Skandinaviska Enskilda Banken AB publ Purchases Shares of 22,500 Berry Global Group, Inc. (NYSE:BERY)

Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Berry Global Group, Inc. (NYSE:BERY) during the fourth quarter, Holdings Channel.com reports. The fund purchased 22,500 shares of the industrial products company’s stock, valued at approximately $1,444,000.

Other large investors have also modified their holdings of the company. Victory Capital Management Inc. boosted its stake in Berry Global Group by 36.3% in the 3rd quarter. Victory Capital Management Inc. now owns 95,281 shares of the industrial products company’s stock worth $6,477,000 after purchasing an additional 25,382 shares in the last quarter. CIBC Asset Management Inc acquired a new position in Berry Global Group during the 3rd quarter valued at approximately $229,000. Quest Partners LLC raised its holdings in shares of Berry Global Group by 1,478.0% in the third quarter. Quest Partners LLC now owns 8,663 shares of the industrial products company’s stock worth $589,000 after buying an additional 8,114 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co acquired a new stake in shares of Berry Global Group during the third quarter worth $206,000. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Berry Global Group during the third quarter valued at $374,000. Hedge funds and other institutional investors own 95.36% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. UBS Group raised their target price 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. 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 report on Monday, November 25th. Truist Financial lifted their target price on Berry Global Group from $74.00 to $76.00 and gave the stock a “hold” rating in a report on Monday, February 10th. Royal Bank of Canada increased their price target on shares of Berry Global Group from $69.00 to $73.00 and gave the stock a “sector perform” rating in a report on Thursday, November 21st. Finally, Citigroup reissued a “neutral” rating and set a $76.00 price target on shares of Berry Global Group in a research report on Monday, November 25th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $74.56.

Berry Global Group Stock Up 0.6 %

BERY stock opened at $70.56 on Tuesday. Berry Global Group, Inc. has a one year low of $55.24 and a one year high of $74.24. 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 firm’s fifty day moving average is $69.66 and its 200 day moving average is $68.50. The firm has a market cap of $8.17 billion, a PE ratio of 17.59, a P/E/G ratio of 1.54 and a beta of 1.13.

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 analysts’ consensus estimates of $1.00 by $0.09. The firm had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.35 billion. Berry Global Group had a return on equity of 28.26% and a net margin of 3.99%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the firm earned $1.22 EPS. On average, research analysts forecast that Berry Global Group, Inc. will post 6.25 EPS for the current year.

Berry Global Group Dividend Announcement

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