Jeppson Wealth Management LLC Cuts Stock Holdings in Berry Global Group, Inc. (NYSE:BERY)

Jeppson Wealth Management LLC decreased its position in Berry Global Group, Inc. (NYSE:BERY) by 5.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,930 shares of the industrial products company’s stock after selling 210 shares during the quarter. Jeppson Wealth Management LLC’s holdings in Berry Global Group were worth $254,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in BERY. FMR LLC grew its position in Berry Global Group by 38.4% in the 3rd quarter. FMR LLC now owns 3,807,317 shares of the industrial products company’s stock worth $258,821,000 after purchasing an additional 1,055,756 shares in the last quarter. State Street Corp boosted its stake in shares of Berry Global Group by 10.4% in the 3rd quarter. State Street Corp now owns 3,831,824 shares of the industrial products company’s stock worth $260,487,000 after buying an additional 360,857 shares during the last quarter. Goldentree Asset Management LP bought a new position in shares of Berry Global Group in the third quarter valued at approximately $24,288,000. EdgePoint Investment Group Inc. increased its position in shares of Berry Global Group by 2.2% during the third quarter. EdgePoint Investment Group Inc. now owns 15,279,107 shares of the industrial products company’s stock valued at $1,038,674,000 after acquiring an additional 336,186 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its holdings in Berry Global Group by 219.0% during the third quarter. Rockefeller Capital Management L.P. now owns 437,041 shares of the industrial products company’s stock worth $29,710,000 after acquiring an additional 300,059 shares during the period. Hedge funds and other institutional investors own 95.36% of the company’s stock.

Berry Global Group Stock Performance

NYSE:BERY opened at $69.19 on Tuesday. The business’s fifty day moving average is $67.65 and its 200 day moving average is $66.95. The firm has a market cap of $8.01 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 1.44 and a beta of 1.16. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.80 and a current ratio of 1.25. 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 declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.31 per share. The ex-dividend date was Monday, December 2nd. This is a boost from Berry Global Group’s previous quarterly dividend of $0.28. This represents a $1.24 annualized dividend and a dividend yield of 1.79%. Berry Global Group’s dividend payout ratio is currently 28.25%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on BERY shares. Barclays upped 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, November 27th. UBS Group decreased their price objective on shares of Berry Global Group from $75.00 to $72.00 and set a “neutral” rating for the company in a report on Friday, January 10th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $76.00 price objective (up previously from $70.00) on shares of Berry Global Group in a research report on Monday, November 25th. Royal Bank of Canada increased their target price 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. Finally, StockNews.com started coverage on Berry Global Group in a research note on Tuesday. They issued a “buy” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Berry Global Group currently has a consensus rating of “Hold” and an average target price 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.