Boussard & Gavaudan Investment Management LLP Invests $3.54 Million in Berry Global Group, Inc. (NYSE:BERY)

Boussard & Gavaudan Investment Management LLP acquired a new stake in Berry Global Group, Inc. (NYSE:BERY) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 55,200 shares of the industrial products company’s stock, valued at approximately $3,544,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. increased 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 purchasing an additional 306 shares during the period. Steward Partners Investment Advisory LLC raised its position in shares of Berry Global Group by 3,569.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 844 shares of the industrial products company’s stock worth $55,000 after buying an additional 821 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in shares of Berry Global Group by 463.5% in the 4th quarter. Venturi Wealth Management LLC now owns 1,065 shares of the industrial products company’s stock worth $69,000 after acquiring an additional 876 shares during the period. Harvest Fund Management Co. Ltd boosted its stake in Berry Global Group by 25,814.3% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 1,814 shares of the industrial products company’s stock valued at $117,000 after purchasing an additional 1,807 shares in the last quarter. Finally, Townsquare Capital LLC bought a new position in Berry Global Group during the third quarter valued at about $201,000. 95.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on BERY shares. UBS Group upped their target price 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 upped their price objective on shares of Berry Global Group from $74.00 to $76.00 and gave the company a “hold” rating in a research note on Monday, February 10th. Finally, StockNews.com started coverage on shares of Berry Global Group in a research report on Tuesday. They issued a “buy” rating on the stock. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $74.56.

Berry Global Group Stock Performance

NYSE BERY opened at $70.03 on Friday. The company’s fifty day moving average is $70.17 and its two-hundred day moving average is $68.57. Berry Global Group, Inc. has a 52-week low of $55.24 and a 52-week high of $74.24. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.61 and a quick ratio of 1.09. The firm has a market capitalization of $8.11 billion, a price-to-earnings ratio of 17.46, a P/E/G ratio of 1.54 and a beta of 1.13.

Berry Global Group (NYSE:BERY) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.09. Berry Global Group had a return on equity of 28.26% and a net margin of 3.99%. The firm had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same period in the previous year, the company posted $1.22 earnings per share. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. Equities research analysts forecast that Berry Global Group, Inc. will post 6.25 EPS for the current year.

Berry Global Group Announces Dividend

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

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.