Epoch Investment Partners Inc. Increases Stock Position in Berry Global Group, Inc. (NYSE:BERY)

Epoch Investment Partners Inc. grew its stake in shares of Berry Global Group, Inc. (NYSE:BERYFree Report) by 39.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,033,568 shares of the industrial products company’s stock after acquiring an additional 290,781 shares during the quarter. Epoch Investment Partners Inc. owned about 0.89% of Berry Global Group worth $69,652,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. LSV Asset Management boosted its holdings in shares of Berry Global Group by 4.1% in the fourth quarter. LSV Asset Management now owns 4,330,213 shares of the industrial products company’s stock worth $291,813,000 after buying an additional 170,317 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Berry Global Group by 2.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,282,248 shares of the industrial products company’s stock worth $221,191,000 after acquiring an additional 81,496 shares during the period. Dimensional Fund Advisors LP raised its stake in Berry Global Group by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,212,389 shares of the industrial products company’s stock worth $149,099,000 after acquiring an additional 38,414 shares during the period. Lyrical Asset Management LP raised its stake in Berry Global Group by 1.3% during the 4th quarter. Lyrical Asset Management LP now owns 1,918,414 shares of the industrial products company’s stock worth $129,282,000 after acquiring an additional 24,563 shares during the period. Finally, Ancora Advisors LLC raised its position in shares of Berry Global Group by 5.7% during the third quarter. Ancora Advisors LLC now owns 1,238,927 shares of the industrial products company’s stock valued at $76,702,000 after buying an additional 66,787 shares during the last quarter. Hedge funds and other institutional investors own 95.36% of the company’s stock.

Insider Transactions at Berry Global Group

In other Berry Global Group news, Director Peter T. Thomas bought 1,000 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were purchased at an average price of $59.50 per share, with a total value of $59,500.00. Following the purchase, the director now directly owns 4,407 shares of the company’s stock, valued at $262,216.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Mark W. Miles sold 1,118 shares of Berry Global Group stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $60.29, for a total value of $67,404.22. Following the transaction, the chief financial officer now directly owns 119,384 shares in the company, valued at approximately $7,197,661.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter T. Thomas purchased 1,000 shares of the stock in a transaction dated Thursday, May 23rd. The shares were acquired at an average price of $59.50 per share, for a total transaction of $59,500.00. Following the acquisition, the director now directly owns 4,407 shares of the company’s stock, valued at approximately $262,216.50. The disclosure for this purchase can be found here. Insiders own 4.00% of the company’s stock.

Berry Global Group Trading Down 2.4 %

Shares of Berry Global Group stock traded down $1.48 during trading hours on Friday, reaching $59.51. The stock had a trading volume of 707,902 shares, compared to its average volume of 868,233. The firm has a 50 day simple moving average of $58.93 and a two-hundred day simple moving average of $61.85. The firm has a market capitalization of $6.81 billion, a price-to-earnings ratio of 14.14, a P/E/G ratio of 1.27 and a beta of 1.19. The company has a current ratio of 1.74, a quick ratio of 1.01 and a debt-to-equity ratio of 2.64. Berry Global Group, Inc. has a 1 year low of $53.92 and a 1 year high of $69.93.

Berry Global Group (NYSE:BERYGet Free Report) last posted its earnings results on Thursday, May 9th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.05. Berry Global Group had a return on equity of 26.55% and a net margin of 4.12%. The business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.16 billion. During the same quarter last year, the firm earned $1.96 earnings per share. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Berry Global Group, Inc. will post 7.43 earnings per share for the current year.

Berry Global Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.275 per share. The ex-dividend date is Monday, June 3rd. This represents a $1.10 dividend on an annualized basis and a yield of 1.85%. Berry Global Group’s dividend payout ratio (DPR) is presently 26.13%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on BERY shares. Truist Financial reissued a “hold” rating and issued a $68.00 target price (down from $75.00) on shares of Berry Global Group in a report on Wednesday, March 27th. TheStreet lowered shares of Berry Global Group from a “b-” rating to a “c+” rating in a research report on Monday, February 26th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $62.00 price target (down previously from $72.00) on shares of Berry Global Group in a report on Friday, March 15th. Wolfe Research started coverage on shares of Berry Global Group in a research note on Friday, March 1st. They issued a “peer perform” rating on the stock. Finally, StockNews.com upgraded Berry Global Group from a “hold” rating to a “buy” rating in a report on Tuesday, May 21st. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $72.60.

Check Out Our Latest Analysis on BERY

Berry Global Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Berry Global Group (NYSE:BERY)

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