Berry Global Group, Inc. (NYSE:BERY) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD cut its position in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) by 13.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 86,685 shares of the industrial products company's stock after selling 13,755 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.07% of Berry Global Group worth $5,607,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its holdings in shares of Berry Global Group by 89.0% in the fourth quarter. UMB Bank n.a. now owns 650 shares of the industrial products company's stock worth $42,000 after buying an additional 306 shares during the period. Quadrant Capital Group LLC increased its stake in Berry Global Group by 28.8% in the fourth quarter. Quadrant Capital Group LLC now owns 738 shares of the industrial products company's stock worth $48,000 after purchasing an additional 165 shares during the period. Steward Partners Investment Advisory LLC lifted its position in shares of Berry Global Group by 3,569.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 844 shares of the industrial products company's stock worth $55,000 after purchasing an additional 821 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Berry Global Group by 463.5% during the fourth quarter. Venturi Wealth Management LLC now owns 1,065 shares of the industrial products company's stock valued at $69,000 after purchasing an additional 876 shares during the period. Finally, Atlas Capital Advisors Inc. grew its holdings in shares of Berry Global Group by 7,390.9% in the fourth quarter. Atlas Capital Advisors Inc. now owns 1,648 shares of the industrial products company's stock worth $107,000 after purchasing an additional 1,626 shares during the last quarter. 95.36% of the stock is currently owned by institutional investors.

Berry Global Group Stock Down 2.8 %

BERY stock traded down $1.94 on Tuesday, hitting $67.69. 18,809,857 shares of the company's stock were exchanged, compared to its average volume of 1,401,516. The firm has a 50 day moving average price of $68.68 and a two-hundred day moving average price of $68.54. Berry Global Group, Inc. has a 12-month low of $57.52 and a 12-month high of $74.24. The stock has a market cap of $7.84 billion, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14. 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 (NYSE:BERY - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.03. The firm had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.60 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 .0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.95 earnings per share. As a group, equities research analysts expect that Berry Global Group, Inc. will post 6.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on BERY shares. Truist Financial lowered their price objective on shares of Berry Global Group from $76.00 to $71.00 and set a "hold" rating for the company in a research report on Tuesday, April 22nd. UBS Group increased their price objective on Berry Global Group from $72.00 to $73.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. Finally, StockNews.com initiated coverage on Berry Global Group in a research report on Sunday. They set a "buy" rating for the company. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus 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.