Capital Fund Management S.A. decreased its position in shares of Berry Global Group Inc (NYSE:BERY) by 98.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,517 shares of the industrial products company’s stock after selling 318,521 shares during the quarter. Capital Fund Management S.A.’s holdings in Berry Global Group were worth $267,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Epoch Investment Partners Inc. raised its holdings in Berry Global Group by 0.6% during the 3rd quarter. Epoch Investment Partners Inc. now owns 1,181,922 shares of the industrial products company’s stock worth $57,193,000 after purchasing an additional 7,436 shares during the last quarter. University of Notre Dame DU Lac raised its holdings in Berry Global Group by 8.7% during the 3rd quarter. University of Notre Dame DU Lac now owns 198,763 shares of the industrial products company’s stock worth $9,618,000 after purchasing an additional 15,892 shares during the last quarter. People s United Financial Inc. raised its holdings in Berry Global Group by 27.7% during the 3rd quarter. People s United Financial Inc. now owns 8,194 shares of the industrial products company’s stock worth $397,000 after purchasing an additional 1,779 shares during the last quarter. Mutual of America Capital Management LLC raised its holdings in Berry Global Group by 56.8% during the 3rd quarter. Mutual of America Capital Management LLC now owns 99,427 shares of the industrial products company’s stock worth $4,811,000 after purchasing an additional 36,016 shares during the last quarter. Finally, Hsbc Holdings PLC raised its holdings in Berry Global Group by 9.3% during the 3rd quarter. Hsbc Holdings PLC now owns 22,145 shares of the industrial products company’s stock worth $1,072,000 after purchasing an additional 1,885 shares during the last quarter. Hedge funds and other institutional investors own 95.38% of the company’s stock.

Several brokerages have recently commented on BERY. ValuEngine raised shares of Berry Global Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 13th. Cfra reaffirmed a “buy” rating and set a $57.00 price objective on shares of Berry Global Group in a research report on Thursday, September 6th. Zacks Investment Research raised shares of Berry Global Group from a “sell” rating to a “hold” rating in a research report on Monday, October 8th. TheStreet downgraded shares of Berry Global Group from a “b” rating to a “c+” rating in a research report on Monday, October 29th. Finally, Citigroup raised their price objective on shares of Berry Global Group from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, November 16th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $63.57.

Shares of BERY stock opened at $50.00 on Friday. The company has a market cap of $6.49 billion, a PE ratio of 14.84, a P/E/G ratio of 0.78 and a beta of 1.22. Berry Global Group Inc has a 52 week low of $40.50 and a 52 week high of $61.71. The company has a debt-to-equity ratio of 4.05, a current ratio of 1.85 and a quick ratio of 1.13.

Berry Global Group (NYSE:BERY) last announced its quarterly earnings data on Thursday, November 15th. The industrial products company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.88 by $0.02. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. Berry Global Group had a net margin of 6.30% and a return on equity of 34.77%. On average, sell-side analysts expect that Berry Global Group Inc will post 3.78 earnings per share for the current fiscal year.

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Berry Global Group Company Profile

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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