Raymond James Trust N.A. Buys Shares of 6,006 Berry Global Group, Inc. (NYSE:BERY)

Raymond James Trust N.A. purchased a new position in shares of Berry Global Group, Inc. (NYSE:BERY) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,006 shares of the industrial products company’s stock, valued at approximately $408,000.

A number of other institutional investors and hedge funds have also modified their holdings of BERY. Eagle Asset Management Inc. boosted its position in Berry Global Group by 14.4% during the third quarter. Eagle Asset Management Inc. now owns 197,222 shares of the industrial products company’s stock worth $13,271,000 after purchasing an additional 24,784 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Berry Global Group by 2.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 835,915 shares of the industrial products company’s stock worth $56,826,000 after buying an additional 18,736 shares during the last quarter. Integrated Investment Consultants LLC purchased a new stake in shares of Berry Global Group in the 3rd quarter worth about $714,000. EverSource Wealth Advisors LLC grew its stake in Berry Global Group by 2.4% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 28,927 shares of the industrial products company’s stock valued at $1,966,000 after acquiring an additional 666 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Berry Global Group during the 3rd quarter valued at about $374,000. Institutional investors and hedge funds own 95.36% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on BERY. UBS Group downgraded shares of Berry Global Group from a “buy” rating to a “neutral” rating and reduced their price target for the company from $82.00 to $75.00 in a report on Friday, November 22nd. Royal Bank of Canada upped their target price on Berry Global Group from $69.00 to $73.00 and gave the company a “sector perform” rating in a research note on Thursday, November 21st. StockNews.com raised Berry Global Group from a “hold” rating to a “buy” rating in a research report on Monday. Truist Financial restated a “hold” rating and issued a $72.00 price objective (down from $74.00) on shares of Berry Global Group in a research report on Wednesday, November 20th. Finally, Citigroup reiterated a “neutral” rating and set a $76.00 price objective on shares of Berry Global Group in a research report on Monday. Nine 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 has a consensus rating of “Hold” and a consensus price target of $72.73.

Berry Global Group Price Performance

Berry Global Group stock opened at $70.73 on Wednesday. Berry Global Group, Inc. has a 1 year low of $54.06 and a 1 year high of $73.31. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.26 and a current ratio of 0.41. The firm has a 50 day moving average price of $68.30 and a 200 day moving average price of $64.53. The company has a market cap of $8.11 billion, a price-to-earnings ratio of 16.11, a PEG ratio of 1.40 and a beta of 1.14.

Berry Global Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.31 per share. The ex-dividend date is Monday, December 2nd. This is a boost from Berry Global Group’s previous quarterly dividend of $0.28. This represents a $1.24 annualized dividend and a dividend yield of 1.75%. Berry Global Group’s payout ratio is currently 25.06%.

Insider Transactions at Berry Global Group

In other news, Director Evan Bayh sold 14,000 shares of Berry Global Group stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $70.13, for a total value of $981,820.00. Following the transaction, the director now directly owns 30,228 shares of the company’s stock, valued at $2,119,889.64. The trade was a 31.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 4.00% of the company’s stock.

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.