Berry Global Group Inc (BERY) Holdings Cut by Bank of New York Mellon Corp
Bank of New York Mellon Corp trimmed its stake in shares of Berry Global Group Inc (NYSE:BERY) by 21.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 464,460 shares of the industrial products company’s stock after selling 125,692 shares during the quarter. Bank of New York Mellon Corp’s holdings in Berry Global Group were worth $21,337,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Atria Investments LLC purchased a new position in Berry Global Group during the second quarter valued at $212,000. Koch Industries Inc. purchased a new position in Berry Global Group during the first quarter valued at $233,000. IBM Retirement Fund purchased a new position in Berry Global Group during the first quarter valued at $247,000. Strategic Global Advisors LLC purchased a new position in Berry Global Group during the first quarter valued at $270,000. Finally, Quantitative Systematic Strategies LLC purchased a new position in shares of Berry Global Group in the first quarter worth about $278,000. 93.92% of the stock is currently owned by institutional investors and hedge funds.
NYSE:BERY opened at $49.94 on Friday. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 4.41. The stock has a market capitalization of $6.41 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 0.72 and a beta of 1.05. Berry Global Group Inc has a twelve month low of $45.24 and a twelve month high of $61.71.
Several equities analysts have recently weighed in on BERY shares. Cfra reissued a “buy” rating and issued a $57.00 price target on shares of Berry Global Group in a research note on Thursday, September 6th. KeyCorp reissued a “hold” rating on shares of Berry Global Group in a research note on Friday, August 3rd. Zacks Investment Research raised shares of Berry Global Group from a “sell” rating to a “hold” rating in a research note on Wednesday, June 27th. Finally, ValuEngine raised shares of Berry Global Group from a “strong sell” rating to a “sell” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the company. Berry Global Group currently has an average rating of “Buy” and an average price target of $65.75.
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.
See Also: Do You Need a Fiduciary?
Want to see what other hedge funds are holding BERY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Berry Global Group Inc (NYSE:BERY).
Receive News & Ratings for Berry Global Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Berry Global Group and related companies with MarketBeat.com's FREE daily email newsletter.