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

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

A number of other institutional investors have also recently made changes to their positions in the business. UMB Bank n.a. increased its stake in shares of Berry Global Group by 89.0% in 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% in the 4th quarter. Quadrant Capital Group LLC now owns 738 shares of the industrial products company's stock valued at $48,000 after buying an additional 165 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in Berry Global Group by 3,569.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 844 shares of the industrial products company's stock worth $55,000 after purchasing an additional 821 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in Berry Global Group by 463.5% during the fourth quarter. Venturi Wealth Management LLC now owns 1,065 shares of the industrial products company's stock worth $69,000 after purchasing an additional 876 shares during the last quarter. Finally, Atlas Capital Advisors Inc. increased its position in Berry Global Group by 7,390.9% during the fourth quarter. Atlas Capital Advisors Inc. now owns 1,648 shares of the industrial products company's stock worth $107,000 after buying an additional 1,626 shares during the period. Institutional investors and hedge funds own 95.36% of the company's stock.

Berry Global Group Stock Performance

BERY opened at $69.74 on Tuesday. The company has a market capitalization of $8.08 billion, a price-to-earnings ratio of 17.39, a P/E/G ratio of 1.54 and a beta of 1.14. Berry Global Group, Inc. has a 1 year low of $56.60 and a 1 year high of $74.24. The business's 50-day moving average price is $69.21 and its two-hundred day moving average price is $68.62. 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 (NYSE:BERY - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.09. The firm had revenue of $2.39 billion for the quarter, compared to analyst estimates 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 in the prior year, the firm posted $1.22 EPS. Equities analysts expect that Berry Global Group, Inc. will post 6.25 EPS for the current fiscal year.

Berry Global Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date was Monday, March 3rd. Berry Global Group's dividend payout ratio is presently 30.92%.

Wall Street Analyst Weigh In

Several analysts recently commented on BERY shares. UBS Group raised 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. Truist Financial decreased their price objective on shares of Berry Global Group from $76.00 to $71.00 and set a "hold" rating for the company in a research note on Tuesday, April 22nd. Finally, StockNews.com began coverage on Berry Global Group in a research note on Saturday. They set a "buy" rating for the company. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently 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.

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