W.G. Shaheen & Associates DBA Whitney & Co Makes New $206,000 Investment in 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 the company in its most recent 13F filing with the Securities & Exchange Commission. 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 have also recently modified their holdings of the stock. Altshuler Shaham Ltd acquired a new position in shares of Berry Global Group in the second quarter worth about $27,000. Quest Partners LLC grew its holdings 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 valued at $32,000 after purchasing an additional 548 shares during the period. LRI Investments LLC increased its position in shares of Berry Global Group by 1,309.1% in the second quarter. LRI Investments LLC now owns 620 shares of the industrial products company’s stock valued at $36,000 after buying an additional 576 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Berry Global Group during the 2nd quarter worth approximately $42,000. Finally, American Capital Advisory LLC purchased a new position in shares of Berry Global Group during the 2nd quarter valued at approximately $44,000. Hedge funds and other institutional investors own 95.36% of the company’s stock.

Berry Global Group Stock Up 0.4 %

BERY stock opened at $67.05 on Tuesday. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.08 and a current ratio of 1.82. Berry Global Group, Inc. has a fifty-two week low of $54.06 and a fifty-two week high of $71.63. The firm has a market capitalization of $7.68 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 1.10 and a beta of 1.14. The company’s 50 day moving average price is $67.90 and its 200 day moving average price is $64.13.

Berry Global Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.31 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This is a boost from Berry Global Group’s previous quarterly dividend of $0.28. This represents a $1.24 dividend on an annualized basis and a yield of 1.85%. Berry Global Group’s dividend payout ratio (DPR) is currently 23.50%.

Analyst Ratings Changes

Several research firms recently weighed in on BERY. Truist Financial upped their price target on shares of Berry Global Group from $68.00 to $74.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. 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. Finally, StockNews.com upgraded Berry Global Group from a “hold” rating to a “buy” rating in a research report on Friday. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $71.22.

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 that occurred 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 completion of the sale, the director now owns 30,228 shares in the company, valued at approximately $2,119,889.64. The trade was a 31.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.00% of the stock is owned by company 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.