MUFG Americas Holdings Corp lifted its stake in shares of Berry Global Group Inc (NYSE:BERY) by 71.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,430 shares of the industrial products company’s stock after acquiring an additional 3,920 shares during the quarter. MUFG Americas Holdings Corp’s holdings in Berry Global Group were worth $553,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Berry Global Group during the 4th quarter worth about $111,000. Cerebellum GP LLC bought a new stake in shares of Berry Global Group during the 4th quarter worth about $123,000. Crossmark Global Holdings Inc. bought a new stake in shares of Berry Global Group during the 4th quarter worth about $207,000. MAI Capital Management bought a new stake in shares of Berry Global Group during the 4th quarter worth about $218,000. Finally, Oakbrook Investments LLC bought a new stake in shares of Berry Global Group during the 3rd quarter worth about $246,000. Institutional investors own 93.43% of the company’s stock.
Shares of Berry Global Group Inc (NYSE BERY) opened at $56.47 on Monday. Berry Global Group Inc has a 52 week low of $47.19 and a 52 week high of $61.71. The firm has a market capitalization of $7,408.86, a P/E ratio of 17.32, a P/E/G ratio of 0.75 and a beta of 0.99. The company has a debt-to-equity ratio of 4.69, a quick ratio of 0.96 and a current ratio of 1.72.
Berry Global Group (NYSE:BERY) last announced its earnings results on Wednesday, February 7th. The industrial products company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. The firm had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.79 billion. Berry Global Group had a return on equity of 47.10% and a net margin of 6.13%. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.50 EPS. equities analysts forecast that Berry Global Group Inc will post 3.78 earnings per share for the current year.
Several research firms have recently issued reports on BERY. Royal Bank of Canada upped their price target on Berry Global Group from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Monday, November 20th. BMO Capital Markets upped their price target on Berry Global Group from $63.00 to $65.00 and gave the stock a “market perform” rating in a research note on Monday, November 20th. SunTrust Banks increased their target price on Berry Global Group to $69.00 and gave the company a “buy” rating in a research note on Tuesday, November 21st. BidaskClub upgraded Berry Global Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 25th. Finally, Zacks Investment Research upgraded Berry Global Group from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a research note on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $68.00.
In other Berry Global Group news, CFO Mark W. Miles sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $58.54, for a total value of $585,400.00. Following the completion of the transaction, the chief financial officer now owns 52,916 shares of the company’s stock, valued at approximately $3,097,702.64. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.00% of the company’s stock.
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Berry Global Group Company Profile
Berry Global Group, Inc, formerly Berry Plastics Group, Inc, is a provider of value-added plastic consumer packaging, non-woven specialty materials and engineered materials. The Company offers products, such as closures, prescription vials, specialty films, adhesives, nonwovens, drink cups, containers and bottles.
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