Berry Global Group Inc (BERY) Holdings Decreased by Kiwi Wealth Investments Limited Partnership

Kiwi Wealth Investments Limited Partnership lowered its holdings in Berry Global Group Inc (NYSE:BERY) by 7.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,792 shares of the industrial products company’s stock after selling 1,318 shares during the period. Kiwi Wealth Investments Limited Partnership’s holdings in Berry Global Group were worth $764,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in BERY. Canyon Capital Advisors LLC grew its position in Berry Global Group by 9.6% during the 3rd quarter. Canyon Capital Advisors LLC now owns 8,670,022 shares of the industrial products company’s stock worth $419,542,000 after acquiring an additional 759,742 shares during the last quarter. Pacer Advisors Inc. bought a new position in Berry Global Group during the 3rd quarter worth approximately $924,000. BlueMountain Capital Management LLC grew its position in Berry Global Group by 42.7% during the 3rd quarter. BlueMountain Capital Management LLC now owns 81,765 shares of the industrial products company’s stock worth $3,957,000 after acquiring an additional 24,452 shares during the last quarter. Paloma Partners Management Co bought a new position in Berry Global Group during the 3rd quarter worth approximately $607,000. Finally, Jane Street Group LLC grew its position in Berry Global Group by 130.0% during the 3rd quarter. Jane Street Group LLC now owns 13,148 shares of the industrial products company’s stock worth $636,000 after acquiring an additional 56,993 shares during the last quarter. 95.38% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently issued reports on BERY. ValuEngine upgraded Berry Global Group from a “sell” rating to a “hold” rating in a research report on Friday, November 23rd. TheStreet upgraded Berry Global Group from a “c+” rating to a “b” rating in a research report on Monday, November 19th. Zacks Investment Research upgraded Berry Global Group from a “sell” rating to a “hold” rating in a research report on Monday, November 19th. Citigroup raised their price target on Berry Global Group from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, November 16th. Finally, Cfra reiterated a “buy” rating and issued a $57.00 price objective on shares of Berry Global Group in a research report on Thursday, September 6th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $63.57.

Shares of BERY stock opened at $48.25 on Friday. The company has a market capitalization of $6.33 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 0.76 and a beta of 1.22. Berry Global Group Inc has a fifty-two week low of $40.50 and a fifty-two week high of $61.71. The company has a debt-to-equity ratio of 4.05, a quick ratio of 1.13 and a current ratio of 1.85.

Berry Global Group (NYSE:BERY) last issued its quarterly earnings data on Thursday, November 15th. The industrial products company reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.02. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. Berry Global Group had a return on equity of 34.77% and a net margin of 6.30%. Research analysts forecast that Berry Global Group Inc will post 3.78 earnings per share for the current year.

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About Berry Global Group

Berry Global Group, Inc manufactures and distributes engineered materials, nonwoven specialty materials, and consumer packaging products. The company operates through three segments: Engineered Materials; Health, Hygiene & Specialties; and Consumer Packaging. It offers engineered materials, including stretch and shrink films, and converter films; trash-can liners and food bags; cloth and foil, splicing and laminating, flame-retardant, vinyl-coated and carton sealing, electrical, double-faced cloth, masking, mounting, OEM, and medical and specialty tapes; and food and consumer films, retail bags, and polyvinyl chloride films.

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Institutional Ownership by Quarter for Berry Global Group (NYSE:BERY)

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