Schonfeld Strategic Advisors LLC Acquires 156,667 Shares of Berry Global Group, Inc. (NYSE:BERY)

Schonfeld Strategic Advisors LLC grew its position in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) by 4,027.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 160,557 shares of the industrial products company's stock after buying an additional 156,667 shares during the period. Schonfeld Strategic Advisors LLC owned approximately 0.14% of Berry Global Group worth $10,383,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in BERY. Paloma Partners Management Co acquired a new position in Berry Global Group during the fourth quarter worth about $616,000. Pentwater Capital Management LP acquired a new position in shares of Berry Global Group during the fourth quarter worth $18,302,000. TIG Advisors LLC bought a new position in shares of Berry Global Group in the 4th quarter valued at $1,566,000. Northern Trust Corp increased its holdings in Berry Global Group by 26.3% in the 4th quarter. Northern Trust Corp now owns 1,000,009 shares of the industrial products company's stock worth $64,671,000 after purchasing an additional 208,303 shares in the last quarter. Finally, Tudor Investment Corp ET AL bought a new position in Berry Global Group in the fourth quarter valued at about $5,613,000. 95.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BERY has been the topic of several recent research reports. StockNews.com began coverage on Berry Global Group in a report on Sunday. They set a "buy" rating on the stock. Truist Financial decreased their target price on 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. Finally, UBS Group lifted 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 analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $75.13.

Berry Global Group Stock Performance

Shares of NYSE:BERY traded down $1.94 during midday trading on Tuesday, reaching $67.69. The company had a trading volume of 18,809,857 shares, compared to its average volume of 1,400,205. Berry Global Group, Inc. has a 52-week low of $57.52 and a 52-week high of $74.24. The company's 50 day moving average price is $68.76 and its 200 day moving average price is $68.54. The company has a current ratio of 1.61, a quick ratio of 1.09 and a debt-to-equity ratio of 3.35. The stock has a market cap of $7.84 billion, a P/E ratio of 16.88, a P/E/G ratio of 1.54 and a beta of 1.14.

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 EPS for the quarter, beating the consensus estimate of $1.52 by $0.03. The business had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.60 billion. Berry Global Group had a return on equity of 28.26% and a net margin of 3.99%. Berry Global Group's revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.95 earnings per share. As a group, sell-side analysts anticipate that Berry Global Group, Inc. will post 6.25 EPS for the current fiscal year.

About Berry Global Group

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.