Berry Global Group, Inc. (NYSE:BERY) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG boosted its position in shares of Berry Global Group, Inc. (NYSE:BERY) by 1,620.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 211,500 shares of the industrial products company’s stock after acquiring an additional 199,208 shares during the period. Deutsche Bank AG’s holdings in Berry Global Group were worth $13,678,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Greenleaf Trust grew its holdings in Berry Global Group by 3.5% during the 4th quarter. Greenleaf Trust now owns 4,408 shares of the industrial products company’s stock valued at $285,000 after purchasing an additional 149 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in Berry Global Group by 28.8% during the 4th quarter. Quadrant Capital Group LLC now owns 738 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 165 shares in the last quarter. CIBC Asset Management Inc grew its holdings in Berry Global Group by 5.1% during the 4th 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. Commonwealth Equity Services LLC grew its holdings in Berry Global Group by 2.5% during 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, Benjamin Edwards Inc. grew its holdings in Berry Global Group by 2.9% during the 4th quarter. Benjamin Edwards Inc. now owns 9,858 shares of the industrial products company’s stock valued at $637,000 after purchasing an additional 282 shares in the last quarter. 95.36% of the stock is owned by institutional investors and hedge funds.

Berry Global Group Trading Down 2.8%

NYSE BERY opened at $67.69 on Friday. The company’s fifty day moving average price is $68.08 and its two-hundred day moving average price is $68.48. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.61 and a quick ratio of 1.09. Berry Global Group, Inc. has a 12 month low of $57.52 and a 12 month high of $74.24. The company has a market capitalization of $7.84 billion, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14.

Berry Global Group (NYSE:BERY) last posted its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.03. Berry Global Group had a net margin of 3.99% and a return on equity of 28.26%. The company had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same period last year, the firm posted $1.95 EPS. The company’s revenue for the quarter was up .0% on a year-over-year basis. As a group, research analysts predict that Berry Global Group, Inc. will post 6.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. StockNews.com assumed coverage on shares of Berry Global Group in a research note on Monday. They set a “buy” rating on the stock. UBS Group increased their price objective on shares of 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, Truist Financial reduced their price objective on shares of Berry Global Group from $76.00 to $71.00 and set a “hold” rating on the stock in a research note on Tuesday, April 22nd. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $74.29.

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.