Hsbc Holdings PLC Boosts Holdings in Berry Global Group, Inc. (NYSE:BERY)

Hsbc Holdings PLC increased its stake in Berry Global Group, Inc. (NYSE:BERY - Free Report) by 157.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,394 shares of the industrial products company's stock after purchasing an additional 10,029 shares during the quarter. Hsbc Holdings PLC's holdings in Berry Global Group were worth $1,059,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Sound Income Strategies LLC grew its holdings in shares of Berry Global Group by 13.4% in 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 during the period. Barclays PLC boosted its position in Berry Global Group by 87.1% in the third quarter. Barclays PLC now owns 101,956 shares of the industrial products company's stock worth $6,931,000 after purchasing an additional 47,476 shares during the last quarter. Steward Partners Investment Advisory LLC grew 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 valued at $55,000 after purchasing an additional 821 shares during the period. SG Americas Securities LLC boosted its holdings in shares of 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 worth $627,000 after buying an additional 7,458 shares during the last quarter. Finally, Tidal Investments LLC grew its position in Berry Global Group by 71.0% during the third quarter. Tidal Investments LLC now owns 31,325 shares of the industrial products company's stock valued at $2,129,000 after buying an additional 13,004 shares during the period. Institutional investors own 95.36% of the company's stock.

Berry Global Group Trading Down 2.8 %

Shares of NYSE:BERY traded down $1.94 on Wednesday, hitting $67.69. 18,809,857 shares of the company's stock were exchanged, compared to its average volume of 1,401,516. The stock has a market capitalization of $7.84 billion, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14. Berry Global Group, Inc. has a 12 month low of $57.52 and a 12 month high of $74.24. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.61 and a quick ratio of 1.09. The business's 50 day simple moving average is $68.68 and its two-hundred day simple moving average is $68.54.

Berry Global Group (NYSE:BERY - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.52 by $0.03. Berry Global Group had a return on equity of 28.26% and a net margin of 3.99%. The company had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.60 billion. During the same period in the previous year, the company posted $1.95 earnings per share. Berry Global Group's revenue for the quarter was up .0% on a year-over-year basis. Analysts anticipate that Berry Global Group, Inc. will post 6.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BERY has been the topic of several analyst reports. StockNews.com initiated coverage on Berry Global Group in a research report on Sunday. They set a "buy" rating on the stock. UBS Group increased their target price on shares of Berry Global Group from $72.00 to $73.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Finally, Truist Financial dropped their price target on shares of Berry Global Group from $76.00 to $71.00 and set a "hold" rating for the company in a research report on Tuesday, April 22nd. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $75.13.

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.