Integrated Quantitative Investments LLC Takes $343,000 Position in Berry Global Group, Inc. (NYSE:BERY)

Integrated Quantitative Investments LLC acquired a new position in shares of Berry Global Group, Inc. (NYSE:BERY) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,300 shares of the industrial products company’s stock, valued at approximately $343,000.

A number of other large investors have also recently made changes to their positions in BERY. Geode Capital Management LLC grew its holdings 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 worth $134,806,000 after acquiring an additional 27,437 shares in the last quarter. Sound Income Strategies LLC lifted its position in shares of Berry Global Group by 13.4% during 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 during the last quarter. Barclays PLC grew its stake 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 worth $6,931,000 after purchasing an additional 47,476 shares in the last quarter. SG Americas Securities LLC increased its holdings in Berry Global Group by 333.1% in the fourth quarter. SG Americas Securities LLC now owns 9,697 shares of the industrial products company’s stock valued at $627,000 after buying an additional 7,458 shares during the last quarter. Finally, Tidal Investments LLC increased its holdings in Berry Global Group by 71.0% in the third quarter. Tidal Investments LLC now owns 31,325 shares of the industrial products company’s stock valued at $2,129,000 after buying an additional 13,004 shares during the last quarter. 95.36% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BERY has been the subject of several analyst reports. StockNews.com started coverage on Berry Global Group in a research report on Wednesday. They set a “buy” rating for the company. 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. Finally, Truist Financial increased their price target 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. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $74.56.

Berry Global Group Price Performance

BERY stock opened at $66.34 on Friday. The business has a 50 day simple moving average of $70.31 and a 200-day simple moving average of $68.71. The company has a market capitalization of $7.68 billion, a P/E ratio of 16.54, a PEG ratio of 1.54 and a beta of 1.13. Berry Global Group, Inc. has a twelve month low of $55.24 and a twelve month high of $74.24. The company has a current ratio of 1.61, a quick ratio of 1.09 and a debt-to-equity ratio of 3.35.

Berry Global Group (NYSE:BERY) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share (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 company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same period last year, the firm posted $1.22 EPS. Berry Global Group’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, equities analysts anticipate that Berry Global Group, Inc. will post 6.25 EPS for the current year.

Berry Global Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.31 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.24 dividend on an annualized basis and a yield of 1.87%. Berry Global Group’s payout ratio is 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.