Berry Global Group, Inc. (NYSE:BERY) Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its stake in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) by 157.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of BERY. Greenleaf Trust raised its stake in Berry Global Group by 3.5% in the fourth quarter. Greenleaf Trust now owns 4,408 shares of the industrial products company's stock worth $285,000 after buying an additional 149 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Berry Global Group by 28.8% during the 4th quarter. Quadrant Capital Group LLC now owns 738 shares of the industrial products company's stock worth $48,000 after acquiring an additional 165 shares during the period. CIBC Asset Management Inc raised its stake in shares of Berry Global Group by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 3,534 shares of the industrial products company's stock valued at $229,000 after acquiring an additional 170 shares during the period. Commonwealth Equity Services LLC lifted its holdings in Berry Global Group by 2.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 10,033 shares of the industrial products company's stock worth $649,000 after buying an additional 241 shares in the last quarter. Finally, UMB Bank n.a. raised its position in shares of 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 in the last quarter. Hedge funds and other institutional investors own 95.36% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. UBS Group boosted their price objective 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. StockNews.com assumed coverage on Berry Global Group in a research note on Sunday, May 4th. 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to 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 Down 2.8 %

Shares of NYSE:BERY traded down $1.94 during midday trading on Friday, hitting $67.69. 18,809,857 shares of the company's stock were exchanged, compared to its average volume of 1,399,137. The company has a market cap of $7.84 billion, a PE ratio of 16.88, a price-to-earnings-growth 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, Inc. has a 12 month low of $57.52 and a 12 month high of $74.24. The stock has a 50 day moving average price of $68.50 and a 200-day moving average price of $68.52.

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 business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the prior year, the firm posted $1.95 EPS. Berry Global Group's revenue was up .0% on a year-over-year basis. On average, sell-side analysts anticipate that Berry Global Group, Inc. will post 6.25 EPS for the current fiscal year.

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.