Berry Global Group, Inc. (NYSE:BERY) Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC lessened its holdings in shares of Berry Global Group, Inc. (NYSE:BERY) by 99.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,467 shares of the industrial products company’s stock after selling 729,880 shares during the period. William Blair Investment Management LLC’s holdings in Berry Global Group were worth $418,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BERY. Victory Capital Management Inc. raised its stake in Berry Global Group by 36.3% in the third quarter. Victory Capital Management Inc. now owns 95,281 shares of the industrial products company’s stock valued at $6,477,000 after buying an additional 25,382 shares during the last quarter. CIBC Asset Management Inc acquired a new position in shares of Berry Global Group during the third quarter valued at about $229,000. Quest Partners LLC raised its position in shares of Berry Global Group by 1,478.0% in the 3rd quarter. Quest Partners LLC now owns 8,663 shares of the industrial products company’s stock valued at $589,000 after purchasing an additional 8,114 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Berry Global Group in the 3rd quarter worth approximately $374,000. Finally, EverSource Wealth Advisors LLC grew its position in Berry Global Group by 2.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 28,927 shares of the industrial products company’s stock worth $1,966,000 after purchasing an additional 666 shares during the last quarter. Hedge funds and other institutional investors own 95.36% of the company’s stock.

Berry Global Group Stock Performance

NYSE:BERY opened at $70.65 on Thursday. The company has a market cap of $8.18 billion, a P/E ratio of 17.62, a P/E/G ratio of 1.54 and a beta of 1.13. Berry Global Group, Inc. has a twelve month low of $55.24 and a twelve month high of $74.24. The company’s 50-day moving average price is $69.85 and its 200-day moving average price is $68.53. 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 (NYSE:BERY) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.09. Berry Global Group had a return on equity of 28.26% and a net margin of 3.99%. The business had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same period in the previous year, the firm posted $1.22 EPS. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, sell-side analysts forecast that Berry Global Group, Inc. will post 6.25 earnings per share for the current fiscal year.

Berry Global Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.31 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.24 annualized dividend and a dividend yield of 1.76%. Berry Global Group’s dividend payout ratio is presently 30.92%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on BERY shares. Barclays raised 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 report on Wednesday, November 27th. Citigroup reaffirmed a “neutral” rating and set a $76.00 price target on shares of Berry Global Group in a research report on Monday, November 25th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $76.00 price target (up previously from $70.00) on shares of Berry Global Group in a research note on Monday, November 25th. UBS Group raised their price objective on Berry Global Group from $72.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Finally, StockNews.com began coverage on Berry Global Group in a research report on Monday. They issued a “buy” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Berry Global Group has an average rating of “Hold” and a consensus 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.