South Dakota Investment Council Takes Position in Berry Global Group, Inc. (NYSE:BERY)

South Dakota Investment Council bought a new position in Berry Global Group, Inc. (NYSE:BERY - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 37,222 shares of the industrial products company's stock, valued at approximately $2,508,000.

A number of other hedge funds have also added to or reduced their stakes in BERY. Coombe Bender & Co LLC increased its holdings in shares of Berry Global Group by 3.3% during the third quarter. Coombe Bender & Co LLC now owns 6,225 shares of the industrial products company's stock valued at $385,000 after acquiring an additional 196 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Berry Global Group by 0.3% during the third quarter. EverSource Wealth Advisors LLC now owns 78,197 shares of the industrial products company's stock valued at $4,841,000 after buying an additional 222 shares during the last quarter. First Horizon Advisors Inc. boosted its position in shares of Berry Global Group by 69.6% during the third quarter. First Horizon Advisors Inc. now owns 546 shares of the industrial products company's stock valued at $34,000 after buying an additional 224 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Berry Global Group by 203.7% during the fourth quarter. Blue Trust Inc. now owns 650 shares of the industrial products company's stock valued at $40,000 after buying an additional 436 shares during the last quarter. Finally, Meritage Portfolio Management boosted its position in shares of Berry Global Group by 5.5% during the third quarter. Meritage Portfolio Management now owns 8,668 shares of the industrial products company's stock valued at $537,000 after buying an additional 449 shares during the last quarter. 95.36% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Peter T. Thomas bought 2,000 shares of the stock in a transaction dated Thursday, February 8th. The stock was bought at an average price of $56.00 per share, for a total transaction of $112,000.00. Following the purchase, the director now directly owns 2,000 shares in the company, valued at approximately $112,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Peter T. Thomas bought 2,000 shares of the stock in a transaction dated Thursday, February 8th. The stock was bought at an average price of $56.00 per share, for a total transaction of $112,000.00. Following the purchase, the director now directly owns 2,000 shares in the company, valued at approximately $112,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jonathan F. Foster acquired 1,000 shares of Berry Global Group stock in a transaction that occurred on Monday, February 12th. The shares were bought at an average cost of $58.49 per share, with a total value of $58,490.00. Following the transaction, the director now owns 5,728 shares in the company, valued at $335,030.72. The disclosure for this purchase can be found here. Company insiders own 4.00% of the company's stock.

Berry Global Group Trading Down 0.7 %

BERY stock traded down $0.37 during trading on Thursday, hitting $56.54. 561,852 shares of the company traded hands, compared to its average volume of 1,141,676. The firm has a market capitalization of $6.55 billion, a PE ratio of 12.19, a P/E/G ratio of 0.76 and a beta of 1.25. Berry Global Group, Inc. has a 1 year low of $53.83 and a 1 year high of $69.93. The company has a 50-day moving average of $58.81 and a 200-day moving average of $61.42. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.95 and a current ratio of 1.67.

Berry Global Group (NYSE:BERY - Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.29 by ($0.07). Berry Global Group had a return on equity of 26.79% and a net margin of 4.51%. The business had revenue of $2.85 billion during the quarter, compared to analysts' expectations of $2.99 billion. During the same quarter last year, the business posted $1.30 EPS. The company's quarterly revenue was down 6.8% compared to the same quarter last year. Analysts predict that Berry Global Group, Inc. will post 7.38 earnings per share for the current fiscal year.

Berry Global Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend was Thursday, February 29th. Berry Global Group's dividend payout ratio (DPR) is currently 23.66%.

Analyst Ratings Changes

A number of research analysts have recently commented on BERY shares. StockNews.com cut Berry Global Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 8th. TheStreet lowered Berry Global Group from a "b-" rating to a "c+" rating in a research note on Monday, February 26th. Robert W. Baird reiterated a "neutral" rating and set a $65.00 price objective (down from $68.00) on shares of Berry Global Group in a research note on Tuesday, April 16th. Barclays decreased their price objective on Berry Global Group from $67.00 to $64.00 and set an "equal weight" rating on the stock in a research note on Monday, February 12th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $62.00 price objective (down from $72.00) on shares of Berry Global Group in a research note on Friday, March 15th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $72.00.

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.