Leeward Investments LLC MA Reduces Stock Holdings in Berry Global Group, Inc. (NYSE:BERY)

Leeward Investments LLC MA decreased its stake in Berry Global Group, Inc. (NYSE:BERY) by 2.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 165,641 shares of the industrial products company’s stock after selling 4,472 shares during the period. Leeward Investments LLC MA’s holdings in Berry Global Group were worth $11,163,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Coombe Bender & Co LLC boosted its holdings in shares of Berry Global Group by 3.3% in the 3rd quarter. Coombe Bender & Co LLC now owns 6,225 shares of the industrial products company’s stock worth $385,000 after purchasing an additional 196 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Berry Global Group by 0.3% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 78,197 shares of the industrial products company’s stock worth $4,841,000 after purchasing an additional 222 shares during the period. First Horizon Advisors Inc. boosted its holdings in shares of Berry Global Group by 69.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 546 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 224 shares during the period. Blue Trust Inc. lifted its stake in shares of Berry Global Group by 203.7% during the 4th quarter. Blue Trust Inc. now owns 650 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 436 shares during the last quarter. Finally, Meritage Portfolio Management lifted its stake in shares of Berry Global Group by 5.5% during the 3rd quarter. Meritage Portfolio Management now owns 8,668 shares of the industrial products company’s stock worth $537,000 after acquiring an additional 449 shares during the last quarter. Hedge funds and other institutional investors own 95.36% of the company’s stock.

Insider Transactions at Berry Global Group

In related news, Director Jonathan F. Foster purchased 1,000 shares of Berry Global Group stock in a transaction dated Monday, February 12th. The stock was purchased at an average cost of $58.49 per share, with a total value of $58,490.00. Following the transaction, the director now owns 5,728 shares in the company, valued at approximately $335,030.72. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. In other Berry Global Group news, Director Peter T. Thomas bought 2,000 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were purchased at an average cost of $56.00 per share, for a total transaction of $112,000.00. Following the purchase, the director now directly owns 2,000 shares in the company, valued at $112,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan F. Foster bought 1,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were acquired at an average price of $58.49 per share, for a total transaction of $58,490.00. Following the completion of the purchase, the director now owns 5,728 shares in the company, valued at $335,030.72. The disclosure for this purchase can be found here. Corporate insiders own 4.00% of the company’s stock.

Berry Global Group Stock Up 0.8 %

NYSE BERY traded up $0.48 on Friday, reaching $57.03. 355,756 shares of the stock traded hands, compared to its average volume of 1,131,972. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.95 and a current ratio of 1.67. The company has a fifty day moving average price of $58.76 and a 200-day moving average price of $61.38. The company has a market cap of $6.61 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 0.77 and a beta of 1.25. Berry Global Group, Inc. has a 12 month low of $53.83 and a 12 month high of $69.93.

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

Berry Global Group Announces Dividend

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

Analysts Set New Price Targets

BERY has been the subject of a number of research analyst reports. Truist Financial reissued a “hold” rating and set a $68.00 price target (down from $75.00) on shares of Berry Global Group in a research note on Wednesday, March 27th. UBS Group raised their price target on Berry Global Group from $76.00 to $89.00 and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Wolfe Research initiated coverage on Berry Global Group in a research note on Friday, March 1st. They set a “peer perform” rating for the company. TheStreet lowered Berry Global Group from a “b-” rating to a “c+” rating in a research note on Monday, February 26th. Finally, Barclays decreased their price target on Berry Global Group from $67.00 to $64.00 and set an “equal weight” rating for the company in a research note on Monday, February 12th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Berry Global Group currently has a consensus rating of “Hold” and a consensus target price of $72.00.

Berry Global Group Company 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.