Massachusetts Financial Services Co. MA Boosts Stock Position in Berry Global Group, Inc. (NYSE:BERY)

Massachusetts Financial Services Co. MA grew its holdings in Berry Global Group, Inc. (NYSE:BERY) by 12.1% in the third quarter, Holdings Channel reports. The institutional investor owned 3,510,950 shares of the industrial products company’s stock after acquiring an additional 377,947 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Berry Global Group were worth $213,747,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of BERY. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Berry Global Group in the second quarter valued at approximately $46,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Berry Global Group by 85.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,040 shares of the industrial products company’s stock valued at $68,000 after buying an additional 479 shares in the last quarter. Eubel Brady & Suttman Asset Management Inc. purchased a new stake in shares of Berry Global Group in the second quarter valued at approximately $86,000. Harvest Fund Management Co. Ltd increased its position in shares of Berry Global Group by 182.8% in the second quarter. Harvest Fund Management Co. Ltd now owns 1,499 shares of the industrial products company’s stock valued at $98,000 after buying an additional 969 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in shares of Berry Global Group by 38.7% in the second quarter. Rockefeller Capital Management L.P. now owns 1,793 shares of the industrial products company’s stock valued at $116,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 94.64% of the company’s stock.

In other news, President Curt Begle sold 14,000 shares of the company’s stock in a transaction on Monday, October 25th. The stock was sold at an average price of $67.99, for a total value of $951,860.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last ninety days, insiders sold 42,000 shares of company stock worth $2,995,580. Corporate insiders own 2.40% of the company’s stock.

A number of analysts have recently commented on the company. Citigroup boosted their price objective on Berry Global Group from $89.00 to $96.00 in a research report on Tuesday, January 4th. Raymond James began coverage on Berry Global Group in a research report on Wednesday, November 24th. They set a “market perform” rating for the company. Truist Securities boosted their price target on Berry Global Group from $81.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday. Wells Fargo & Company boosted their price target on Berry Global Group from $78.00 to $86.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Mizuho began coverage on Berry Global Group in a research report on Tuesday, October 12th. They set a “neutral” rating and a $70.00 price target for the company. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $81.17.

Shares of NYSE:BERY opened at $72.55 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.60 and a debt-to-equity ratio of 2.97. The business has a fifty day moving average of $70.15 and a two-hundred day moving average of $66.51. The stock has a market cap of $9.80 billion, a P/E ratio of 13.64, a PEG ratio of 0.99 and a beta of 1.32. Berry Global Group, Inc. has a 52-week low of $48.65 and a 52-week high of $74.73.

Berry Global Group (NYSE:BERY) last issued its earnings results on Thursday, November 18th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.02. The company had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.46 billion. Berry Global Group had a return on equity of 30.09% and a net margin of 5.29%. The firm’s quarterly revenue was up 22.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.59 EPS. On average, equities analysts anticipate that Berry Global Group, Inc. will post 7.41 earnings per share for the current year.

Berry Global Group Profile

Berry Global Group, Inc engages in the provision of value added engineered materials, nonwoven specialty materials and consumer packaging with customized solutions. It operates through the following segments: Consumer Packaging International, Consumer Packaging North America, Engineered Materials and Health, Hygiene & Specialties.

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

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