 6.25 EPS for the current year.

Berry Global Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors 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 1.72%. Berry Global Group’s dividend payout ratio (DPR) is presently 30.92%.

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.