Stifel Financial Corp Has $874,000 Position in Berry Global Group, Inc. (NYSE:BERY)

Stifel Financial Corp cut its holdings in Berry Global Group, Inc. (NYSE:BERY) by 3.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,850 shares of the industrial products company’s stock after selling 521 shares during the quarter. Stifel Financial Corp’s holdings in Berry Global Group were worth $874,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in BERY. Bank of New York Mellon Corp boosted its stake in shares of Berry Global Group by 0.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,184,656 shares of the industrial products company’s stock worth $69,717,000 after acquiring an additional 10,194 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Berry Global Group by 280.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 798,092 shares of the industrial products company’s stock valued at $46,968,000 after purchasing an additional 588,114 shares during the last quarter. American Capital Advisory LLC bought a new position in shares of Berry Global Group in the second quarter valued at approximately $44,000. Innealta Capital LLC acquired a new stake in shares of Berry Global Group in the second quarter worth $117,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Berry Global Group during the 2nd quarter worth $759,000. 95.36% of the stock is owned by institutional investors.

Berry Global Group Trading Up 0.7 %

Shares of BERY opened at $65.16 on Wednesday. The stock has a 50 day simple moving average of $68.71 and a 200-day simple moving average of $65.81. The company has a current ratio of 1.25, a quick ratio of 0.80 and a debt-to-equity ratio of 2.08. The stock has a market cap of $7.51 billion, a PE ratio of 14.84, a PEG ratio of 1.38 and a beta of 1.14. Berry Global Group, Inc. has a 1 year low of $54.06 and a 1 year high of $73.31.

Berry Global Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a $0.31 dividend. This is a positive change from Berry Global Group’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.24 annualized dividend and a dividend yield of 1.90%. Berry Global Group’s dividend payout ratio is presently 28.25%.

Insider Buying and Selling

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 value of $981,820.00. Following the transaction, the director now owns 30,228 shares of the company’s stock, valued at approximately $2,119,889.64. The trade was a 31.65 % 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 hyperlink. 4.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BERY. Morgan Stanley initiated coverage on shares of Berry Global Group in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $76.00 target price on the stock. Barclays lifted their price objective on Berry Global Group from $64.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Truist Financial restated a “hold” rating and set a $72.00 target price (down previously from $74.00) on shares of Berry Global Group in a research note on Wednesday, November 20th. UBS Group downgraded Berry Global Group from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $82.00 to $75.00 in a research report on Friday, November 22nd. Finally, StockNews.com began coverage on Berry Global Group in a research report on Thursday, December 19th. They issued a “buy” rating for the company. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $73.40.

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.