Berry Global Group, Inc. (NYSE:BERY) Shares Acquired by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC lifted its position in shares of Berry Global Group, Inc. (NYSE:BERY) by 2.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,927 shares of the industrial products company’s stock after purchasing an additional 666 shares during the period. EverSource Wealth Advisors LLC’s holdings in Berry Global Group were worth $1,966,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Altshuler Shaham Ltd purchased a new stake in shares of Berry Global Group during the 2nd quarter worth approximately $27,000. Quest Partners LLC raised its holdings in Berry Global Group by 54,800.0% in the 2nd quarter. Quest Partners LLC now owns 549 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 548 shares during the last quarter. LRI Investments LLC raised its holdings in 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 acquiring an additional 576 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Berry Global Group in the 2nd quarter valued at $42,000. Finally, American Capital Advisory LLC acquired a new stake in shares of Berry Global Group during the 2nd quarter worth $44,000. Institutional investors and hedge funds own 95.36% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. StockNews.com upgraded Berry Global Group from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Truist Financial reissued a “hold” rating and issued a $72.00 price objective (down from $74.00) on shares of Berry Global Group in a research report on Wednesday. Finally, Morgan Stanley began coverage on shares of Berry Global Group in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $76.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $71.00.

Berry Global Group Trading Up 4.3 %

Shares of NYSE:BERY opened at $69.01 on Thursday. The firm has a fifty day moving average of $67.99 and a two-hundred day moving average of $64.27. The firm has a market capitalization of $7.91 billion, a P/E ratio of 15.72, a price-to-earnings-growth ratio of 1.10 and a beta of 1.14. Berry Global Group, Inc. has a 12-month low of $54.06 and a 12-month high of $72.50. The company has a quick ratio of 1.08, a current ratio of 1.82 and a debt-to-equity ratio of 2.57.

Berry Global Group Increases Dividend

The business also recently announced 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. The ex-dividend date is Monday, December 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.80%. This is a positive change from Berry Global Group’s previous quarterly dividend of $0.28. Berry Global Group’s dividend payout ratio (DPR) is 28.25%.

Insider Activity at Berry Global Group

In other Berry Global Group news, Director Evan Bayh sold 14,000 shares of the business’s stock in a transaction on 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 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.00% of the stock is owned by company insiders.

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.