4,007 Shares in Berry Global Group, Inc. (NYSE:BERY) Purchased by Forum Financial Management LP

Forum Financial Management LP bought a new position in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,007 shares of the industrial products company's stock, valued at approximately $259,000.

Several other institutional investors and hedge funds have also made changes to their positions in BERY. UMB Bank n.a. raised its position 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 increased its stake in shares of Berry Global Group by 28.8% in the fourth quarter. Quadrant Capital Group LLC now owns 738 shares of the industrial products company's stock worth $48,000 after buying an additional 165 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in Berry Global Group by 3,569.6% in the fourth 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 in the last quarter. Venturi Wealth Management LLC boosted its stake in Berry Global Group by 463.5% during 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 during the last quarter. Finally, Atlas Capital Advisors Inc. boosted its stake in Berry Global Group by 7,390.9% during the 4th quarter. Atlas Capital Advisors Inc. now owns 1,648 shares of the industrial products company's stock valued at $107,000 after acquiring an additional 1,626 shares during the last quarter. 95.36% of the stock is currently owned by hedge funds and other institutional investors.

Berry Global Group Stock Performance

NYSE:BERY traded up $0.07 during midday trading on Monday, reaching $68.82. 442,759 shares of the company traded hands, compared to its average volume of 1,308,989. Berry Global Group, Inc. has a twelve month low of $56.60 and a twelve month high of $74.24. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.61 and a quick ratio of 1.09. The company has a fifty day moving average price of $69.24 and a 200 day moving average price of $68.61. The firm has a market capitalization of $7.97 billion, a price-to-earnings ratio of 17.17, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14.

Berry Global Group (NYSE:BERY - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates of $1.00 by $0.09. The business had revenue of $2.39 billion for the quarter, compared to analysts' expectations of $2.35 billion. Berry Global Group had a net margin of 3.99% and a return on equity of 28.26%. The company's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.22 EPS. On average, analysts expect that Berry Global Group, Inc. will post 6.25 EPS for the current fiscal year.

Berry Global Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date was Monday, March 3rd. Berry Global Group's dividend payout ratio (DPR) is 30.92%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on BERY shares. StockNews.com initiated coverage on shares of Berry Global Group in a research note on Saturday. They issued a "buy" rating on the stock. UBS Group upped their price objective on 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 target price on Berry Global Group from $76.00 to $71.00 and set a "hold" rating on the stock in a report on Tuesday, April 22nd. 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 presently has a consensus rating of "Hold" and a consensus price target of $75.13.

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.