CANADA LIFE ASSURANCE Co Sells 4,219 Shares of Berry Global Group, Inc. (NYSE:BERY)

CANADA LIFE ASSURANCE Co lessened its holdings in Berry Global Group, Inc. (NYSE:BERY - Free Report) by 4.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 96,531 shares of the industrial products company's stock after selling 4,219 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.08% of Berry Global Group worth $6,243,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. UMB Bank n.a. increased its stake 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 worth $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 4th quarter. Quadrant Capital Group LLC now owns 738 shares of the industrial products company's stock worth $48,000 after purchasing an additional 165 shares in the last quarter. Steward Partners Investment Advisory LLC increased 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 purchasing an additional 821 shares in the last quarter. Venturi Wealth Management LLC increased its stake 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 purchasing an additional 876 shares in the last quarter. Finally, Atlas Capital Advisors Inc. increased its stake in shares of Berry Global Group by 7,390.9% in the 4th quarter. Atlas Capital Advisors Inc. now owns 1,648 shares of the industrial products company's stock worth $107,000 after purchasing an additional 1,626 shares in the last quarter. Hedge funds and other institutional investors own 95.36% of the company's stock.

Berry Global Group Price Performance

Shares of BERY traded up $0.99 during midday trading on Monday, hitting $69.74. 2,468,545 shares of the company traded hands, compared to its average volume of 1,316,828. The firm has a 50 day moving average of $69.21 and a 200-day moving average of $68.62. Berry Global Group, Inc. has a 52 week low of $56.60 and a 52 week high of $74.24. The stock has a market cap of $8.08 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 1.54 and a beta of 1.14. The company has a debt-to-equity ratio of 3.35, a quick ratio of 1.09 and a current ratio of 1.61.

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 EPS 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 during the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the prior year, the firm earned $1.22 EPS. The business's revenue was up 2.2% on a year-over-year basis. On average, analysts forecast that Berry Global Group, Inc. will post 6.25 EPS 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. Shareholders of record on Monday, March 3rd were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.78%. The ex-dividend date was Monday, March 3rd. Berry Global Group's dividend payout ratio (DPR) is presently 30.92%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BERY. StockNews.com began coverage on Berry Global Group in a research note on Saturday. They issued a "buy" rating for the company. Truist Financial cut their price target 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. Finally, UBS Group increased their price target on Berry Global Group from $72.00 to $73.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $75.13.

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.