Berry Global Group, Inc. (NYSE:BERY) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. trimmed its holdings in Berry Global Group, Inc. (NYSE:BERY) by 1.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 114,312 shares of the industrial products company’s stock after selling 1,173 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Berry Global Group were worth $7,980,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in BERY. CIBC Asset Management Inc raised its position in shares of Berry Global Group by 5.1% in 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. Truist Financial Corp raised its position in shares of Berry Global Group by 21.6% in the 4th quarter. Truist Financial Corp now owns 4,593 shares of the industrial products company’s stock valued at $297,000 after purchasing an additional 815 shares in the last quarter. Venturi Wealth Management LLC raised its position in shares of Berry Global Group by 463.5% during the 4th quarter. Venturi Wealth Management LLC now owns 1,065 shares of the industrial products company’s stock valued at $69,000 after acquiring an additional 876 shares in the last quarter. Ieq Capital LLC acquired a new stake in shares of Berry Global Group during the 4th quarter valued at approximately $208,000. Finally, Handelsbanken Fonder AB raised its position in shares of Berry Global Group by 5.3% during the 4th quarter. Handelsbanken Fonder AB now owns 30,060 shares of the industrial products company’s stock valued at $1,944,000 after acquiring an additional 1,500 shares in the last quarter. 95.36% of the stock is owned by institutional investors and hedge funds.

Berry Global Group Stock Performance

BERY stock opened at $67.69 on Tuesday. Berry Global Group, Inc. has a 12-month low of $57.80 and a 12-month high of $74.24. The company has a current ratio of 1.61, a quick ratio of 1.09 and a debt-to-equity ratio of 3.35. The stock’s 50 day simple moving average is $67.80 and its 200 day simple moving average is $68.16. The firm has a market cap of $7.84 billion, a P/E ratio of 16.88, a P/E/G ratio of 1.54 and a beta of 1.14.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Wall Street Zen assumed coverage on Berry Global Group in a research report on Tuesday, May 20th. They set a “buy” rating on the stock. Truist Financial dropped their price target on 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. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $74.29.

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.