State of New Jersey Common Pension Fund D Has $2.54 Million Stake in Berry Global Group, Inc. (NYSE:BERY)

State of New Jersey Common Pension Fund D cut its position in Berry Global Group, Inc. (NYSE:BERY) by 9.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,313 shares of the industrial products company’s stock after selling 3,774 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Berry Global Group were worth $2,537,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Altshuler Shaham Ltd bought a new position in Berry Global Group in the second quarter valued at approximately $27,000. Quest Partners LLC increased its stake in shares of Berry Global Group by 54,800.0% in the 2nd quarter. Quest Partners LLC now owns 549 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 548 shares during the last quarter. LRI Investments LLC raised its holdings in shares of Berry Global Group by 1,309.1% during the 2nd quarter. LRI Investments LLC now owns 620 shares of the industrial products company’s stock worth $36,000 after buying an additional 576 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Berry Global Group during the 2nd quarter worth $42,000. Finally, American Capital Advisory LLC acquired a new stake in Berry Global Group in the second quarter valued at about $44,000. Institutional investors own 95.36% of the company’s stock.

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 that occurred 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 completion of the transaction, the director now owns 30,228 shares in the company, valued at approximately $2,119,889.64. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.00% of the stock is currently owned by company insiders.

Berry Global Group Stock Down 1.3 %

Shares of NYSE:BERY opened at $67.00 on Thursday. The firm has a market cap of $7.68 billion, a P/E ratio of 14.32, a P/E/G ratio of 1.12 and a beta of 1.14. Berry Global Group, Inc. has a 12-month low of $54.06 and a 12-month high of $71.63. The business has a fifty day simple moving average of $67.93 and a 200 day simple moving average of $63.95. The company has a quick ratio of 1.08, a current ratio of 1.82 and a debt-to-equity ratio of 2.57.

Berry Global Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.31 dividend. 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 dividend yield of 1.85%. The ex-dividend date is Monday, December 2nd. Berry Global Group’s payout ratio is currently 23.50%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on BERY shares. Truist Financial increased their target price on shares of Berry Global Group from $68.00 to $74.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. UBS Group dropped their price objective on shares of Berry Global Group from $89.00 to $77.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Morgan Stanley assumed coverage on shares of Berry Global Group in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $76.00 target price on the stock. Finally, StockNews.com initiated coverage on Berry Global Group in a research note on Thursday, November 7th. They issued a “hold” rating for the company. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $71.22.

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.