Berry Global Group, Inc. (NYSE:BERY) Shares Sold by Coronation Fund Managers Ltd.

Coronation Fund Managers Ltd. lessened its holdings in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) by 2.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 158,273 shares of the industrial products company's stock after selling 3,695 shares during the quarter. Coronation Fund Managers Ltd. owned about 0.13% of Berry Global Group worth $9,322,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Berry Global Group by 1.6% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 4,545,256 shares of the industrial products company's stock valued at $274,670,000 after buying an additional 73,716 shares during the period. LSV Asset Management lifted its holdings in shares of Berry Global Group by 0.6% in the first quarter. LSV Asset Management now owns 4,366,643 shares of the industrial products company's stock valued at $257,195,000 after buying an additional 24,810 shares during the period. Macquarie Group Ltd. raised its position in shares of Berry Global Group by 0.4% during the second quarter. Macquarie Group Ltd. now owns 2,667,381 shares of the industrial products company's stock worth $145,746,000 after purchasing an additional 10,548 shares during the period. State Street Corp raised its position in shares of Berry Global Group by 5.3% during the first quarter. State Street Corp now owns 2,146,344 shares of the industrial products company's stock worth $124,402,000 after purchasing an additional 107,657 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Berry Global Group by 4.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,985,222 shares of the industrial products company's stock worth $119,969,000 after purchasing an additional 83,976 shares during the period. Institutional investors and hedge funds own 92.95% of the company's stock.

Shares of BERY traded up $0.62 during trading hours on Friday, hitting $63.23. 485,891 shares of the company were exchanged, compared to its average volume of 1,032,841. The company has a market cap of $7.54 billion, a PE ratio of 10.99, a PEG ratio of 0.86 and a beta of 1.19. The firm's 50 day moving average is $63.53 and its 200-day moving average is $60.74. Berry Global Group, Inc. has a 52 week low of $44.52 and a 52 week high of $68.01. The company has a debt-to-equity ratio of 2.82, a quick ratio of 1.15 and a current ratio of 1.95.

Berry Global Group (NYSE:BERY - Get Free Report) last released its quarterly earnings results on Thursday, May 4th. The industrial products company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.11. Berry Global Group had a return on equity of 29.37% and a net margin of 5.34%. The company had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the prior year, the company posted $1.93 EPS. The firm's revenue was down 12.9% on a year-over-year basis. On average, equities research analysts forecast that Berry Global Group, Inc. will post 7.33 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, August 31st. This represents a $1.00 annualized dividend and a yield of 1.58%. Berry Global Group's payout ratio is 17.54%.

A number of equities research analysts have recently issued reports on BERY shares. StockNews.com started coverage on Berry Global Group in a research report on Thursday, May 18th. They set a "buy" rating on the stock. Jefferies Financial Group boosted their target price on Berry Global Group from $76.00 to $87.00 in a research report on Tuesday, July 18th. Citigroup upped their price target on Berry Global Group from $72.00 to $79.00 in a research report on Monday, July 10th. Mizuho upped their price target on Berry Global Group from $64.00 to $65.00 in a research report on Friday, May 5th. Finally, Truist Financial raised Berry Global Group from a "hold" rating to a "buy" rating and upped their target price for the stock from $69.00 to $73.00 in a research report on Wednesday, May 24th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Berry Global Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $73.23.

Read Our Latest Analysis on BERY

In related news, CFO Mark W. Miles sold 31,602 shares of the stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $61.34, for a total transaction of $1,938,466.68. Following the completion of the sale, the chief financial officer now owns 65,456 shares in the company, valued at approximately $4,015,071.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Berry Global Group news, insider Jason K. Greene sold 520 shares of the company's stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $68.01, for a total value of $35,365.20. Following the completion of the transaction, the insider now owns 250 shares of the company's stock, valued at approximately $17,002.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Mark W. Miles sold 31,602 shares of the company's stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $61.34, for a total value of $1,938,466.68. Following the completion of the transaction, the chief financial officer now directly owns 65,456 shares of the company's stock, valued at approximately $4,015,071.04. The disclosure for this sale can be found here. Insiders sold a total of 90,122 shares of company stock worth $5,770,595 in the last 90 days. 3.30% of the stock is owned by company insiders.

Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products in consumer and industrial end markets. The company operates through Consumer Packaging International; Consumer Packaging North America; Engineered Materials; and Health, Hygiene & Specialties segments. The Consumer Packaging International segment offers closures and dispensing systems, pharmaceutical devices and packaging, bottles and canisters, containers, and technical components.

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