283,000 Shares in Berry Global Group, Inc. (NYSE:BERY) Acquired by Pentwater Capital Management LP

Pentwater Capital Management LP purchased a new stake in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 283,000 shares of the industrial products company's stock, valued at approximately $18,302,000. Berry Global Group makes up approximately 0.2% of Pentwater Capital Management LP's portfolio, making the stock its 22nd largest position. Pentwater Capital Management LP owned 0.24% of Berry Global Group as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of BERY. UMB Bank n.a. raised its holdings in shares of Berry Global Group by 89.0% during the 4th quarter. UMB Bank n.a. now owns 650 shares of the industrial products company's stock valued at $42,000 after purchasing an additional 306 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of 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 worth $48,000 after acquiring an additional 165 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Berry Global Group by 3,569.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 844 shares of the industrial products company's stock valued at $55,000 after acquiring an additional 821 shares during the last quarter. Venturi Wealth Management LLC raised its stake in shares of Berry Global Group by 463.5% in the 4th quarter. Venturi Wealth Management LLC now owns 1,065 shares of the industrial products company's stock valued at $69,000 after acquiring an additional 876 shares in the last quarter. Finally, Atlas Capital Advisors Inc. lifted its holdings in Berry Global Group by 7,390.9% in the 4th quarter. Atlas Capital Advisors Inc. now owns 1,648 shares of the industrial products company's stock worth $107,000 after purchasing an additional 1,626 shares during the last quarter. 95.36% of the stock is owned by institutional investors and hedge funds.

Berry Global Group Price Performance

Shares of NYSE:BERY traded down $1.94 during midday trading on Friday, reaching $67.69. 18,809,857 shares of the company's stock were exchanged, compared to its average volume of 1,400,205. The company has a debt-to-equity ratio of 3.35, a quick ratio of 1.09 and a current ratio of 1.61. The company's 50 day simple moving average is $68.84 and its two-hundred day simple moving average is $68.57. Berry Global Group, Inc. has a 12 month low of $57.52 and a 12 month high of $74.24. The firm has a market capitalization of $7.84 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14.

Berry Global Group (NYSE:BERY - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $1.55 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 firm had revenue of $2.52 billion during the quarter, compared to analysts' expectations of $2.60 billion. During the same quarter last year, the company earned $1.95 earnings per share. The company's revenue for the quarter was up .0% compared to the same quarter last year. Equities research analysts expect that Berry Global Group, Inc. will post 6.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BERY has been the topic of a number of recent analyst reports. Truist Financial dropped their price target on shares of Berry Global Group from $76.00 to $71.00 and set a "hold" rating on the stock in a research report on Tuesday, April 22nd. UBS Group boosted their target price on shares of Berry Global Group from $72.00 to $73.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. Finally, StockNews.com started coverage on Berry Global Group in a research report on Sunday. They issued a "buy" rating on the stock. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $75.13.

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.