Marshall Wace LLP Increases Stock Holdings in Berry Global Group, Inc. (NYSE:BERY)

Marshall Wace LLP grew its holdings in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) by 7.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 430,266 shares of the industrial products company's stock after buying an additional 27,983 shares during the quarter. Marshall Wace LLP owned 0.37% of Berry Global Group worth $27,825,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. PEAK6 LLC purchased a new stake in shares of Berry Global Group in the fourth quarter valued at $551,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of Berry Global Group during the fourth quarter valued at approximately $4,625,000. Gamco Investors INC. ET AL bought a new position in shares of Berry Global Group during the fourth quarter valued at approximately $206,000. Keeley Teton Advisors LLC raised its holdings in shares of Berry Global Group by 125.7% in the fourth quarter. Keeley Teton Advisors LLC now owns 66,756 shares of the industrial products company's stock worth $4,317,000 after buying an additional 37,181 shares during the period. Finally, Gabelli Funds LLC purchased a new stake in shares of Berry Global Group in the fourth quarter worth approximately $4,158,000. 95.36% of the stock is currently owned by institutional investors.

Berry Global Group Stock Up 1.8 %

NYSE:BERY traded up $1.24 during trading hours on Thursday, reaching $69.75. The company's stock had a trading volume of 909,769 shares, compared to its average volume of 1,745,789. The company has a debt-to-equity ratio of 3.35, a quick ratio of 1.09 and a current ratio of 1.61. The company has a market capitalization of $8.08 billion, a P/E ratio of 17.39, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14. The stock has a 50 day moving average price of $69.30 and a two-hundred day moving average price of $68.55. Berry Global Group, Inc. has a 12 month low of $56.19 and a 12 month high of $74.24.

Berry Global Group (NYSE:BERY - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $2.39 billion during the quarter, compared to analysts' expectations of $2.35 billion. During the same period in the prior year, the business posted $1.22 EPS. The firm's quarterly revenue was up 2.2% on a year-over-year basis. Equities analysts predict that Berry Global Group, Inc. will post 6.25 EPS for the current fiscal year.

Berry Global Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend was Monday, March 3rd. Berry Global Group's payout ratio is currently 30.92%.

Wall Street Analysts Forecast Growth

BERY has been the topic of several research analyst reports. UBS Group upped their price objective on Berry Global Group from $72.00 to $73.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. StockNews.com started coverage on shares of Berry Global Group in a research note on Friday, April 18th. They set a "buy" rating for the company. Finally, Truist Financial lowered their target price on shares of Berry Global Group from $76.00 to $71.00 and set a "hold" rating for the company in a research note on Tuesday. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $75.13.

Berry Global Group Company 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.