LSV Asset Management Has $257.45 Million Holdings in Berry Global Group, Inc. (NYSE:BERY)

LSV Asset Management lessened its position in Berry Global Group, Inc. (NYSE:BERY) by 3.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 3,981,019 shares of the industrial products company’s stock after selling 122,500 shares during the period. LSV Asset Management owned approximately 3.44% of Berry Global Group worth $257,452,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in shares of Berry Global Group by 1.4% in the third quarter. Geode Capital Management LLC now owns 1,982,517 shares of the industrial products company’s stock valued at $134,806,000 after purchasing an additional 27,437 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in shares of Berry Global Group by 13.4% in the fourth quarter. Sound Income Strategies LLC now owns 72,914 shares of the industrial products company’s stock valued at $4,715,000 after purchasing an additional 8,622 shares in the last quarter. Barclays PLC lifted its holdings in shares of Berry Global Group by 87.1% in the third quarter. Barclays PLC now owns 101,956 shares of the industrial products company’s stock valued at $6,931,000 after purchasing an additional 47,476 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Berry Global Group by 333.1% in the fourth quarter. SG Americas Securities LLC now owns 9,697 shares of the industrial products company’s stock valued at $627,000 after purchasing an additional 7,458 shares in the last quarter. Finally, Tidal Investments LLC lifted its holdings in Berry Global Group by 71.0% during the third quarter. Tidal Investments LLC now owns 31,325 shares of the industrial products company’s stock worth $2,129,000 after acquiring an additional 13,004 shares during the period. Institutional investors and hedge funds own 95.36% of the company’s stock.

Berry Global Group Stock Up 5.3 %

Berry Global Group stock opened at $65.00 on Thursday. The firm has a market cap of $7.53 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 1.54 and a beta of 1.14. The stock has a fifty day simple moving average of $69.80 and a two-hundred day simple moving average of $68.57. Berry Global Group, Inc. has a 12 month low of $55.24 and a 12 month high of $74.24. The company has a current ratio of 1.61, a quick ratio of 1.09 and a debt-to-equity ratio of 3.35.

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 analysts’ consensus estimates of $1.00 by $0.09. The firm had revenue of $2.39 billion for 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 company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period last year, the business posted $1.22 EPS. Equities analysts predict that Berry Global Group, Inc. will post 6.25 EPS for the current fiscal year.

Berry Global Group Dividend Announcement

The firm also recently disclosed 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 was Monday, March 3rd. This represents a $1.24 annualized dividend and a dividend yield of 1.91%. Berry Global Group’s payout ratio is 30.92%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on BERY shares. UBS Group lifted their price target on Berry Global Group from $72.00 to $73.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. StockNews.com started coverage on Berry Global Group in a report on Thursday. They set a “buy” rating on the stock. Finally, Truist Financial lifted their price target on Berry Global Group from $74.00 to $76.00 and gave the stock a “hold” rating in a report on Monday, February 10th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Berry Global Group currently has a consensus rating of “Hold” and an average 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.