Natixis Invests $671,000 in Berry Global Group, Inc. (NYSE:BERY)

Natixis acquired a new stake in Berry Global Group, Inc. (NYSE:BERY - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,370 shares of the industrial products company's stock, valued at approximately $671,000.

Several other large investors also recently added to or reduced their stakes in the stock. Greenleaf Trust raised its holdings in shares of Berry Global Group by 3.5% in the fourth quarter. Greenleaf Trust now owns 4,408 shares of the industrial products company's stock valued at $285,000 after acquiring an additional 149 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in 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 in the last quarter. CIBC Asset Management Inc increased its position 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 purchasing an additional 170 shares during the period. Commonwealth Equity Services LLC raised its holdings in shares of Berry Global Group by 2.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 10,033 shares of the industrial products company's stock valued at $649,000 after purchasing an additional 241 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in shares of Berry Global Group by 89.0% in the 4th quarter. UMB Bank n.a. now owns 650 shares of the industrial products company's stock worth $42,000 after purchasing an additional 306 shares during the period. 95.36% of the stock is owned by hedge funds and other institutional investors.

Berry Global Group Stock Down 2.9 %

NYSE:BERY traded down $1.99 during mid-day trading on Tuesday, hitting $67.63. 1,265,513 shares of the company's stock traded hands, compared to its average volume of 1,317,642. The company has a fifty day moving average of $69.21 and a 200 day moving average of $68.62. The company has a debt-to-equity ratio of 3.35, a quick ratio of 1.09 and a current ratio of 1.61. Berry Global Group, Inc. has a twelve month low of $56.60 and a twelve month high of $74.24. The company has a market capitalization of $7.83 billion, a P/E ratio of 16.88, a P/E/G ratio of 1.54 and a beta of 1.14.

Berry Global Group (NYSE:BERY - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.09. The firm had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.35 billion. Berry Global Group had a net margin of 3.99% and a return on equity of 28.26%. The company's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.22 earnings per share. On average, analysts forecast that Berry Global Group, Inc. will post 6.25 EPS for the current year.

Berry Global Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.31 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.24 annualized dividend and a dividend yield of 1.83%. Berry Global Group's payout ratio is currently 30.92%.

Wall Street Analysts Forecast Growth

BERY has been the topic of several research reports. StockNews.com assumed coverage on shares of Berry Global Group in a report on Saturday. They set a "buy" rating on the stock. UBS Group boosted 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. Finally, Truist Financial dropped their price objective on 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 assigned a buy rating to the stock. According to MarketBeat.com, Berry Global Group presently has an average rating of "Hold" and an average target price 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.