apricus wealth LLC Raises Stock Holdings in Berry Global Group, Inc. (NYSE:BERY)

apricus wealth LLC lifted its holdings in shares of Berry Global Group, Inc. (NYSE:BERY) by 3.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,116 shares of the industrial products company’s stock after acquiring an additional 1,145 shares during the quarter. apricus wealth LLC’s holdings in Berry Global Group were worth $2,142,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of BERY. UMB Bank n.a. boosted its stake in Berry Global Group by 89.0% during the fourth quarter. UMB Bank n.a. now owns 650 shares of the industrial products company’s stock valued at $42,000 after buying an additional 306 shares during the period. Capital Performance Advisors LLP bought a new stake in Berry Global Group during the third quarter valued at $75,000. GAMMA Investing LLC boosted its stake in Berry Global Group by 332.6% during the third quarter. GAMMA Investing LLC now owns 1,181 shares of the industrial products company’s stock valued at $80,000 after buying an additional 908 shares during the period. SG Americas Securities LLC bought a new stake in Berry Global Group during the third quarter valued at $152,000. Finally, Merit Financial Group LLC bought a new stake in Berry Global Group during the fourth quarter valued at $200,000. 95.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on BERY shares. JPMorgan Chase & Co. restated an “overweight” rating and set a $76.00 price target (up previously from $70.00) on shares of Berry Global Group in a research report on Monday, November 25th. Barclays lifted their price objective on Berry Global Group from $64.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Truist Financial lifted their price objective on Berry Global Group from $72.00 to $74.00 and gave the stock a “hold” rating in a report on Monday, January 6th. UBS Group decreased their price objective on Berry Global Group from $75.00 to $72.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Finally, Citigroup reiterated a “neutral” rating and issued a $76.00 price objective on shares of Berry Global Group in a report on Monday, November 25th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $73.30.

Berry Global Group Price Performance

Shares of BERY opened at $68.25 on Friday. The firm has a market cap of $7.90 billion, a PE ratio of 15.55, a P/E/G ratio of 1.44 and a beta of 1.16. The company has a current ratio of 1.25, a quick ratio of 0.80 and a debt-to-equity ratio of 2.08. The firm has a fifty day simple moving average of $67.60 and a two-hundred day simple moving average of $66.78. Berry Global Group, Inc. has a 1-year low of $54.06 and a 1-year high of $73.31.

Berry Global Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.82%. This is a positive change from Berry Global Group’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, December 2nd. Berry Global Group’s dividend payout ratio is 28.25%.

Berry Global Group 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.