Tidal Investments LLC Has $2.13 Million Holdings in Berry Global Group, Inc. (NYSE:BERY)

Tidal Investments LLC raised its position in shares of Berry Global Group, Inc. (NYSE:BERY) by 71.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,325 shares of the industrial products company’s stock after acquiring an additional 13,004 shares during the period. Tidal Investments LLC’s holdings in Berry Global Group were worth $2,129,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in BERY. Altshuler Shaham Ltd bought a new stake in Berry Global Group during the 2nd quarter valued at approximately $27,000. Quest Partners LLC lifted its holdings 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 buying an additional 548 shares during the last quarter. LRI Investments LLC boosted its position in shares of Berry Global Group by 1,309.1% in the second 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 period. DekaBank Deutsche Girozentrale acquired a new stake in shares of Berry Global Group in the second quarter worth $42,000. Finally, American Capital Advisory LLC bought a new position in Berry Global Group during the second quarter worth $44,000. 95.36% of the stock is owned by institutional investors and hedge funds.

Berry Global Group Price Performance

NYSE:BERY opened at $67.61 on Tuesday. The firm has a market cap of $7.79 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. The company’s 50-day moving average price is $69.07 and its two-hundred day moving average price is $65.63. 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 12 month low of $54.06 and a 12 month high of $73.31.

Berry Global Group Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Monday, December 2nd. This is a positive change from Berry Global Group’s previous quarterly dividend of $0.28. This represents a $1.24 dividend on an annualized basis and a yield of 1.83%. Berry Global Group’s dividend payout ratio is 28.25%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. UBS Group lowered shares of Berry Global Group from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $82.00 to $75.00 in a research report on Friday, November 22nd. Royal Bank of Canada lifted their target price on Berry Global Group from $69.00 to $73.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $76.00 price target (up previously from $70.00) on shares of Berry Global Group in a report on Monday, November 25th. Truist Financial reissued a “hold” rating and set a $72.00 price objective (down previously from $74.00) on shares of Berry Global Group in a report on Wednesday, November 20th. Finally, Barclays upped their target price 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. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $73.73.

Insider Activity at Berry Global Group

In other Berry Global Group news, Director Evan Bayh sold 14,000 shares of the firm’s 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 sale, the director now owns 30,228 shares in the company, valued at approximately $2,119,889.64. This trade represents a 31.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 4.00% of the company’s stock.

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.