Berry Global Group, Inc. (NYSE:BERY) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP lessened its holdings in Berry Global Group, Inc. (NYSE:BERY) by 64.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,256 shares of the industrial products company’s stock after selling 89,492 shares during the quarter. Bridgewater Associates LP’s holdings in Berry Global Group were worth $3,416,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Altshuler Shaham Ltd acquired a new stake in Berry Global Group during the 2nd quarter worth $27,000. Quest Partners LLC increased its position in shares of Berry Global Group by 54,800.0% during the second quarter. Quest Partners LLC now owns 549 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 548 shares in the last quarter. LRI Investments LLC lifted its holdings in shares of 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 purchasing an additional 576 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Berry Global Group in the 2nd quarter valued at about $42,000. Finally, American Capital Advisory LLC purchased a new position in Berry Global Group during the 2nd quarter worth approximately $44,000. 95.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on BERY shares. Barclays boosted their price objective on Berry Global Group from $64.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday. StockNews.com raised Berry Global Group from a “hold” rating to a “buy” rating in a research note on Monday, November 25th. Truist Financial reiterated a “hold” rating and issued a $72.00 target price (down from $74.00) on shares of Berry Global Group in a research note on Wednesday, November 20th. 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 note on Monday, November 25th. Finally, Morgan Stanley assumed 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 target price on the stock. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $73.73.

Berry Global Group Stock Performance

NYSE BERY opened at $72.31 on Friday. The company has a quick ratio of 0.26, a current ratio of 1.25 and a debt-to-equity ratio of 2.08. Berry Global Group, Inc. has a fifty-two week low of $54.06 and a fifty-two week high of $73.31. The business has a fifty day moving average of $68.62 and a 200-day moving average of $64.79. The stock has a market cap of $8.29 billion, a price-to-earnings ratio of 16.47, a price-to-earnings-growth ratio of 1.43 and a beta of 1.14.

Berry Global Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.31 dividend. This is an increase from Berry Global Group’s previous quarterly dividend of $0.28. The ex-dividend date is Monday, December 2nd. This represents a $1.24 annualized dividend and a yield of 1.71%. Berry Global Group’s payout ratio is presently 28.25%.

Insider Buying and Selling 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 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 directly owns 30,228 shares in the company, valued at approximately $2,119,889.64. The trade was a 31.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 4.00% of the stock is owned by insiders.

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.