Hancock Whitney Corp Decreases Holdings in Berry Global Group, Inc. (NYSE:BERY)

Hancock Whitney Corp decreased its stake in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) by 46.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 8,456 shares of the industrial products company's stock after selling 7,216 shares during the period. Hancock Whitney Corp's holdings in Berry Global Group were worth $547,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Sound Income Strategies LLC lifted its holdings in Berry Global Group by 13.4% during the fourth quarter. Sound Income Strategies LLC now owns 72,914 shares of the industrial products company's stock worth $4,715,000 after acquiring an additional 8,622 shares in the last quarter. Barclays PLC boosted its holdings in shares of Berry Global Group by 87.1% in the 3rd quarter. Barclays PLC now owns 101,956 shares of the industrial products company's stock valued at $6,931,000 after buying an additional 47,476 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in shares of Berry Global Group by 3,569.6% during 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 during the last quarter. SG Americas Securities LLC raised its stake in Berry Global Group by 333.1% in the fourth quarter. SG Americas Securities LLC now owns 9,697 shares of the industrial products company's stock valued at $627,000 after buying an additional 7,458 shares during the period. Finally, Tidal Investments LLC increased its holdings in shares of Berry Global Group by 71.0% in the third quarter. Tidal Investments LLC now owns 31,325 shares of the industrial products company's stock valued at $2,129,000 after purchasing an additional 13,004 shares during the last quarter. Institutional investors own 95.36% of the company's stock.

Berry Global Group Stock Performance

BERY traded down $1.94 during mid-day trading on Friday, reaching $67.69. 18,809,857 shares of the company traded hands, compared to its average volume of 1,394,257. The company has a quick ratio of 1.09, a current ratio of 1.61 and a debt-to-equity ratio of 3.35. The stock has a market capitalization of $7.84 billion, a P/E ratio of 16.88, a P/E/G ratio of 1.54 and a beta of 1.14. The company's fifty day moving average price is $68.94 and its 200-day moving average price is $68.59. Berry Global Group, Inc. has a 52-week low of $57.52 and a 52-week high of $74.24.

Berry Global Group (NYSE:BERY - Get Free Report) last posted its earnings results on Wednesday, April 30th. The industrial products company reported $1.55 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $2.60 billion. During the same period in the previous year, the firm posted $1.95 EPS. The business's quarterly revenue was up .0% on a year-over-year basis. On average, sell-side analysts expect that Berry Global Group, Inc. will post 6.25 EPS for the current year.

Analysts Set New Price Targets

BERY has been the topic of a number of recent analyst reports. UBS Group raised their price target on Berry Global Group from $72.00 to $73.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. StockNews.com started coverage on Berry Global Group in a research report on Saturday, April 26th. They set a "buy" rating for the company. Finally, Truist Financial lowered their target price on Berry Global Group from $76.00 to $71.00 and set a "hold" rating for the company in a report on Tuesday, April 22nd. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average 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.