Corebridge Financial Inc. Has $8.39 Million Stock Position in Berry Global Group, Inc. (NYSE:BERY)

Corebridge Financial Inc. lessened its holdings in Berry Global Group, Inc. (NYSE:BERY) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 129,673 shares of the industrial products company’s stock after selling 5,846 shares during the period. Corebridge Financial Inc.’s holdings in Berry Global Group were worth $8,386,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. LPL Financial LLC lifted its position in shares of Berry Global Group by 52.5% in the fourth quarter. LPL Financial LLC now owns 37,108 shares of the industrial products company’s stock worth $2,400,000 after buying an additional 12,780 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Berry Global Group in the 4th quarter worth approximately $2,238,000. American Century Companies Inc. boosted its position in Berry Global Group by 69.2% during the fourth quarter. American Century Companies Inc. now owns 41,371 shares of the industrial products company’s stock worth $2,675,000 after purchasing an additional 16,927 shares during the period. Virtu Financial LLC acquired a new position in Berry Global Group during the fourth quarter valued at approximately $1,922,000. Finally, Magnetar Financial LLC bought a new position in shares of Berry Global Group in the fourth quarter valued at approximately $71,882,000. 95.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on BERY shares. Truist Financial upped their price objective on shares of Berry Global Group from $74.00 to $76.00 and gave the stock a “hold” rating in a report on Monday, February 10th. StockNews.com assumed coverage on shares of Berry Global Group in a report on Tuesday. They set a “buy” rating for the company. Finally, UBS Group boosted their price objective on Berry Global Group from $72.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $74.56.

Berry Global Group Stock Up 1.2 %

Shares of BERY opened at $70.03 on Friday. 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 company has a 50-day simple moving average of $70.17 and a 200-day simple moving average of $68.57. Berry Global Group, Inc. has a 52 week low of $55.24 and a 52 week high of $74.24. The firm has a market capitalization of $8.11 billion, a P/E ratio of 17.46, a P/E/G ratio of 1.54 and a beta of 1.13.

Berry Global Group (NYSE:BERY) last posted its quarterly earnings results 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. Berry Global Group had a return on equity of 28.26% and a net margin of 3.99%. The firm had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter in the prior year, the firm posted $1.22 EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, equities research analysts expect that Berry Global Group, Inc. will post 6.25 earnings per share for the current year.

Berry Global Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.31 per share. 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 1.77%. Berry Global Group’s dividend payout ratio is currently 30.92%.

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.