Atria Investments Inc Acquires 1,945 Shares of Berry Global Group, Inc. (NYSE:BERY)

Atria Investments Inc grew its holdings in shares of Berry Global Group, Inc. (NYSE:BERY) by 4.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 42,512 shares of the industrial products company’s stock after purchasing an additional 1,945 shares during the period. Atria Investments Inc’s holdings in Berry Global Group were worth $2,890,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. EdgePoint Investment Group Inc. raised its holdings in Berry Global Group by 16.7% during the first quarter. EdgePoint Investment Group Inc. now owns 13,548,966 shares of the industrial products company’s stock worth $819,441,000 after acquiring an additional 1,934,137 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Berry Global Group by 10.2% during the 1st quarter. Vanguard Group Inc. now owns 12,931,050 shares of the industrial products company’s stock worth $782,070,000 after purchasing an additional 1,200,021 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Berry Global Group by 30.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,472,624 shares of the industrial products company’s stock worth $204,365,000 after purchasing an additional 807,211 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Berry Global Group by 280.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 798,092 shares of the industrial products company’s stock valued at $46,968,000 after buying an additional 588,114 shares during the last quarter. Finally, Eminence Capital LP grew its stake in shares of 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 valued at $159,751,000 after buying an additional 492,793 shares in the last quarter. 95.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related 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 transaction of $981,820.00. Following the transaction, the director now directly owns 30,228 shares of the company’s stock, valued at approximately $2,119,889.64. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.00% of the stock is currently owned by company insiders.

Berry Global Group Stock Performance

NYSE:BERY opened at $67.00 on Thursday. The stock has a 50 day simple moving average of $67.93 and a 200 day simple moving average of $63.95. The stock has a market cap of $7.68 billion, a P/E ratio of 14.32, a PEG ratio of 1.12 and a beta of 1.14. Berry Global Group, Inc. has a 1-year low of $54.06 and a 1-year high of $71.63. The company has a current ratio of 1.82, a quick ratio of 1.08 and a debt-to-equity ratio of 2.57.

Berry Global Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.31 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.85%. This is an increase from Berry Global Group’s previous quarterly dividend of $0.28. Berry Global Group’s dividend payout ratio (DPR) is currently 23.50%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BERY shares. Truist Financial upped their price target on shares of Berry Global Group from $68.00 to $74.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. UBS Group cut their target price 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 began coverage on Berry Global Group in a report on Wednesday, September 4th. They set an “equal weight” rating and a $76.00 price target for the company. Finally, StockNews.com initiated coverage on Berry Global Group in a research note on Thursday, November 7th. They issued a “hold” rating on the stock. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $71.22.

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.