Berry Global Group (NYSE:BERY) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Berry Global Group (NYSE:BERY) in a research report report published on Saturday. The brokerage issued a buy rating on the industrial products company’s stock.

A number of other research firms have also recently commented on BERY. Truist Financial reiterated a “hold” rating and issued a $72.00 target price (down from $74.00) on shares of Berry Global Group in a research note on Wednesday, November 20th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $76.00 price objective (up from $70.00) on shares of Berry Global Group in a research note on Monday, November 25th. Citigroup reissued a “neutral” rating and issued a $76.00 target price on shares of Berry Global Group in a research report on Monday, November 25th. UBS Group lowered Berry Global Group from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $82.00 to $75.00 in a research note on Friday, November 22nd. Finally, Royal Bank of Canada boosted their price target on Berry Global Group from $69.00 to $73.00 and gave the company a “sector perform” rating in a research note on Thursday, November 21st. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Berry Global Group presently has an average rating of “Hold” and a consensus target price of $73.60.

Berry Global Group Price Performance

Shares of NYSE BERY opened at $65.19 on Friday. Berry Global Group has a fifty-two week low of $54.06 and a fifty-two week high of $73.31. The company has a market cap of $7.51 billion, a PE ratio of 14.85, a P/E/G ratio of 1.38 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. The business has a 50-day simple moving average of $67.91 and a two-hundred day simple moving average of $66.12.

Berry Global Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.90%. This is a positive change from Berry Global Group’s previous quarterly dividend of $0.28. The ex-dividend date was Monday, December 2nd. Berry Global Group’s dividend payout ratio (DPR) is 28.25%.

Insider Buying and Selling 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 value of $981,820.00. Following the completion of the transaction, the director now owns 30,228 shares of the company’s stock, valued at approximately $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 accessible through this link. 4.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Berry Global Group

A number of institutional investors have recently modified their holdings of BERY. Commonwealth Equity Services LLC boosted its position in Berry Global Group by 7.7% during the second quarter. Commonwealth Equity Services LLC now owns 10,459 shares of the industrial products company’s stock worth $616,000 after purchasing an additional 748 shares in the last quarter. Natixis Advisors LLC lifted its holdings in Berry Global Group by 5.5% during the second quarter. Natixis Advisors LLC now owns 57,170 shares of the industrial products company’s stock valued at $3,364,000 after purchasing an additional 2,997 shares in the last quarter. Foster & Motley Inc. acquired a new stake in shares of Berry Global Group in the second quarter valued at about $430,000. National Bank of Canada FI increased its stake in shares of Berry Global Group by 3.1% during the second quarter. National Bank of Canada FI now owns 26,725 shares of the industrial products company’s stock worth $1,553,000 after purchasing an additional 794 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Berry Global Group by 79.5% during the second quarter. Victory Capital Management Inc. now owns 69,899 shares of the industrial products company’s stock worth $4,114,000 after purchasing an additional 30,949 shares in the last quarter. 95.36% of the stock is currently owned by institutional investors and hedge funds.

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.