Sei Investments Co. Sells 5,109 Shares of Berry Global Group, Inc. (NYSE:BERY)

Sei Investments Co. decreased its holdings in Berry Global Group, Inc. (NYSE:BERY) by 2.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 227,055 shares of the industrial products company’s stock after selling 5,109 shares during the quarter. Sei Investments Co.’s holdings in Berry Global Group were worth $14,684,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in BERY. Greenleaf Trust lifted its holdings in shares of Berry Global Group by 3.5% in the fourth quarter. Greenleaf Trust now owns 4,408 shares of the industrial products company’s stock valued at $285,000 after purchasing an additional 149 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in Berry Global Group by 5.1% during the 4th quarter. CIBC Asset Management Inc now owns 3,534 shares of the industrial products company’s stock worth $229,000 after acquiring an additional 170 shares during the last quarter. M&T Bank Corp grew its stake in shares of Berry Global Group by 3.1% in the 3rd quarter. M&T Bank Corp now owns 5,832 shares of the industrial products company’s stock worth $396,000 after acquiring an additional 173 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Berry Global Group by 2.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 10,033 shares of the industrial products company’s stock valued at $649,000 after purchasing an additional 241 shares during the last quarter. Finally, UMB Bank n.a. lifted its position 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 in the last quarter. Institutional investors and hedge funds own 95.36% of the company’s stock.

Berry Global Group Stock Performance

Shares of BERY opened at $69.46 on Friday. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.61 and a quick ratio of 1.09. The firm has a market cap of $8.04 billion, a PE ratio of 17.32, a PEG ratio of 1.54 and a beta of 1.13. Berry Global Group, Inc. has a 1 year low of $55.24 and a 1 year high of $74.24. The stock’s fifty day moving average price is $70.20 and its two-hundred day moving average price is $68.60.

Berry Global Group (NYSE:BERY) last released its quarterly earnings data 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 business had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.35 billion. Berry Global Group had a net margin of 3.99% and a return on equity of 28.26%. The company’s revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.22 earnings per share. On average, equities 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 disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.31 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.24 dividend on an annualized basis and a yield of 1.79%. Berry Global Group’s dividend payout ratio is 30.92%.

Analysts Set New Price Targets

BERY has been the subject of several analyst reports. UBS Group increased their price objective on shares of Berry Global Group from $72.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. StockNews.com began coverage on Berry Global Group in a report on Tuesday. They set a “buy” rating on the stock. Finally, Truist Financial upped their price objective on Berry Global Group from $74.00 to $76.00 and gave the company a “hold” rating in a research note on Monday, February 10th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Berry Global Group currently has an average rating of “Hold” and an average target price of $74.56.

Berry Global Group 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.