Berry Global Group, Inc. (NYSE:BERY) Shares Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. boosted its position in Berry Global Group, Inc. (NYSE:BERY) by 0.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 113,914 shares of the industrial products company’s stock after purchasing an additional 445 shares during the quarter. Oppenheimer Asset Management Inc. owned about 0.10% of Berry Global Group worth $7,744,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its holdings in shares of Berry Global Group by 36.3% during the third quarter. Victory Capital Management Inc. now owns 95,281 shares of the industrial products company’s stock worth $6,477,000 after buying an additional 25,382 shares in the last quarter. Versor Investments LP purchased a new stake in Berry Global Group during the 3rd quarter valued at about $2,130,000. Atria Investments Inc raised its holdings in Berry Global Group by 4.8% in the 3rd quarter. Atria Investments Inc now owns 42,512 shares of the industrial products company’s stock valued at $2,890,000 after acquiring an additional 1,945 shares during the last quarter. CWA Asset Management Group LLC purchased a new position in Berry Global Group in the 3rd quarter worth approximately $376,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Berry Global Group during the 3rd quarter worth approximately $75,000. Hedge funds and other institutional investors own 95.36% of the company’s stock.

Berry Global Group Trading Down 1.0 %

Shares of BERY stock opened at $66.33 on Friday. The company has a 50-day moving average of $67.90 and a two-hundred day moving average of $63.97. The firm has a market cap of $7.60 billion, a PE ratio of 14.17, a price-to-earnings-growth ratio of 1.12 and a beta of 1.14. Berry Global Group, Inc. has a 1-year low of $54.06 and a 1-year high of $71.63. 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 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 given 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 is Monday, December 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 1.87%. Berry Global Group’s payout ratio is presently 23.50%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BERY. Morgan Stanley began coverage on Berry Global Group in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $76.00 price objective on the stock. Truist Financial lifted their price target on Berry Global Group from $68.00 to $74.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Finally, StockNews.com assumed coverage on shares of Berry Global Group in a report on Thursday, November 7th. They issued a “hold” rating for the company. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $71.22.

Insider Buying and Selling at Berry Global Group

In other Berry Global Group 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 completion of 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 legal filing with the SEC, which is available through this link. 4.00% of the stock is owned by corporate insiders.

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.