Leeward Investments LLC MA Sells 4,472 Shares of Berry Global Group, Inc. (NYSE:BERY)

Leeward Investments LLC MA reduced its position in Berry Global Group, Inc. (NYSE:BERY) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 165,641 shares of the industrial products company’s stock after selling 4,472 shares during the period. Leeward Investments LLC MA owned approximately 0.14% of Berry Global Group worth $11,163,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Coombe Bender & Co LLC raised its position in Berry Global Group by 3.3% in the 3rd quarter. Coombe Bender & Co LLC now owns 6,225 shares of the industrial products company’s stock valued at $385,000 after buying an additional 196 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Berry Global Group by 0.3% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 78,197 shares of the industrial products company’s stock valued at $4,841,000 after buying an additional 222 shares during the last quarter. First Horizon Advisors Inc. raised its position in Berry Global Group by 69.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 546 shares of the industrial products company’s stock valued at $34,000 after buying an additional 224 shares during the last quarter. Blue Trust Inc. raised its position in Berry Global Group by 203.7% in the 4th quarter. Blue Trust Inc. now owns 650 shares of the industrial products company’s stock valued at $40,000 after buying an additional 436 shares during the last quarter. Finally, Meritage Portfolio Management raised its position in Berry Global Group by 5.5% in the 3rd quarter. Meritage Portfolio Management now owns 8,668 shares of the industrial products company’s stock valued at $537,000 after buying an additional 449 shares during the last quarter. 95.36% of the stock is currently owned by institutional investors.

Berry Global Group Price Performance

BERY stock traded up $0.48 during mid-day trading on Friday, reaching $57.03. 355,756 shares of the company traded hands, compared to its average volume of 1,131,972. The company has a debt-to-equity ratio of 2.62, a current ratio of 1.67 and a quick ratio of 0.95. The company has a market capitalization of $6.61 billion, a P/E ratio of 12.26, a P/E/G ratio of 0.77 and a beta of 1.25. Berry Global Group, Inc. has a 52-week low of $53.83 and a 52-week high of $69.93. The company has a fifty day moving average price of $58.76 and a 200-day moving average price of $61.38.

Berry Global Group (NYSE:BERY) last posted its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.07). The company had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Berry Global Group had a net margin of 4.51% and a return on equity of 26.79%. The firm’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.30 EPS. As a group, analysts anticipate that Berry Global Group, Inc. will post 7.38 earnings per share for the current year.

Berry Global Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $0.275 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.10 dividend on an annualized basis and a yield of 1.93%. Berry Global Group’s payout ratio is 23.66%.

Insider Buying and Selling

In other news, Director Jonathan F. Foster bought 1,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was bought at an average price of $58.49 per share, for a total transaction of $58,490.00. Following the transaction, the director now directly owns 5,728 shares of the company’s stock, valued at approximately $335,030.72. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Jonathan F. Foster acquired 1,000 shares of the stock in a transaction on Monday, February 12th. The stock was purchased at an average price of $58.49 per share, for a total transaction of $58,490.00. Following the completion of the transaction, the director now owns 5,728 shares of the company’s stock, valued at approximately $335,030.72. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Peter T. Thomas acquired 2,000 shares of the stock in a transaction on Thursday, February 8th. The stock was bought at an average price of $56.00 per share, with a total value of $112,000.00. Following the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $112,000. The disclosure for this purchase can be found here. 4.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on BERY shares. Truist Financial reissued a “hold” rating and issued a $68.00 price target (down from $75.00) on shares of Berry Global Group in a research report on Wednesday, March 27th. UBS Group lifted their target price on Berry Global Group from $76.00 to $89.00 and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Mizuho lowered their target price on Berry Global Group from $74.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, February 8th. Barclays lowered their target price on Berry Global Group from $67.00 to $64.00 and set an “equal weight” rating on the stock in a research note on Monday, February 12th. Finally, Wolfe Research initiated coverage on Berry Global Group in a research note on Friday, March 1st. They set a “peer perform” rating on the stock. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $72.00.

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.