Public Employees Retirement System of Ohio Increases Stock Position in Berry Global Group, Inc. (NYSE:BERY)

Public Employees Retirement System of Ohio boosted its holdings in shares of Berry Global Group, Inc. (NYSE:BERY) by 8.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 55,785 shares of the industrial products company’s stock after acquiring an additional 4,458 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Berry Global Group were worth $3,792,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC boosted its position in Berry Global Group by 1.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,424 shares of the industrial products company’s stock valued at $555,000 after acquiring an additional 176 shares in the last quarter. Creative Planning grew its stake in Berry Global Group by 3.0% in the third quarter. Creative Planning now owns 6,827 shares of the industrial products company’s stock valued at $464,000 after purchasing an additional 198 shares during the last quarter. Guardian Wealth Management Inc. grew its stake in Berry Global Group by 1.0% in the second quarter. Guardian Wealth Management Inc. now owns 29,623 shares of the industrial products company’s stock valued at $1,743,000 after purchasing an additional 287 shares during the last quarter. US Bancorp DE raised its holdings in Berry Global Group by 9.1% in the third quarter. US Bancorp DE now owns 3,725 shares of the industrial products company’s stock worth $253,000 after purchasing an additional 311 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Berry Global Group by 9.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 4,077 shares of the industrial products company’s stock valued at $240,000 after buying an additional 355 shares in the last quarter. Institutional investors own 95.36% of the company’s stock.

Berry Global Group Trading Down 1.0 %

Berry Global Group stock opened at $67.94 on Monday. The stock has a 50-day moving average price of $69.05 and a 200 day moving average price of $65.56. The company has a market capitalization of $7.83 billion, a price-to-earnings ratio of 15.48, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. Berry Global Group, Inc. has a 52 week low of $54.06 and a 52 week high of $73.31. The company has a quick ratio of 0.80, a current ratio of 1.25 and a debt-to-equity ratio of 2.08.

Berry Global Group Increases Dividend

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

Analyst Ratings Changes

BERY has been the subject of several recent analyst reports. Truist Financial reiterated a “hold” rating and set a $72.00 price objective (down previously from $74.00) on shares of Berry Global Group in a research note on Wednesday, November 20th. Barclays upped their price target on Berry Global Group from $64.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. UBS Group cut Berry Global Group from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $82.00 to $75.00 in a research report on Friday, November 22nd. Citigroup reaffirmed a “neutral” rating and set a $76.00 target price on shares of Berry Global Group in a research report on Monday, November 25th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and issued a $76.00 price target (up previously from $70.00) on shares of Berry Global Group in a report on Monday, November 25th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $73.73.

Insider Activity

In other news, Director Evan Bayh sold 14,000 shares of the business’s 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 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 4.00% of the company’s stock.

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.