Thompson Investment Management Inc. Sells 1,136 Shares of Berry Global Group, Inc. (NYSE:BERY)

Thompson Investment Management Inc. trimmed its holdings in Berry Global Group, Inc. (NYSE:BERY) by 1.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,184 shares of the industrial products company’s stock after selling 1,136 shares during the quarter. Thompson Investment Management Inc. owned about 0.10% of Berry Global Group worth $7,255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. EdgePoint Investment Group Inc. increased its stake in shares of Berry Global Group by 2.2% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 15,279,107 shares of the industrial products company’s stock worth $1,038,674,000 after acquiring an additional 336,186 shares in the last quarter. State Street Corp grew its position in Berry Global Group by 10.4% during the 3rd quarter. State Street Corp now owns 3,831,824 shares of the industrial products company’s stock valued at $260,487,000 after purchasing an additional 360,857 shares during the last quarter. FMR LLC grew its position in Berry Global Group by 38.4% during the 3rd quarter. FMR LLC now owns 3,807,317 shares of the industrial products company’s stock valued at $258,821,000 after purchasing an additional 1,055,756 shares during the last quarter. Geode Capital Management LLC grew its position in Berry Global Group by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,982,517 shares of the industrial products company’s stock valued at $134,806,000 after purchasing an additional 27,437 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Berry Global Group by 2.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 835,915 shares of the industrial products company’s stock valued at $56,826,000 after purchasing an additional 18,736 shares during the last quarter. 95.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on BERY shares. Citigroup reaffirmed a “neutral” rating and set a $76.00 price target on shares of Berry Global Group in a report on Monday, November 25th. StockNews.com started coverage on shares of Berry Global Group in a report on Wednesday. They set a “buy” rating on the stock. Royal Bank of Canada raised their price target on shares of Berry Global Group from $69.00 to $73.00 and gave the company a “sector perform” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $76.00 price target (up previously from $70.00) on shares of Berry Global Group in a report on Monday, November 25th. Finally, UBS Group raised their price objective on shares of Berry Global Group from $72.00 to $73.00 and gave the stock a “neutral” rating in a report on Friday. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Berry Global Group currently has a consensus rating of “Hold” and an average target price of $74.33.

Berry Global Group Trading Down 0.1 %

Shares of BERY opened at $69.94 on Friday. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.80 and a current ratio of 1.61. The company’s fifty day moving average is $67.38 and its 200 day moving average is $67.27. The stock has a market capitalization of $8.10 billion, a PE ratio of 17.44, a P/E/G ratio of 1.50 and a beta of 1.15. Berry Global Group, Inc. has a fifty-two week low of $55.01 and a fifty-two week high of $73.31.

Berry Global Group (NYSE:BERY) last posted 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. The company had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.35 billion. Berry Global Group had a net margin of 3.99% and a return on equity of 28.26%. Berry Global Group’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.22 earnings per share. Sell-side analysts expect that Berry Global Group, Inc. will post 6.3 earnings per share for the current fiscal year.

Berry Global Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend is Monday, March 3rd. Berry Global Group’s dividend payout ratio is currently 30.92%.

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.