Peak6 LLC Invests $551,000 in Berry Global Group, Inc. (NYSE:BERY)

PEAK6 LLC purchased a new stake in Berry Global Group, Inc. (NYSE:BERY - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 8,520 shares of the industrial products company's stock, valued at approximately $551,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in Berry Global Group by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 1,989,350 shares of the industrial products company's stock valued at $128,691,000 after purchasing an additional 6,833 shares in the last quarter. Norges Bank bought a new position in Berry Global Group during the fourth quarter valued at about $91,526,000. Magnetar Financial LLC acquired a new position in Berry Global Group during the fourth quarter worth about $71,882,000. Charles Schwab Investment Management Inc. raised its position in Berry Global Group by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 846,925 shares of the industrial products company's stock worth $54,771,000 after acquiring an additional 11,010 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Berry Global Group by 41.7% in the 4th quarter. JPMorgan Chase & Co. now owns 605,772 shares of the industrial products company's stock valued at $39,175,000 after acquiring an additional 178,287 shares during the last quarter. Institutional investors own 95.36% of the company's stock.

Analyst Upgrades and Downgrades

BERY has been the topic of several recent research reports. StockNews.com assumed 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 target on Berry Global Group from $72.00 to $73.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Finally, Truist Financial reduced their price objective on Berry Global Group from $76.00 to $71.00 and set a "hold" rating for the company in a research note on Tuesday. Six investment 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 currently has a consensus rating of "Hold" and an average price target of $75.13.

Berry Global Group Stock Down 1.3 %

NYSE:BERY traded down $0.90 during mid-day trading on Friday, reaching $68.89. The stock had a trading volume of 1,480,551 shares, compared to its average volume of 1,308,377. The stock has a market cap of $7.98 billion, a P/E ratio of 17.18, a PEG ratio of 1.54 and a beta of 1.14. The business's 50 day moving average is $69.24 and its 200 day moving average is $68.59. 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, Inc. has a fifty-two week low of $56.60 and a fifty-two week high of $74.24.

Berry Global Group (NYSE:BERY - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.09. Berry Global Group had a return on equity of 28.26% and a net margin of 3.99%. The company had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the prior year, the company posted $1.22 EPS. The firm's revenue was up 2.2% on a year-over-year basis. As a group, sell-side analysts predict that Berry Global Group, Inc. will post 6.25 earnings per share for the current year.

Berry Global Group Dividend Announcement

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 $0.31 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.24 dividend on an annualized basis and a yield of 1.80%. Berry Global Group's payout ratio is presently 30.92%.

About Berry Global Group

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.