Y Intercept Hong Kong Ltd Makes New $440,000 Investment in Berry Global Group, Inc. (NYSE:BERY)

Y Intercept Hong Kong Ltd acquired a new stake in Berry Global Group, Inc. (NYSE:BERY) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,479 shares of the industrial products company’s stock, valued at approximately $440,000.

A number of other hedge funds have also made changes to their positions in the stock. EdgePoint Investment Group Inc. raised its position in Berry Global Group by 10.3% in the second quarter. EdgePoint Investment Group Inc. now owns 14,942,921 shares of the industrial products company’s stock worth $879,391,000 after acquiring an additional 1,393,955 shares in the last quarter. FMR LLC raised its holdings in shares of 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. Dimensional Fund Advisors LP lifted its stake in Berry Global Group by 30.3% during the second quarter. Dimensional Fund Advisors LP now owns 3,472,624 shares of the industrial products company’s stock valued at $204,365,000 after purchasing an additional 807,211 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Berry Global Group by 280.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 798,092 shares of the industrial products company’s stock worth $46,968,000 after buying an additional 588,114 shares in the last quarter. Finally, Eminence Capital LP grew its position in Berry Global Group by 22.2% in the second quarter. Eminence Capital LP now owns 2,714,539 shares of the industrial products company’s stock worth $159,751,000 after buying an additional 492,793 shares during the last quarter. Institutional investors and hedge funds own 95.36% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BERY shares. Morgan Stanley started coverage on Berry Global Group in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $76.00 price objective for the company. StockNews.com assumed coverage on Berry Global Group in a research report on Wednesday, December 11th. They issued a “buy” rating for the company. Citigroup reaffirmed a “neutral” rating and set a $76.00 price objective on shares of Berry Global Group in a research note on Monday, November 25th. UBS Group downgraded shares of Berry Global Group from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $82.00 to $75.00 in a research report on Friday, November 22nd. Finally, Truist Financial restated a “hold” rating and issued a $72.00 price target (down previously from $74.00) on shares of Berry Global Group in a research report on Wednesday, November 20th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $73.73.

Insider Transactions at Berry Global Group

In other Berry Global Group news, Director Evan Bayh sold 14,000 shares of Berry Global Group stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $70.13, for a total transaction of $981,820.00. Following the sale, the director now owns 30,228 shares in the company, valued at $2,119,889.64. The trade was a 31.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 4.00% of the company’s stock.

Berry Global Group Stock Down 0.5 %

Shares of BERY stock opened at $67.61 on Tuesday. The stock has a 50 day moving average of $69.07 and a 200-day moving average of $65.63. 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 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 business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a $0.31 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This is an increase 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%.

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.