Berry Global Group, Inc. (NYSE:BERY) Shares Sold by FORA Capital LLC

FORA Capital LLC lessened its stake in shares of Berry Global Group, Inc. (NYSE:BERY) by 60.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,347 shares of the industrial products company’s stock after selling 12,610 shares during the quarter. FORA Capital LLC’s holdings in Berry Global Group were worth $567,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BERY. Price T Rowe Associates Inc. MD lifted its position in Berry Global Group by 6.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 89,114 shares of the industrial products company’s stock valued at $5,390,000 after acquiring an additional 5,731 shares during the last quarter. Tidal Investments LLC increased its position in shares of Berry Global Group by 9.5% during the first quarter. Tidal Investments LLC now owns 15,890 shares of the industrial products company’s stock worth $961,000 after purchasing an additional 1,372 shares in the last quarter. Comerica Bank lifted its holdings in shares of Berry Global Group by 3.4% in the 1st quarter. Comerica Bank now owns 91,867 shares of the industrial products company’s stock valued at $5,556,000 after purchasing an additional 3,055 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Berry Global Group in the 1st quarter valued at about $691,000. Finally, Atria Investments Inc boosted its position in shares of Berry Global Group by 1.9% in the 1st quarter. Atria Investments Inc now owns 77,902 shares of the industrial products company’s stock valued at $4,712,000 after purchasing an additional 1,437 shares during the period. Institutional investors and hedge funds own 95.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on BERY shares. Citigroup reiterated a “neutral” rating and issued a $76.00 price objective on shares of Berry Global Group in a research note on Monday. Royal Bank of Canada upped their price target on shares of Berry Global Group from $69.00 to $73.00 and gave the company a “sector perform” rating in a research report on Thursday, November 21st. Morgan Stanley assumed 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 for the company. UBS Group lowered shares of Berry Global Group from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $82.00 to $75.00 in a research note on Friday, November 22nd. Finally, StockNews.com raised shares of Berry Global Group from a “hold” rating to a “buy” rating in a report on Monday. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $73.73.

Insider Buying and Selling at Berry Global Group

In other Berry Global Group news, Director Evan Bayh sold 14,000 shares of the stock in a transaction dated Tuesday, October 15th. The shares were 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 of the company’s stock, valued at approximately $2,119,889.64. This trade represents a 31.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.00% of the stock is owned by corporate insiders.

Berry Global Group Price Performance

Shares of BERY opened at $71.57 on Friday. The company has a current ratio of 0.41, a quick ratio of 0.26 and a debt-to-equity ratio of 2.57. The stock’s 50 day moving average is $68.45 and its two-hundred day moving average is $64.65. Berry Global Group, Inc. has a twelve month low of $54.06 and a twelve month high of $73.31. The firm has a market capitalization of $8.20 billion, a PE ratio of 16.30, a P/E/G ratio of 1.42 and a beta of 1.14.

Berry Global Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.31 dividend. This is a boost from Berry Global Group’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.24 annualized dividend and a yield of 1.73%. Berry Global Group’s dividend payout ratio is presently 25.06%.

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.