Raymond James Financial Inc. Takes $8.35 Million Position in Berry Global Group, Inc. (NYSE:BERY)

Raymond James Financial Inc. purchased a new position in Berry Global Group, Inc. (NYSE:BERY - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 129,154 shares of the industrial products company's stock, valued at approximately $8,352,000. Raymond James Financial Inc. owned 0.11% of Berry Global Group at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. UMB Bank n.a. grew its holdings in shares of Berry Global Group by 89.0% during the fourth quarter. UMB Bank n.a. now owns 650 shares of the industrial products company's stock valued at $42,000 after buying an additional 306 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Berry Global Group by 28.8% during the fourth quarter. Quadrant Capital Group LLC now owns 738 shares of the industrial products company's stock valued at $48,000 after buying an additional 165 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings 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 valued at $55,000 after buying an additional 821 shares during the last quarter. Venturi Wealth Management LLC grew its holdings 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 buying an additional 876 shares during the last quarter. Finally, Atlas Capital Advisors Inc. grew its holdings in shares of Berry Global Group by 7,390.9% during the fourth quarter. Atlas Capital Advisors Inc. now owns 1,648 shares of the industrial products company's stock valued at $107,000 after buying an additional 1,626 shares during the last quarter. 95.36% of the stock is currently owned by institutional investors and hedge funds.

Berry Global Group Stock Performance

BERY stock traded up $0.99 during mid-day trading on Monday, hitting $69.74. The company had a trading volume of 2,468,545 shares, compared to its average volume of 1,316,828. The firm has a market cap of $8.08 billion, a PE ratio of 17.39, 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, Inc. has a 12 month low of $56.60 and a 12 month high of $74.24. The stock's fifty day moving average price is $69.21 and its two-hundred day moving average price is $68.62.

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

Berry Global Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.78%. The ex-dividend date was Monday, March 3rd. Berry Global Group's dividend payout ratio (DPR) is currently 30.92%.

Analysts Set New Price Targets

BERY has been the topic of a number of recent analyst reports. StockNews.com initiated coverage on shares of Berry Global Group in a research report on Saturday. They set a "buy" rating on the stock. Truist Financial dropped their price target on shares of 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. Finally, UBS Group raised their price target on shares of Berry Global Group from $72.00 to $73.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $75.13.

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.