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

Oppenheimer Asset Management Inc. lifted its stake in Berry Global Group, Inc. (NYSE:BERY) by 0.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 113,914 shares of the industrial products company’s stock after purchasing an additional 445 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Berry Global Group were worth $7,744,000 at the end of the most recent quarter.

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

Insider Activity at Berry Global Group

In other Berry Global Group news, Director Evan Bayh sold 14,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 30,228 shares of the company’s stock, valued at $2,119,889.64. This represents a 31.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.00% of the stock is owned by insiders.

Berry Global Group Price Performance

Shares of NYSE BERY opened at $66.33 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.08 and a debt-to-equity ratio of 2.57. Berry Global Group, Inc. has a twelve month low of $54.06 and a twelve month high of $71.63. The stock has a 50 day moving average of $67.90 and a two-hundred day moving average of $63.97. The stock has a market cap of $7.60 billion, a P/E ratio of 14.17, a P/E/G ratio of 1.12 and a beta of 1.14.

Berry Global Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.87%. 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 presently 23.50%.

Wall Street Analyst Weigh In

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

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.