Berry Global Group, Inc. (NYSE:BERY) is Khrom Capital Management LLC's Largest Position

Khrom Capital Management LLC raised its stake in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) by 14.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,630,007 shares of the industrial products company's stock after buying an additional 210,046 shares during the quarter. Berry Global Group comprises approximately 11.9% of Khrom Capital Management LLC's holdings, making the stock its largest position. Khrom Capital Management LLC owned about 1.41% of Berry Global Group worth $105,413,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of BERY. UMB Bank n.a. boosted its position 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 acquiring an additional 306 shares during the last quarter. Quadrant Capital Group LLC lifted its position in Berry Global Group by 28.8% during the fourth quarter. Quadrant Capital Group LLC now owns 738 shares of the industrial products company's stock valued at $48,000 after purchasing an additional 165 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of Berry Global Group by 3,569.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 844 shares of the industrial products company's stock worth $55,000 after buying an additional 821 shares in the last quarter. Venturi Wealth Management LLC increased its holdings 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 worth $69,000 after buying an additional 876 shares during the last quarter. Finally, Atlas Capital Advisors Inc. raised its position in shares of 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 buying an additional 1,626 shares in the last quarter. Institutional investors own 95.36% of the company's stock.

Analyst Upgrades and Downgrades

BERY has been the topic of several analyst reports. StockNews.com began coverage on Berry Global Group in a research note on Saturday. They set a "buy" rating on the stock. UBS Group boosted their target price on Berry Global Group from $72.00 to $73.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Finally, Truist Financial decreased their price target 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 analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Berry Global Group currently has a consensus rating of "Hold" and a consensus target price of $75.13.

Berry Global Group Stock Down 1.3 %

BERY stock traded down $0.90 during trading on Friday, reaching $68.89. 1,480,551 shares of the company traded hands, compared to its average volume of 1,312,202. The business has a 50 day simple moving average of $69.24 and a 200 day simple moving average of $68.60. Berry Global Group, Inc. has a 12 month low of $56.60 and a 12 month high of $74.24. 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 has a market capitalization of $7.98 billion, a price-to-earnings ratio of 17.18, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14.

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

Berry Global Group Announces Dividend

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

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.