Bailard Inc. Makes New $254,000 Investment in Berry Global Group, Inc. (NYSE:BERY)

Bailard Inc. purchased a new stake in Berry Global Group, Inc. (NYSE:BERY) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,767 shares of the industrial products company’s stock, valued at approximately $254,000.

Several other large investors have also modified their holdings of BERY. GAMMA Investing LLC purchased a new stake in Berry Global Group in the 4th quarter valued at approximately $31,000. First Horizon Advisors Inc. raised its holdings in shares of Berry Global Group by 69.6% in the third quarter. First Horizon Advisors Inc. now owns 546 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 224 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Berry Global Group by 203.7% in the fourth quarter. Blue Trust Inc. now owns 650 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 436 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Berry Global Group during the third quarter valued at $101,000. Finally, 1620 Investment Advisors Inc. purchased a new stake in Berry Global Group during the 3rd quarter worth about $102,000. 95.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Jonathan F. Foster acquired 1,000 shares of the stock in a transaction on Monday, February 12th. The stock was bought at an average price of $58.49 per share, with a total value of $58,490.00. Following the completion of the transaction, the director now directly owns 5,728 shares of the company’s stock, valued at $335,030.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Jonathan F. Foster acquired 1,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were purchased at an average price of $58.49 per share, for a total transaction of $58,490.00. Following the acquisition, the director now directly owns 5,728 shares of the company’s stock, valued at approximately $335,030.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Peter T. Thomas acquired 2,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was purchased at an average cost of $56.00 per share, with a total value of $112,000.00. Following the completion of the transaction, the director now owns 2,000 shares in the company, valued at $112,000. The disclosure for this purchase can be found here. Insiders own 4.00% of the company’s stock.

Berry Global Group Stock Performance

Berry Global Group stock opened at $57.05 on Monday. The company has a market cap of $6.61 billion, a price-to-earnings ratio of 12.27, a price-to-earnings-growth ratio of 0.77 and a beta of 1.25. Berry Global Group, Inc. has a 12 month low of $53.83 and a 12 month high of $69.93. The company has a debt-to-equity ratio of 2.62, a current ratio of 1.67 and a quick ratio of 0.95. The stock’s 50-day moving average is $58.73 and its 200-day moving average is $61.44.

Berry Global Group (NYSE:BERY) last announced its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.07). Berry Global Group had a net margin of 4.51% and a return on equity of 26.79%. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period last year, the firm earned $1.30 earnings per share. The company’s quarterly revenue was down 6.8% on a year-over-year basis. Equities analysts anticipate that Berry Global Group, Inc. will post 7.38 earnings per share for the current year.

Berry Global Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend was Thursday, February 29th. Berry Global Group’s payout ratio is 23.66%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BERY. TheStreet lowered shares of Berry Global Group from a “b-” rating to a “c+” rating in a report on Monday, February 26th. Barclays reduced their price objective on shares of Berry Global Group from $67.00 to $64.00 and set an “equal weight” rating on the stock in a research note on Monday, February 12th. Truist Financial reaffirmed a “hold” rating and issued a $68.00 target price (down from $75.00) on shares of Berry Global Group in a research note on Wednesday, March 27th. StockNews.com lowered Berry Global Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th. Finally, UBS Group raised their price objective on Berry Global Group from $76.00 to $89.00 and gave the stock a “buy” rating in a report on Tuesday, January 16th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $72.00.

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.