Altshuler Shaham Ltd Purchases Shares of 465 Berry Global Group, Inc. (NYSE:BERY)

Altshuler Shaham Ltd acquired a new position in shares of Berry Global Group, Inc. (NYSE:BERY) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 465 shares of the industrial products company’s stock, valued at approximately $27,000.

Several other large investors also recently modified their holdings of BERY. Epoch Investment Partners Inc. bought a new position in shares of Berry Global Group during the 2nd quarter worth approximately $1,033,000. Sei Investments Co. raised its stake in Berry Global Group by 17.6% during the second quarter. Sei Investments Co. now owns 190,114 shares of the industrial products company’s stock worth $11,188,000 after acquiring an additional 28,509 shares in the last quarter. XTX Topco Ltd raised its stake in Berry Global Group by 123.8% during the second quarter. XTX Topco Ltd now owns 10,789 shares of the industrial products company’s stock worth $635,000 after acquiring an additional 5,969 shares in the last quarter. Seven Eight Capital LP boosted its stake in shares of Berry Global Group by 101.7% in the 2nd quarter. Seven Eight Capital LP now owns 19,706 shares of the industrial products company’s stock valued at $1,160,000 after purchasing an additional 9,936 shares in the last quarter. Finally, Hsbc Holdings PLC bought a new stake in shares of Berry Global Group in the 2nd quarter worth about $381,000. 95.36% of the stock is currently owned by institutional investors.

Berry Global Group Price Performance

Shares of BERY stock opened at $66.59 on Monday. The firm’s 50 day moving average price is $65.33 and its two-hundred day moving average price is $61.42. The stock has a market cap of $7.62 billion, a PE ratio of 15.82, a PEG ratio of 1.16 and a beta of 1.15. Berry Global Group, Inc. has a 52-week low of $53.92 and a 52-week high of $69.93. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.08 and a current ratio of 1.82.

Berry Global Group (NYSE:BERY) last posted its quarterly earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.16. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.26 billion. Berry Global Group had a return on equity of 27.32% and a net margin of 4.55%. The firm’s revenue was down 2.1% on a year-over-year basis. During the same period last year, the company earned $1.90 EPS. As a group, analysts forecast that Berry Global Group, Inc. will post 7.6 EPS for the current year.

Berry Global Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were given a $0.275 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.65%. Berry Global Group’s dividend payout ratio is 26.13%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on BERY shares. UBS Group cut their price target on shares of Berry Global Group from $89.00 to $77.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. StockNews.com cut shares of Berry Global Group from a “buy” rating to a “hold” rating in a research note on Friday, September 13th. Finally, Morgan Stanley began coverage on Berry Global Group in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $76.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Berry Global Group presently has a consensus rating of “Hold” and an average target price of $71.82.

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.