Atria Investments Inc Grows Position in Berry Global Group, Inc. (NYSE:BERY)

Atria Investments Inc grew its stake in shares of Berry Global Group, Inc. (NYSE:BERY) by 5.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 44,761 shares of the industrial products company’s stock after buying an additional 2,249 shares during the quarter. Atria Investments Inc’s holdings in Berry Global Group were worth $2,895,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in BERY. UMB Bank n.a. boosted its stake 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 valued at $42,000 after purchasing an additional 306 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in shares of Berry Global Group by 3,569.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 844 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 821 shares during the period. Venturi Wealth Management LLC boosted its stake in shares of 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 period. Capital Performance Advisors LLP purchased a new stake in shares of Berry Global Group during the third quarter valued at approximately $75,000. Finally, Merit Financial Group LLC purchased a new stake in shares of Berry Global Group during the fourth quarter valued at approximately $200,000. Hedge funds and other institutional investors own 95.36% of the company’s stock.

Wall Street Analysts Forecast Growth

BERY has been the subject of a number of analyst reports. Barclays upped their target price on Berry Global Group from $64.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Truist Financial upped their target price on Berry Global Group from $74.00 to $76.00 and gave the company a “hold” rating in a report on Monday, February 10th. JPMorgan Chase & Co. restated an “overweight” rating and set a $76.00 target price (up previously from $70.00) on shares of Berry Global Group in a report on Monday, November 25th. Royal Bank of Canada upped their target price on Berry Global Group from $69.00 to $73.00 and gave the company a “sector perform” rating in a report on Thursday, November 21st. Finally, UBS Group upped their target price on Berry Global Group from $72.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $74.56.

Berry Global Group Price Performance

BERY opened at $73.11 on Friday. The stock has a fifty day simple moving average of $68.91 and a two-hundred day simple moving average of $68.30. The company has a current ratio of 1.61, a quick ratio of 1.09 and a debt-to-equity ratio of 3.35. The company has a market cap of $8.47 billion, a price-to-earnings ratio of 18.23, a price-to-earnings-growth ratio of 1.54 and a beta of 1.13. Berry Global Group, Inc. has a 12-month low of $55.24 and a 12-month high of $73.75.

Berry Global Group (NYSE:BERY) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. The business 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 firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.22 earnings per share. Research analysts predict that Berry Global Group, Inc. will post 6.25 earnings per share for the current fiscal year.

Berry Global Group Dividend Announcement

The company 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 is Monday, March 3rd. This represents a $1.24 dividend on an annualized basis and a yield of 1.70%. Berry Global Group’s dividend payout ratio (DPR) is 30.92%.

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.