Fuller & Thaler Asset Management Inc. Sells 32,160 Shares of Berry Global Group, Inc. (NYSE:BERY)

Fuller & Thaler Asset Management Inc. trimmed its stake in Berry Global Group, Inc. (NYSE:BERY - Free Report) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,672,549 shares of the industrial products company's stock after selling 32,160 shares during the quarter. Berry Global Group makes up 1.1% of Fuller & Thaler Asset Management Inc.'s portfolio, making the stock its 9th biggest holding. Fuller & Thaler Asset Management Inc. owned approximately 4.04% of Berry Global Group worth $302,174,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Berry Global Group in the fourth quarter valued at about $91,526,000. Magnetar Financial LLC acquired a new position in Berry Global Group in the fourth quarter worth $71,882,000. Alpine Associates Management Inc. acquired a new position in Berry Global Group in the fourth quarter worth $38,323,000. Calamos Advisors LLC acquired a new position in shares of Berry Global Group during the fourth quarter valued at $35,568,000. Finally, KRYGER CAPITAL Ltd acquired a new position in shares of Berry Global Group during the fourth quarter valued at $32,713,000. 95.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BERY has been the subject of several analyst reports. UBS Group boosted their price target on shares of Berry Global Group from $72.00 to $73.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Truist Financial reduced 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 report on Tuesday, April 22nd. Finally, StockNews.com started coverage on shares of Berry Global Group in a report on Saturday. They issued 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 company's stock. Based on data from MarketBeat, Berry Global Group presently has a consensus rating of "Hold" and an average price target of $75.13.

Berry Global Group Stock Performance

Shares of NYSE:BERY traded up $0.17 on Monday, hitting $68.92. 582,008 shares of the company were exchanged, compared to its average volume of 1,733,518. The company's 50 day moving average price is $69.24 and its two-hundred day moving average price is $68.61. Berry Global Group, Inc. has a one year low of $56.60 and a one year 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 firm has a market capitalization of $7.98 billion, a price-to-earnings ratio of 17.18, a PEG ratio of 1.54 and a beta of 1.14.

Berry Global Group (NYSE:BERY - Get Free Report) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.09. Berry Global Group had a net margin of 3.99% and a return on equity of 28.26%. The business had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same period in the previous year, the business earned $1.22 EPS. The firm's revenue was up 2.2% on a year-over-year basis. Research analysts expect 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 declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given 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 dividend payout ratio (DPR) 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.