Capital Performance Advisors LLP Buys New Position in Berry Global Group, Inc. (NYSE:BERY)

Capital Performance Advisors LLP purchased a new position in shares of Berry Global Group, Inc. (NYSE:BERY) during the third quarter, Holdings Channel reports. The firm purchased 1,105 shares of the industrial products company’s stock, valued at approximately $75,000.

Other institutional investors also recently added to or reduced their stakes in the company. Foster & Motley Inc. grew its position in Berry Global Group by 162.4% during the 3rd quarter. Foster & Motley Inc. now owns 19,170 shares of the industrial products company’s stock worth $1,303,000 after purchasing an additional 11,865 shares during the last quarter. QRG Capital Management Inc. boosted its stake in shares of Berry Global Group by 14.7% during the third quarter. QRG Capital Management Inc. now owns 8,979 shares of the industrial products company’s stock worth $610,000 after buying an additional 1,151 shares during the period. US Bancorp DE grew its holdings in shares of Berry Global Group by 9.1% during the third quarter. US Bancorp DE now owns 3,725 shares of the industrial products company’s stock worth $253,000 after buying an additional 311 shares during the last quarter. New York State Teachers Retirement System increased its position in Berry Global Group by 4.5% in the 3rd quarter. New York State Teachers Retirement System now owns 79,849 shares of the industrial products company’s stock valued at $5,428,000 after acquiring an additional 3,440 shares during the period. Finally, Diversify Advisory Services LLC purchased a new stake in Berry Global Group during the 3rd quarter valued at approximately $278,000. Institutional investors and hedge funds own 95.36% of the company’s stock.

Insider Activity at Berry Global Group

In other Berry Global Group news, Director Evan Bayh sold 14,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $70.13, for a total transaction of $981,820.00. Following the sale, the director now directly owns 30,228 shares in the company, valued at approximately $2,119,889.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on BERY shares. StockNews.com began coverage on Berry Global Group in a research note on Thursday. They issued a “hold” rating on the stock. UBS Group lowered 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. Truist Financial upped their price objective on shares of Berry Global Group from $68.00 to $74.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. Finally, Morgan Stanley started coverage on shares of Berry Global Group in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $76.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $71.22.

Berry Global Group Stock Up 0.0 %

BERY stock opened at $67.29 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.08 and a debt-to-equity ratio of 2.57. The company’s 50-day moving average price is $67.97 and its 200 day moving average price is $63.72. Berry Global Group, Inc. has a 52 week low of $54.06 and a 52 week high of $71.63. The company has a market cap of $7.71 billion, a P/E ratio of 14.38, a P/E/G ratio of 1.10 and a beta of 1.14.

Berry Global Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.31 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.84%. This is a boost from Berry Global Group’s previous quarterly dividend of $0.28. Berry Global Group’s dividend payout ratio is currently 23.50%.

Berry Global Group Company 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.