Crossmark Global Holdings Inc. Grows Stock Holdings in Berry Global Group, Inc. (NYSE:BERY)

Crossmark Global Holdings Inc. boosted its holdings in Berry Global Group, Inc. (NYSE:BERY) by 1.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 70,240 shares of the industrial products company’s stock after buying an additional 1,166 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Berry Global Group were worth $4,542,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. raised its stake in Berry Global Group by 89.0% during the 4th quarter. UMB Bank n.a. now owns 650 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 306 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Berry Global Group in the 3rd quarter valued at about $75,000. GAMMA Investing LLC lifted its holdings in shares of Berry Global Group by 332.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,181 shares of the industrial products company’s stock valued at $80,000 after purchasing an additional 908 shares during the last quarter. SG Americas Securities LLC purchased a new position in Berry Global Group during the 3rd quarter worth approximately $152,000. Finally, Merit Financial Group LLC acquired a new position in Berry Global Group during the fourth quarter worth approximately $200,000. 95.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BERY. Citigroup reissued a “neutral” rating and issued a $76.00 price objective on shares of Berry Global Group in a report on Monday, November 25th. JPMorgan Chase & Co. reissued an “overweight” rating and set a $76.00 price objective (up from $70.00) on shares of Berry Global Group in a research report on Monday, November 25th. StockNews.com began coverage on shares of Berry Global Group in a research note on Monday. They issued a “buy” rating on the stock. Royal Bank of Canada increased their target price on shares of Berry Global Group from $69.00 to $73.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 21st. Finally, Barclays boosted their price target 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. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $73.30.

Berry Global Group Trading Down 0.5 %

Shares of BERY stock opened at $68.09 on Thursday. The business’s fifty day moving average price is $67.53 and its 200 day moving average price is $66.71. The firm has a market capitalization of $7.88 billion, a PE ratio of 15.51, a P/E/G ratio of 1.43 and a beta of 1.16. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.25 and a quick ratio of 0.80. Berry Global Group, Inc. has a 1-year low of $54.06 and a 1-year 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 paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, December 2nd. This is a boost from Berry Global Group’s previous quarterly dividend of $0.28. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.82%. Berry Global Group’s dividend payout ratio is 28.25%.

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.