Linden Thomas Advisory Services LLC Boosts Position in Berry Global Group, Inc. (NYSE:BERY)

Linden Thomas Advisory Services LLC lifted its holdings in shares of Berry Global Group, Inc. (NYSE:BERY) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,765 shares of the industrial products company’s stock after purchasing an additional 466 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Berry Global Group were worth $1,343,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. American Century Companies Inc. boosted its stake in Berry Global Group by 3.9% in the second quarter. American Century Companies Inc. now owns 21,004 shares of the industrial products company’s stock worth $1,236,000 after buying an additional 784 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in Berry Global Group in the second quarter worth approximately $381,000. Sei Investments Co. boosted its stake in Berry Global Group by 17.6% in the second quarter. Sei Investments Co. now owns 190,114 shares of the industrial products company’s stock worth $11,188,000 after buying an additional 28,509 shares in the last quarter. Squarepoint Ops LLC boosted its stake in Berry Global Group by 134.7% in the second quarter. Squarepoint Ops LLC now owns 72,862 shares of the industrial products company’s stock worth $4,288,000 after buying an additional 41,811 shares in the last quarter. Finally, Algert Global LLC purchased a new stake in Berry Global Group in the second quarter worth approximately $687,000. Hedge funds and other institutional investors own 95.36% of the company’s stock.

Berry Global Group Stock Down 0.3 %

Berry Global Group stock opened at $68.25 on Friday. The firm has a market cap of $7.90 billion, a price-to-earnings ratio of 15.55, a price-to-earnings-growth ratio of 1.44 and a beta of 1.16. The business’s 50-day moving average price is $67.60 and its 200 day moving average price is $66.84. The company has a quick ratio of 0.80, a current ratio of 1.25 and a debt-to-equity ratio of 2.08. Berry Global Group, Inc. has a 52 week low of $54.06 and a 52 week high of $73.31.

Berry Global Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.31 per share. This is an increase from Berry Global Group’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 1.82%. Berry Global Group’s dividend payout ratio (DPR) is presently 28.25%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BERY. StockNews.com began coverage on Berry Global Group in a research report on Monday, January 20th. They issued a “buy” rating for the company. Citigroup reiterated a “neutral” rating and issued a $76.00 price objective on shares of Berry Global Group in a research report on Monday, November 25th. 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 report on Wednesday, November 27th. Royal Bank of Canada upped their target price on Berry Global Group from $69.00 to $73.00 and gave the company a “sector perform” rating in a report on Thursday, November 21st. Finally, Truist Financial upped their target price on Berry Global Group from $72.00 to $74.00 and gave the company a “hold” rating in a report on Monday, January 6th. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Berry Global Group currently has an average rating of “Hold” and an average price target of $73.30.

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.