Coyle Financial Counsel LLC Has $1.43 Million Holdings in Berry Global Group, Inc. (NYSE:BERY)

Coyle Financial Counsel LLC cut its stake in shares of Berry Global Group, Inc. (NYSE:BERY) by 17.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,113 shares of the industrial products company’s stock after selling 4,565 shares during the period. Coyle Financial Counsel LLC’s holdings in Berry Global Group were worth $1,430,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of BERY. Greenleaf Trust increased its holdings in shares of Berry Global Group by 3.5% during the fourth quarter. Greenleaf Trust now owns 4,408 shares of the industrial products company’s stock worth $285,000 after purchasing an additional 149 shares during the period. CIBC Asset Management Inc increased its holdings in shares of Berry Global Group by 5.1% during the fourth quarter. CIBC Asset Management Inc now owns 3,534 shares of the industrial products company’s stock worth $229,000 after purchasing an additional 170 shares during the period. M&T Bank Corp increased its holdings in shares of Berry Global Group by 3.1% during the third quarter. M&T Bank Corp now owns 5,832 shares of the industrial products company’s stock worth $396,000 after purchasing an additional 173 shares during the period. Creative Planning increased its holdings in shares of Berry Global Group by 3.0% during the third quarter. Creative Planning now owns 6,827 shares of the industrial products company’s stock worth $464,000 after purchasing an additional 198 shares during the period. Finally, 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 worth $42,000 after purchasing an additional 306 shares during the period. 95.36% of the stock is currently owned by institutional investors and hedge funds.

Berry Global Group Stock Up 0.5 %

Shares of NYSE:BERY opened at $72.02 on Tuesday. Berry Global Group, Inc. has a 52-week low of $55.24 and a 52-week high of $73.31. The company has a fifty day moving average of $67.67 and a 200-day moving average of $67.85. The company has a debt-to-equity ratio of 3.35, a quick ratio of 1.09 and a current ratio of 1.61. The company has a market capitalization of $8.34 billion, a PE ratio of 17.96, a price-to-earnings-growth ratio of 1.54 and a beta of 1.15.

Berry Global Group (NYSE:BERY) last posted its earnings results on Tuesday, February 4th. The industrial products company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.00 by $0.09. The firm had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.35 billion. Berry Global Group had a return on equity of 28.26% and a net margin of 3.99%. The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the company earned $1.22 earnings per share. On average, equities analysts predict that Berry Global Group, Inc. will post 6.25 EPS for the current fiscal year.

Berry Global Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $0.31 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.24 annualized dividend and a yield of 1.72%. Berry Global Group’s dividend payout ratio is presently 30.92%.

Analyst Ratings Changes

BERY has been the topic of several recent research reports. UBS Group raised their target price on shares of Berry Global Group from $72.00 to $73.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Truist Financial lifted 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. Barclays lifted their price objective on shares of Berry Global Group from $64.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Royal Bank of Canada lifted their price objective on shares of Berry Global Group from $69.00 to $73.00 and gave the company a “sector perform” rating in a research note on Thursday, November 21st. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and issued a $76.00 price objective (up from $70.00) on shares of Berry Global Group in a research note on Monday, November 25th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Berry Global Group presently has an average rating of “Hold” and an average target price of $74.56.

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.