Toronto Dominion Bank Buys New Holdings in Berry Global Group, Inc. (NYSE:BERY)

Toronto Dominion Bank bought a new stake in shares of Berry Global Group, Inc. (NYSE:BERY) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 50,005 shares of the industrial products company’s stock, valued at approximately $3,234,000.

Other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. grew its holdings in Berry Global Group by 89.0% during the 4th quarter. UMB Bank n.a. now owns 650 shares of the industrial products company’s stock valued at $42,000 after buying an additional 306 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in Berry Global Group by 28.8% during the 4th quarter. Quadrant Capital Group LLC now owns 738 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 165 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in Berry Global Group by 3,569.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 844 shares of the industrial products company’s stock valued at $55,000 after acquiring an additional 821 shares during the period. Venturi Wealth Management LLC boosted its holdings in Berry Global Group by 463.5% during the 4th quarter. Venturi Wealth Management LLC now owns 1,065 shares of the industrial products company’s stock valued at $69,000 after acquiring an additional 876 shares during the period. Finally, Atlas Capital Advisors Inc. boosted its holdings in Berry Global Group by 7,390.9% during the 4th quarter. Atlas Capital Advisors Inc. now owns 1,648 shares of the industrial products company’s stock valued at $107,000 after acquiring an additional 1,626 shares during the period. Hedge funds and other institutional investors own 95.36% of the company’s stock.

Berry Global Group Stock Performance

NYSE BERY opened at $67.69 on Friday. The stock has a market capitalization of $7.84 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 1.54 and a beta of 1.14. Berry Global Group, Inc. has a twelve month low of $57.52 and a twelve month high of $74.24. The company has a current ratio of 1.61, a quick ratio of 1.09 and a debt-to-equity ratio of 3.35. The stock has a 50-day moving average of $67.80 and a 200 day moving average of $68.39.

Berry Global Group (NYSE:BERY) last announced its earnings results on Wednesday, April 30th. The industrial products company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.03. Berry Global Group had a return on equity of 28.26% and a net margin of 3.99%. The business had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.60 billion. During the same quarter in the prior year, the firm earned $1.95 earnings per share. The business’s revenue was up .0% compared to the same quarter last year. Sell-side analysts anticipate that Berry Global Group, Inc. will post 6.25 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on BERY. Truist Financial decreased their target price on Berry Global Group from $76.00 to $71.00 and set a “hold” rating for the company in a research report on Tuesday, April 22nd. Wall Street Zen started coverage on Berry Global Group in a research report on Tuesday. They set a “buy” rating on the stock. Finally, UBS Group upped their target price on Berry Global Group from $72.00 to $73.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Berry Global Group currently has a consensus rating of “Hold” and an average price target of $74.29.

Berry Global Group Profile

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.