W.G. Shaheen & Associates DBA Whitney & Co Acquires Shares of 3,028 Berry Global Group, Inc. (NYSE:BERY)

W.G. Shaheen & Associates DBA Whitney & Co bought a new position in Berry Global Group, Inc. (NYSE:BERY) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 3,028 shares of the industrial products company’s stock, valued at approximately $206,000.

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

Insider Transactions at Berry Global Group

In related 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 transaction, the director now directly owns 30,228 shares in the company, valued at $2,119,889.64. The trade was a 31.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 4.00% of the company’s stock.

Berry Global Group Price Performance

BERY opened at $67.05 on Tuesday. Berry Global Group, Inc. has a 52-week low of $54.06 and a 52-week high of $71.63. The stock has a market cap of $7.68 billion, a P/E ratio of 14.33, a PEG ratio of 1.10 and a beta of 1.14. The business has a fifty day moving average of $67.90 and a 200 day moving average of $64.13. The company has a quick ratio of 1.08, a current ratio of 1.82 and a debt-to-equity ratio of 2.57.

Berry Global Group Increases Dividend

The business also recently disclosed 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 represents a $1.24 annualized dividend and a yield of 1.85%. This is a boost from Berry Global Group’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, December 2nd. Berry Global Group’s payout ratio is 23.50%.

Analyst Ratings Changes

BERY has been the subject of a number of research reports. Morgan Stanley assumed 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 target price for the company. StockNews.com upgraded shares of Berry Global Group from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Truist Financial increased their price objective on shares of Berry Global Group from $68.00 to $74.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $71.22.

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.