TD Private Client Wealth LLC Purchases 7,987 Shares of Berry Global Group, Inc. (NYSE:BERY)

TD Private Client Wealth LLC raised its position in shares of Berry Global Group, Inc. (NYSE:BERY) by 5,508.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,132 shares of the industrial products company’s stock after purchasing an additional 7,987 shares during the period. TD Private Client Wealth LLC’s holdings in Berry Global Group were worth $553,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Altshuler Shaham Ltd bought a new stake in shares of Berry Global Group in the second quarter valued at about $27,000. Quest Partners LLC increased its position in Berry Global Group by 54,800.0% during the 2nd 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 raised its holdings in shares of 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 purchasing 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 worth approximately $42,000. Finally, American Capital Advisory LLC bought a new position in shares of Berry Global Group during the second quarter valued at approximately $44,000. 95.36% of the stock is currently owned by hedge funds and other institutional investors.

Berry Global Group Stock Down 1.0 %

NYSE:BERY opened at $67.94 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.80 and a debt-to-equity ratio of 2.08. Berry Global Group, Inc. has a twelve month low of $54.06 and a twelve month high of $73.31. The company has a market cap of $7.83 billion, a PE ratio of 15.48, a P/E/G ratio of 1.38 and a beta of 1.14. The company’s 50 day moving average is $69.05 and its two-hundred day moving average is $65.47.

Berry Global Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, December 2nd. This is a positive change from Berry Global Group’s previous quarterly dividend of $0.28. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.83%. Berry Global Group’s payout ratio is 28.25%.

Insider Activity at Berry Global Group

In related 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 value of $981,820.00. Following the sale, the director now owns 30,228 shares in the company, valued at $2,119,889.64. This represents a 31.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BERY. Barclays boosted their price objective on shares of 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. Royal Bank of Canada upped their price objective on Berry Global Group from $69.00 to $73.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $76.00 target price (up previously from $70.00) on shares of Berry Global Group in a research note on Monday, November 25th. Citigroup reissued a “neutral” rating and set a $76.00 price target on shares of Berry Global Group in a research report on Monday, November 25th. Finally, Morgan Stanley initiated coverage on shares of Berry Global Group in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $76.00 price objective on the stock. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Berry Global Group has a consensus rating of “Hold” and an average target price of $73.73.

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.