Berry Global Group, Inc. (NYSE:BERY) Shares Bought by Fmr LLC

Fmr LLC grew its position in Berry Global Group, Inc. (NYSE:BERY) by 38.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,807,317 shares of the industrial products company’s stock after purchasing an additional 1,055,756 shares during the period. Fmr LLC’s holdings in Berry Global Group were worth $258,821,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of BERY. Altshuler Shaham Ltd acquired a new position in Berry Global Group in the 2nd quarter worth approximately $27,000. Quest Partners LLC increased its stake in shares of Berry Global Group by 54,800.0% in the second quarter. Quest Partners LLC now owns 549 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 548 shares during the period. LRI Investments LLC raised its holdings in shares of Berry Global Group by 1,309.1% during the second quarter. LRI Investments LLC now owns 620 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 576 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Berry Global Group during the second quarter valued at $42,000. Finally, American Capital Advisory LLC purchased a new stake in Berry Global Group in the second quarter valued at $44,000. 95.36% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Evan Bayh sold 14,000 shares of the company’s stock in a transaction 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 owns 30,228 shares of the company’s stock, valued at $2,119,889.64. This represents a 31.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 4.00% of the company’s stock.

Analyst Upgrades and Downgrades

BERY has been the subject of a number of recent research reports. Truist Financial reiterated a “hold” rating and set a $72.00 price objective (down previously from $74.00) on shares of Berry Global Group in a research note on Wednesday, November 20th. Barclays boosted their price target on Berry Global Group from $64.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Citigroup reaffirmed a “neutral” rating and set a $76.00 price objective on shares of Berry Global Group in a research note on Monday, November 25th. Morgan Stanley began coverage on shares of Berry Global Group in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $76.00 target price for the company. Finally, StockNews.com upgraded shares of Berry Global Group from a “hold” rating to a “buy” rating in a research report on Monday, November 25th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $73.73.

Berry Global Group Stock Up 1.0 %

BERY stock opened at $72.31 on Monday. Berry Global Group, Inc. has a 52 week low of $54.06 and a 52 week high of $73.31. The company has a quick ratio of 0.26, a current ratio of 1.25 and a debt-to-equity ratio of 2.08. The firm has a 50-day simple moving average of $68.62 and a 200-day simple moving average of $64.86. The stock has a market capitalization of $8.33 billion, a P/E ratio of 16.47, a P/E/G ratio of 1.44 and a beta of 1.14.

Berry Global Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.71%. This is a boost from Berry Global Group’s previous quarterly dividend of $0.28. Berry Global Group’s dividend payout ratio is presently 25.06%.

About Berry Global Group

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.