Berry Global Group, Inc. (NYSE:BERY) Stock Holdings Increased by State of Alaska Department of Revenue

State of Alaska Department of Revenue grew its position in shares of Berry Global Group, Inc. (NYSE:BERY) by 3.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,962 shares of the industrial products company’s stock after buying an additional 730 shares during the period. State of Alaska Department of Revenue’s holdings in Berry Global Group were worth $1,560,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in BERY. Altshuler Shaham Ltd bought a new position in Berry Global Group during the second quarter worth $27,000. Quest Partners LLC lifted its position in shares of Berry Global Group by 54,800.0% in the 2nd quarter. Quest Partners LLC now owns 549 shares of the industrial products company’s stock worth $32,000 after buying an additional 548 shares during the last quarter. LRI Investments LLC boosted its holdings in shares of Berry Global Group by 1,309.1% in the 2nd quarter. LRI Investments LLC now owns 620 shares of the industrial products company’s stock valued at $36,000 after buying an additional 576 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in shares of Berry Global Group during the 2nd quarter valued at about $42,000. Finally, American Capital Advisory LLC acquired a new stake in Berry Global Group during the second quarter worth about $44,000. Institutional investors and hedge funds own 95.36% of the company’s stock.

Insider Activity

In related news, Director Evan Bayh sold 14,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $70.13, for a total transaction of $981,820.00. Following the completion of the sale, the director now directly owns 30,228 shares of the company’s stock, valued at $2,119,889.64. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. StockNews.com upgraded Berry Global Group from a “hold” rating to a “buy” rating in a research note on Wednesday. Morgan Stanley began coverage on Berry Global Group in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $76.00 target price on the stock. Truist Financial boosted their price target on shares of Berry Global Group from $68.00 to $74.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Finally, UBS Group cut their price objective on shares of Berry Global Group from $89.00 to $77.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $71.22.

Berry Global Group Trading Up 0.2 %

Berry Global Group stock opened at $70.58 on Friday. Berry Global Group, Inc. has a 12-month low of $54.06 and a 12-month high of $71.52. The stock has a market capitalization of $8.09 billion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 1.16 and a beta of 1.15. The firm has a 50 day simple moving average of $67.99 and a 200-day simple moving average of $63.29. The company has a debt-to-equity ratio of 2.57, a current ratio of 1.82 and a quick ratio of 1.08.

Berry Global Group (NYSE:BERY) last posted its quarterly earnings data on Friday, August 2nd. The industrial products company reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.16. Berry Global Group had a return on equity of 27.32% and a net margin of 4.55%. The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the previous year, the business earned $1.90 EPS. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. As a group, equities research analysts expect that Berry Global Group, Inc. will post 7.6 EPS for the current fiscal year.

Berry Global Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.76%. This is an increase from Berry Global Group’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, December 2nd. Berry Global Group’s dividend payout ratio is presently 23.50%.

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.