Integrated Investment Consultants LLC Buys New Stake in Berry Global Group, Inc. (NYSE:BERY)

Integrated Investment Consultants LLC bought a new stake in shares of Berry Global Group, Inc. (NYSE:BERY) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 10,503 shares of the industrial products company’s stock, valued at approximately $714,000.

Several other hedge funds and other institutional investors have also made changes to their positions in BERY. Russell Investments Group Ltd. increased its stake in Berry Global Group by 33.8% during the 1st quarter. Russell Investments Group Ltd. now owns 37,552 shares of the industrial products company’s stock worth $2,271,000 after buying an additional 9,483 shares during the period. Virtu Financial LLC purchased a new stake in Berry Global Group during the 1st quarter worth $691,000. BOKF NA increased its stake in Berry Global Group by 26.3% during the 1st quarter. BOKF NA now owns 79,330 shares of the industrial products company’s stock worth $4,809,000 after buying an additional 16,497 shares during the period. Vanguard Group Inc. increased its stake in Berry Global Group by 10.2% during the 1st quarter. Vanguard Group Inc. now owns 12,931,050 shares of the industrial products company’s stock worth $782,070,000 after buying an additional 1,200,021 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in Berry Global Group by 4.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 835,334 shares of the industrial products company’s stock worth $56,786,000 after buying an additional 37,242 shares during the period. Institutional investors and hedge funds own 95.36% of the company’s stock.

Berry Global Group Trading Up 2.8 %

NYSE BERY opened at $70.93 on Friday. Berry Global Group, Inc. has a one year low of $54.06 and a one year high of $72.50. The company has a 50-day simple moving average of $67.99 and a 200-day simple moving average of $64.27. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.08 and a current ratio of 1.82. The firm has a market capitalization of $8.13 billion, a PE ratio of 16.16, a price-to-earnings-growth ratio of 1.09 and a beta of 1.14.

Berry Global Group Increases Dividend

The firm also recently declared 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. The ex-dividend date 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 annualized dividend and a dividend yield of 1.75%. Berry Global Group’s payout ratio is 25.06%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BERY shares. Morgan Stanley started coverage on shares of Berry Global Group in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $76.00 price target on the stock. StockNews.com raised shares of Berry Global Group from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Truist Financial reissued a “hold” rating and issued a $72.00 target price (down previously from $74.00) on shares of Berry Global Group in a research report on Wednesday. Finally, Royal Bank of Canada boosted their target price on shares of Berry Global Group from $69.00 to $73.00 and gave the stock a “sector perform” rating in a research report on Thursday. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Berry Global Group currently has a consensus rating of “Hold” and a consensus price target of $72.22.

Insider Activity

In other Berry Global Group news, Director Evan Bayh sold 14,000 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $70.13, for a total transaction of $981,820.00. Following the completion of the transaction, the director now directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company 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.