Berry Global Group, Inc. (NYSE:BERY) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its holdings in Berry Global Group, Inc. (NYSE:BERY - Free Report) by 3.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 798,253 shares of the industrial products company's stock after acquiring an additional 26,090 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.69% of Berry Global Group worth $53,794,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Private Advisor Group LLC bought a new position in shares of Berry Global Group during the 4th quarter valued at $247,000. Sapient Capital LLC bought a new position in Berry Global Group in the 4th quarter worth $525,000. LSV Asset Management raised its holdings in Berry Global Group by 4.1% in the 4th quarter. LSV Asset Management now owns 4,330,213 shares of the industrial products company's stock worth $291,813,000 after purchasing an additional 170,317 shares during the period. M&T Bank Corp raised its holdings in Berry Global Group by 2.0% in the 4th quarter. M&T Bank Corp now owns 8,854 shares of the industrial products company's stock worth $597,000 after purchasing an additional 173 shares during the period. Finally, Natixis Advisors L.P. raised its holdings in Berry Global Group by 6.0% in the 4th quarter. Natixis Advisors L.P. now owns 55,798 shares of the industrial products company's stock worth $3,760,000 after purchasing an additional 3,153 shares during the period. 95.36% of the stock is owned by institutional investors.

Berry Global Group Price Performance

Shares of BERY stock traded down $0.01 on Friday, reaching $60.69. The company's stock had a trading volume of 987,645 shares, compared to its average volume of 1,130,845. Berry Global Group, Inc. has a 1 year low of $53.92 and a 1 year high of $69.93. The company has a market capitalization of $6.94 billion, a price-to-earnings ratio of 14.50, a price-to-earnings-growth ratio of 0.81 and a beta of 1.24. The stock's fifty day simple moving average is $58.89 and its 200-day simple moving average is $61.72. The company has a current ratio of 1.74, a quick ratio of 1.01 and a debt-to-equity ratio of 2.64.

Berry Global Group (NYSE:BERY - Get Free Report) last released its earnings results on Thursday, May 9th. The industrial products company reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.05. The firm had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.16 billion. Berry Global Group had a return on equity of 26.55% and a net margin of 4.12%. The company's revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.96 EPS. Analysts forecast that Berry Global Group, Inc. will post 7.42 earnings per share for the current fiscal year.

Berry Global Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be paid a dividend of $0.275 per share. The ex-dividend date is Friday, May 31st. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.81%. Berry Global Group's dividend payout ratio is 26.13%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BERY. Truist Financial reaffirmed a "hold" rating and issued a $68.00 target price (down from $75.00) on shares of Berry Global Group in a report on Wednesday, March 27th. Bank of America raised their target price on Berry Global Group from $74.00 to $81.00 and gave the stock a "buy" rating in a report on Friday, May 10th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $62.00 target price (down from $72.00) on shares of Berry Global Group in a report on Friday, March 15th. Mizuho cut their price target on Berry Global Group from $74.00 to $65.00 and set a "neutral" rating for the company in a research note on Thursday, February 8th. Finally, Robert W. Baird reiterated a "neutral" rating and issued a $65.00 price target (down previously from $68.00) on shares of Berry Global Group in a research note on Tuesday, April 16th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Berry Global Group currently has an average rating of "Hold" and a consensus target price of $72.60.

Insider Transactions at Berry Global Group

In other news, CFO Mark W. Miles sold 1,118 shares of the business's stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $60.29, for a total transaction of $67,404.22. Following the completion of the sale, the chief financial officer now directly owns 119,384 shares of the company's stock, valued at $7,197,661.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.00% of the company's stock.

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.