Dimensional Fund Advisors LP Sells 709,392 Shares of Berry Global Group, Inc. (NYSE:BERY)

Dimensional Fund Advisors LP decreased its position in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) by 19.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,959,946 shares of the industrial products company's stock after selling 709,392 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.56% of Berry Global Group worth $191,417,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Greenleaf Trust lifted its position in shares of Berry Global Group by 3.5% during the fourth quarter. Greenleaf Trust now owns 4,408 shares of the industrial products company's stock worth $285,000 after acquiring an additional 149 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in 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 during the period. CIBC Asset Management Inc grew its holdings in Berry Global Group by 5.1% during the 4th quarter. CIBC Asset Management Inc now owns 3,534 shares of the industrial products company's stock valued at $229,000 after buying an additional 170 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in Berry Global Group by 2.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 10,033 shares of the industrial products company's stock valued at $649,000 after acquiring an additional 241 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in 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 worth $42,000 after acquiring an additional 306 shares during the period. Hedge funds and other institutional investors own 95.36% of the company's stock.

Berry Global Group Trading Down 2.9 %

NYSE BERY traded down $2.02 during trading on Tuesday, hitting $67.60. 1,265,513 shares of the company's stock traded hands, compared to its average volume of 1,317,642. The stock has a fifty day moving average of $69.21 and a two-hundred day moving average of $68.62. Berry Global Group, Inc. has a 12-month low of $56.60 and a 12-month high of $74.24. The firm has a market cap of $7.83 billion, a P/E ratio of 16.88, a PEG ratio of 1.54 and a beta of 1.14. 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 (NYSE:BERY - Get Free Report) last posted 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 business had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same period last year, the company earned $1.22 EPS. Berry Global Group's revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, sell-side analysts expect that Berry Global Group, Inc. will post 6.25 EPS 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 dividend of $0.31 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.24 annualized dividend and a yield of 1.83%. Berry Global Group's payout ratio is currently 30.92%.

Analyst Upgrades and Downgrades

BERY has been the topic of several research analyst reports. StockNews.com initiated coverage on shares of Berry Global Group in a report on Saturday. They issued a "buy" rating on the stock. UBS Group raised 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 decreased their price objective on shares of Berry Global Group from $76.00 to $71.00 and set a "hold" rating on the stock in a research report on Tuesday, April 22nd. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target 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.