11,416 Shares in Berry Global Group, Inc. (NYSE:BERY) Purchased by Duality Advisers LP

Duality Advisers LP purchased a new position in Berry Global Group, Inc. (NYSE:BERY) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 11,416 shares of the industrial products company’s stock, valued at approximately $769,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Louisiana State Employees Retirement System bought a new stake in Berry Global Group in the 4th quarter valued at about $2,237,000. Teachers Retirement System of The State of Kentucky raised its stake in Berry Global Group by 96.0% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 40,174 shares of the industrial products company’s stock valued at $2,488,000 after acquiring an additional 19,674 shares during the period. AQR Capital Management LLC raised its stake in Berry Global Group by 2.3% in the 3rd quarter. AQR Capital Management LLC now owns 1,005,173 shares of the industrial products company’s stock valued at $62,230,000 after acquiring an additional 22,137 shares during the period. Canada Pension Plan Investment Board raised its stake in Berry Global Group by 67.0% in the 3rd quarter. Canada Pension Plan Investment Board now owns 97,700 shares of the industrial products company’s stock valued at $6,049,000 after acquiring an additional 39,200 shares during the period. Finally, Invesco Ltd. raised its stake in Berry Global Group by 60.1% in the 3rd quarter. Invesco Ltd. now owns 621,408 shares of the industrial products company’s stock valued at $38,471,000 after acquiring an additional 233,368 shares during the period. 95.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BERY. Mizuho lowered their price objective on Berry Global Group from $74.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, February 8th. Wolfe Research started coverage on shares of Berry Global Group in a report on Friday, March 1st. They issued a “peer perform” rating on the stock. UBS Group increased their price target on shares of Berry Global Group from $76.00 to $89.00 and gave the stock a “buy” rating in a report on Tuesday, January 16th. StockNews.com downgraded shares of Berry Global Group from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. Finally, Barclays lowered their price target on shares of Berry Global Group from $67.00 to $64.00 and set an “equal weight” rating on the stock in a report on Monday, February 12th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $72.00.

Insider Buying and Selling at Berry Global Group

In other news, Director Peter T. Thomas bought 2,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were purchased at an average price of $56.00 per share, for a total transaction of $112,000.00. Following the completion of the acquisition, the director now owns 2,000 shares of the company’s stock, valued at $112,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Jonathan F. Foster bought 1,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were purchased at an average price of $58.49 per share, for a total transaction of $58,490.00. Following the completion of the acquisition, the director now owns 5,728 shares of the company’s stock, valued at $335,030.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Peter T. Thomas bought 2,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was purchased at an average price of $56.00 per share, for a total transaction of $112,000.00. Following the acquisition, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $112,000. The disclosure for this purchase can be found here. Company insiders own 4.00% of the company’s stock.

Berry Global Group Trading Up 1.0 %

Shares of BERY opened at $56.91 on Thursday. The firm’s 50 day simple moving average is $58.83 and its 200 day simple moving average is $61.45. The company has a market capitalization of $6.60 billion, a P/E ratio of 12.24, a P/E/G ratio of 0.77 and a beta of 1.25. The company has a debt-to-equity ratio of 2.62, a current ratio of 1.67 and a quick ratio of 0.95. Berry Global Group, Inc. has a 1-year low of $53.83 and a 1-year high of $69.93.

Berry Global Group (NYSE:BERY) last issued its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.07). Berry Global Group had a net margin of 4.51% and a return on equity of 26.79%. The business had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the previous year, the business earned $1.30 earnings per share. The firm’s revenue was down 6.8% on a year-over-year basis. Sell-side analysts forecast that Berry Global Group, Inc. will post 7.38 earnings per share for the current fiscal year.

Berry Global Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend was Thursday, February 29th. Berry Global Group’s payout ratio is currently 23.66%.

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.