Boussard & Gavaudan Investment Management LLP Invests $3.54 Million in Berry Global Group, Inc. (NYSE:BERY)

Boussard & Gavaudan Investment Management LLP purchased a new stake in Berry Global Group, Inc. (NYSE:BERY) during the 4th quarter, HoldingsChannel reports. The fund purchased 55,200 shares of the industrial products company’s stock, valued at approximately $3,544,000.

A number of other large investors have also recently bought and sold shares of the stock. Greenleaf Trust increased its holdings in shares of Berry Global Group by 3.5% during the fourth quarter. Greenleaf Trust now owns 4,408 shares of the industrial products company’s stock worth $285,000 after buying an additional 149 shares in the last quarter. CIBC Asset Management Inc increased 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 valued at $229,000 after purchasing an additional 170 shares in the last quarter. M&T Bank Corp raised its position in 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 valued at $396,000 after purchasing an additional 173 shares during the last quarter. Commonwealth Equity Services LLC raised its position in Berry Global Group by 2.5% in the 4th 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. grew its holdings 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 worth $42,000 after purchasing an additional 306 shares during the last quarter. 95.36% of the stock is currently owned by institutional investors.

Berry Global Group Stock Up 1.2 %

Shares of NYSE BERY opened at $70.03 on Friday. Berry Global Group, Inc. has a 52-week low of $55.24 and a 52-week 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 stock has a market cap 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. The firm has a 50 day moving average price of $70.17 and a 200 day moving average price of $68.57.

Berry Global Group (NYSE:BERY) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.09. The company had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.35 billion. Berry Global Group had a net margin of 3.99% and a return on equity of 28.26%. The firm’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.22 EPS. Analysts expect that Berry Global Group, Inc. will post 6.25 EPS for the current year.

Berry Global Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend was Monday, March 3rd. Berry Global Group’s dividend payout ratio is currently 30.92%.

Wall Street Analysts Forecast Growth

BERY has been the subject of a number of research analyst reports. UBS Group lifted their price target on Berry Global Group from $72.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Truist Financial boosted their target price on shares of Berry Global Group from $74.00 to $76.00 and gave the stock a “hold” rating in a research note on Monday, February 10th. Finally, StockNews.com initiated coverage on shares of Berry Global Group in a research note on Tuesday. They set a “buy” rating on the stock. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.