Berry Global Group, Inc. (NYSE:BERY) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its holdings in Berry Global Group, Inc. (NYSE:BERY - Free Report) by 1.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,212,389 shares of the industrial products company's stock after purchasing an additional 38,414 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.91% of Berry Global Group worth $149,099,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Jump Financial LLC bought a new position in Berry Global Group during the fourth quarter valued at approximately $290,000. Qsemble Capital Management LP purchased a new position in shares of Berry Global Group in the 4th quarter worth approximately $373,000. AGF Management Ltd. boosted its holdings in shares of Berry Global Group by 2.6% in the 4th quarter. AGF Management Ltd. now owns 16,042 shares of the industrial products company's stock worth $1,081,000 after purchasing an additional 404 shares during the period. BNP Paribas Financial Markets increased its position in shares of Berry Global Group by 50.2% during the 4th quarter. BNP Paribas Financial Markets now owns 107,955 shares of the industrial products company's stock valued at $7,275,000 after purchasing an additional 36,096 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in Berry Global Group by 8.8% during the 4th quarter. Teacher Retirement System of Texas now owns 89,008 shares of the industrial products company's stock valued at $5,998,000 after buying an additional 7,215 shares during the period. 95.36% of the stock is owned by hedge funds and other institutional investors.

Berry Global Group Stock Down 0.0 %

Shares of BERY stock traded down $0.02 on Friday, hitting $60.68. The stock had a trading volume of 987,646 shares, compared to its average volume of 988,023. Berry Global Group, Inc. has a one year low of $53.92 and a one year high of $69.93. The business has a 50 day moving average price of $58.90 and a 200 day moving average price of $61.81. The company has a market cap of $6.94 billion, a PE ratio of 14.41, a P/E/G ratio of 0.82 and a beta of 1.24. The company has a quick ratio of 1.01, a current ratio of 1.74 and a debt-to-equity ratio of 2.64.

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

Berry Global Group Dividend Announcement

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

Insider Buying and Selling 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 stock was sold at an average price of $60.29, for a total value of $67,404.22. Following the completion of the transaction, the chief financial officer now directly owns 119,384 shares of the company's stock, valued at approximately $7,197,661.36. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 4.00% of the company's stock.

Analysts Set New Price Targets

BERY has been the topic of a number of analyst reports. Wolfe Research began coverage on shares of Berry Global Group in a research report on Friday, March 1st. They set a "peer perform" rating on the stock. Bank of America boosted their target price on Berry Global Group from $74.00 to $81.00 and gave the company a "buy" rating in a research report on Friday, May 10th. StockNews.com downgraded Berry Global Group from a "buy" rating to a "hold" rating in a report on Thursday, February 8th. Mizuho dropped their price objective on Berry Global Group from $74.00 to $65.00 and set a "neutral" rating for the company in a report on Thursday, February 8th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $62.00 price objective (down previously from $72.00) on shares of Berry Global Group in a research report on Friday, March 15th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Berry Global Group currently has an average rating of "Hold" and a consensus price target of $72.60.

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.