J2 Capital Management Inc Purchases Shares of 5,291 Berry Global Group, Inc. (NYSE:BERY)

J2 Capital Management Inc acquired a new position in shares of Berry Global Group, Inc. (NYSE:BERY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,291 shares of the industrial products company’s stock, valued at approximately $342,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Merit Financial Group LLC acquired a new position in shares of Berry Global Group during the fourth quarter worth about $200,000. Assenagon Asset Management S.A. bought a new stake in Berry Global Group in the 4th quarter valued at approximately $2,868,000. CWA Asset Management Group LLC boosted its position in Berry Global Group by 27.9% during the 4th quarter. CWA Asset Management Group LLC now owns 7,072 shares of the industrial products company’s stock worth $457,000 after acquiring an additional 1,543 shares during the last quarter. Everence Capital Management Inc. bought a new position in shares of Berry Global Group during the 4th quarter worth approximately $215,000. Finally, Franklin Resources Inc. raised its holdings in shares of Berry Global Group by 1.2% in the third quarter. Franklin Resources Inc. now owns 313,329 shares of the industrial products company’s stock valued at $21,711,000 after purchasing an additional 3,744 shares during the last quarter. 95.36% of the stock is currently owned by institutional investors and hedge funds.

Berry Global Group Stock Up 0.1 %

Shares of NYSE BERY opened at $67.69 on Friday. The stock has a market capitalization of $7.83 billion, a P/E ratio of 15.42, a PEG ratio of 1.38 and a beta of 1.16. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.80 and a current ratio of 1.25. Berry Global Group, Inc. has a 52 week low of $54.06 and a 52 week high of $73.31. The stock’s fifty day moving average is $67.51 and its 200 day moving average is $66.51.

Berry Global Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend was Monday, December 2nd. This is a boost from Berry Global Group’s previous quarterly dividend of $0.28. Berry Global Group’s payout ratio is currently 28.25%.

Analyst Ratings Changes

BERY has been the subject of several recent research reports. JPMorgan Chase & Co. restated an “overweight” rating and set a $76.00 target price (up previously from $70.00) on shares of Berry Global Group in a report on Monday, November 25th. Royal Bank of Canada increased their price objective on shares of 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. Truist Financial lifted their target price on Berry Global Group from $72.00 to $74.00 and gave the company a “hold” rating in a research report on Monday, January 6th. UBS Group reduced their price target on Berry Global Group from $75.00 to $72.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Finally, StockNews.com began coverage on Berry Global Group in a research note on Sunday, January 12th. They issued a “buy” rating for the company. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $73.30.

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.