Tudor Investment Corp ET AL Makes New Investment in Berry Global Group, Inc. (NYSE:BERY)

Tudor Investment Corp ET AL purchased a new stake in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 86,799 shares of the industrial products company's stock, valued at approximately $5,613,000. Tudor Investment Corp ET AL owned 0.07% of Berry Global Group at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Sound Income Strategies LLC boosted its stake in Berry Global Group by 13.4% in the 4th quarter. Sound Income Strategies LLC now owns 72,914 shares of the industrial products company's stock worth $4,715,000 after purchasing an additional 8,622 shares in the last quarter. Barclays PLC increased its position in shares of Berry Global Group by 87.1% during the third quarter. Barclays PLC now owns 101,956 shares of the industrial products company's stock valued at $6,931,000 after acquiring an additional 47,476 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in Berry Global Group by 3,569.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 844 shares of the industrial products company's stock worth $55,000 after acquiring an additional 821 shares during the last quarter. SG Americas Securities LLC lifted its position in Berry Global Group by 333.1% in the 4th quarter. SG Americas Securities LLC now owns 9,697 shares of the industrial products company's stock valued at $627,000 after acquiring an additional 7,458 shares in the last quarter. Finally, Tidal Investments LLC increased its holdings in shares of Berry Global Group by 71.0% in the 3rd quarter. Tidal Investments LLC now owns 31,325 shares of the industrial products company's stock worth $2,129,000 after purchasing an additional 13,004 shares in the last quarter. Institutional investors own 95.36% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BERY. UBS Group upped their price target on Berry Global Group from $72.00 to $73.00 and gave the company a "neutral" rating in a report on Friday, February 7th. 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 report on Tuesday, April 22nd. Finally, StockNews.com began coverage on shares of Berry Global Group in a report on Sunday. They set a "buy" rating for the company. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $75.13.

Berry Global Group Stock Performance

Shares of BERY stock traded down $1.94 during mid-day trading on Monday, reaching $67.69. 18,809,857 shares of the company's stock traded hands, compared to its average volume of 1,400,205. The firm has a 50 day moving average price of $68.84 and a two-hundred day moving average price of $68.56. Berry Global Group, Inc. has a 12 month low of $57.52 and a 12 month high of $74.24. The company has a debt-to-equity ratio of 3.35, a quick ratio of 1.09 and a current ratio of 1.61. The firm has a market capitalization of $7.84 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14.

Berry Global Group (NYSE:BERY - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.52 by $0.03. Berry Global Group had a net margin of 3.99% and a return on equity of 28.26%. The firm had revenue of $2.52 billion during the quarter, compared to analysts' expectations of $2.60 billion. During the same period in the prior year, the company posted $1.95 earnings per share. The company's revenue for the quarter was up .0% compared to the same quarter last year. On average, research analysts forecast that Berry Global Group, Inc. will post 6.25 EPS for the current year.

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.