9,520 Shares in Berry Global Group, Inc. (NYSE:BERY) Acquired by Paloma Partners Management Co

Paloma Partners Management Co acquired a new position in Berry Global Group, Inc. (NYSE:BERY - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,520 shares of the industrial products company's stock, valued at approximately $616,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Berry Global Group during the fourth quarter valued at approximately $91,526,000. Magnetar Financial LLC purchased a new position in Berry Global Group during the fourth quarter valued at $71,882,000. Westchester Capital Management LLC purchased a new position in shares of Berry Global Group during the 4th quarter valued at about $45,055,000. Alpine Associates Management Inc. bought a new position in shares of Berry Global Group during the 4th quarter valued at approximately $38,323,000. Finally, Calamos Advisors LLC bought a new stake in Berry Global Group during the 4th quarter worth approximately $35,568,000. Hedge funds and other institutional investors own 95.36% of the company's stock.

Analysts Set New Price Targets

BERY has been the subject of a number of analyst reports. UBS Group increased their price objective on shares of Berry Global Group from $72.00 to $73.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. StockNews.com began coverage on Berry Global Group in a report on Sunday. They set a "buy" rating on the stock. Finally, Truist Financial dropped 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, April 22nd. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $75.13.

Berry Global Group Price Performance

BERY traded down $1.94 during trading hours on Friday, hitting $67.69. The company's stock had a trading volume of 18,809,857 shares, compared to its average volume of 1,400,205. The stock has a market cap of $7.84 billion, a price-to-earnings ratio of 16.88, a P/E/G ratio of 1.54 and a beta of 1.14. The business's 50-day moving average price is $68.84 and its 200-day moving average price is $68.57. The company has a current ratio of 1.61, a quick ratio of 1.09 and a debt-to-equity ratio of 3.35. Berry Global Group, Inc. has a 12 month low of $57.52 and a 12 month high of $74.24.

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, beating 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 the consensus estimate of $2.60 billion. During the same quarter last year, the firm earned $1.95 EPS. The firm's revenue for the quarter was up .0% compared to the same quarter last year. Sell-side analysts expect that Berry Global Group, Inc. will post 6.25 earnings per share for the current fiscal year.

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.