101,949 Shares in Berry Global Group, Inc. (NYSE:BERY) Bought by CIBRA Capital Ltd

CIBRA Capital Ltd acquired a new position in shares of Berry Global Group, Inc. (NYSE:BERY) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 101,949 shares of the industrial products company’s stock, valued at approximately $6,593,000. Berry Global Group accounts for about 4.5% of CIBRA Capital Ltd’s holdings, making the stock its 7th largest holding. CIBRA Capital Ltd owned 0.09% of Berry Global Group at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BERY. Barclays PLC increased its position in shares of Berry Global Group by 87.1% during the third quarter. Barclays PLC now owns 101,956 shares of the industrial products company’s stock valued at $6,931,000 after purchasing an additional 47,476 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in Berry Global Group by 3,569.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 844 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 821 shares during the period. SG Americas Securities LLC raised its holdings in shares of Berry Global Group by 333.1% in the 4th quarter. SG Americas Securities LLC now owns 9,697 shares of the industrial products company’s stock worth $627,000 after buying an additional 7,458 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake 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 buying an additional 241 shares in the last quarter. Finally, Pictet Asset Management Holding SA lifted its holdings in shares of Berry Global Group by 6.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 15,680 shares of the industrial products company’s stock valued at $1,014,000 after acquiring an additional 933 shares during the period. Institutional investors and hedge funds own 95.36% of the company’s stock.

Berry Global Group Trading Down 2.8%

Shares of NYSE:BERY opened at $67.69 on Wednesday. The company’s fifty day simple moving average is $67.62 and its 200 day simple moving average is $68.42. The firm has a market cap of $7.84 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 1.54 and a beta of 1.14. The company has a quick ratio of 1.09, a current ratio of 1.61 and a debt-to-equity ratio of 3.35. Berry Global Group, Inc. has a 12 month low of $57.52 and a 12 month high of $74.24.

Berry Global Group (NYSE:BERY) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.03. Berry Global Group had a return on equity of 28.26% and a net margin of 3.99%. The business had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.60 billion. During the same period last year, the company earned $1.95 earnings per share. Berry Global Group’s quarterly revenue was up .0% on a year-over-year basis. As a group, research analysts forecast that Berry Global Group, Inc. will post 6.25 EPS for the current fiscal year.

Analyst Ratings Changes

BERY has been the subject of a number of recent analyst reports. Wall Street Zen began coverage on shares of Berry Global Group in a research report on Tuesday, May 20th. They set a “buy” rating for the company. Truist Financial reduced their price target on shares of Berry Global Group from $76.00 to $71.00 and set a “hold” rating on the stock in a research report on Tuesday, April 22nd. Finally, UBS Group raised their price target on shares of Berry Global Group from $72.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $74.29.

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.