ING Groep NV Buys Shares of 80,100 Berry Global Group, Inc. (NYSE:BERY)

ING Groep NV bought a new stake in shares of Berry Global Group, Inc. (NYSE:BERY) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 80,100 shares of the industrial products company’s stock, valued at approximately $5,180,000. ING Groep NV owned about 0.07% of Berry Global Group at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. UMB Bank n.a. lifted its position in 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 valued at $42,000 after purchasing an additional 306 shares during the last quarter. Venturi Wealth Management LLC lifted its position in Berry Global Group by 463.5% during the fourth quarter. Venturi Wealth Management LLC now owns 1,065 shares of the industrial products company’s stock valued at $69,000 after purchasing an additional 876 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in Berry Global Group during the third quarter valued at approximately $75,000. SG Americas Securities LLC bought a new stake in Berry Global Group during the third quarter valued at approximately $152,000. Finally, Merit Financial Group LLC purchased a new position in shares of Berry Global Group during the fourth quarter worth approximately $200,000. 95.36% of the stock is currently owned by institutional investors.

Berry Global Group Stock Down 1.4 %

Shares of NYSE BERY opened at $71.68 on Friday. 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, Inc. has a 12 month low of $55.24 and a 12 month high of $73.31. The firm has a market capitalization of $8.30 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 1.54 and a beta of 1.15. The firm has a fifty day simple moving average of $67.59 and a two-hundred day simple moving average of $67.72.

Berry Global Group (NYSE:BERY) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.09 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 business had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same period in the prior year, the business earned $1.22 EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. Equities analysts expect that Berry Global Group, Inc. will post 6.25 earnings per share for the current year.

Berry Global Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $0.31 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.24 annualized dividend and a yield of 1.73%. Berry Global Group’s dividend payout ratio (DPR) is presently 30.92%.

Analyst Upgrades and Downgrades

BERY has been the topic of several research reports. Barclays lifted their price target on shares of Berry Global Group from $64.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Citigroup reissued a “neutral” rating and set a $76.00 price target on shares of Berry Global Group in a research note on Monday, November 25th. UBS Group lifted their price target on shares of Berry Global Group from $72.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Truist Financial lifted their price target on shares of Berry Global Group from $74.00 to $76.00 and gave the stock a “hold” rating in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and set a $76.00 price target (up from $70.00) on shares of Berry Global Group in a research note on Monday, November 25th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Berry Global Group currently has an average rating of “Hold” and an average price target 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.