6,006 Shares in Berry Global Group, Inc. (NYSE:BERY) Bought by Raymond James Trust N.A.

Raymond James Trust N.A. purchased a new stake in Berry Global Group, Inc. (NYSE:BERY) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 6,006 shares of the industrial products company’s stock, valued at approximately $408,000.

Several other hedge funds and other institutional investors have also made changes to their positions in BERY. EdgePoint Investment Group Inc. increased its stake in shares of 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 buying an additional 1,934,137 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Berry Global Group by 30.3% in the 2nd 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 increased its position 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 purchasing an additional 588,114 shares during the last quarter. Eminence Capital LP raised its holdings in shares of Berry Global Group by 22.2% in the 2nd quarter. Eminence Capital LP now owns 2,714,539 shares of the industrial products company’s stock valued at $159,751,000 after purchasing an additional 492,793 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Berry Global Group during the 2nd quarter worth $25,688,000. Hedge funds and other institutional investors own 95.36% of the company’s stock.

Berry Global Group Stock Performance

Shares of BERY opened at $70.73 on Wednesday. The stock has a market capitalization of $8.11 billion, a P/E ratio of 16.11, a P/E/G ratio of 1.40 and a beta of 1.14. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.26 and a current ratio of 0.41. Berry Global Group, Inc. has a 1 year low of $54.06 and a 1 year high of $73.31. The company’s fifty day moving average is $68.30 and its two-hundred day moving average is $64.53.

Berry Global Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.75%. This is a positive change from Berry Global Group’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, December 2nd. Berry Global Group’s payout ratio is 25.06%.

Insider Buying and Selling

In related news, Director Evan Bayh sold 14,000 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $70.13, for a total transaction of $981,820.00. Following the transaction, the director now owns 30,228 shares of the company’s stock, valued at $2,119,889.64. This represents a 31.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 4.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Citigroup reissued a “neutral” rating and issued a $76.00 target price on shares of Berry Global Group in a report on Monday. StockNews.com raised shares of Berry Global Group from a “hold” rating to a “buy” rating in a report on Monday. Truist Financial reiterated a “hold” rating and set a $72.00 target price (down previously from $74.00) on shares of Berry Global Group in a research report on Wednesday, November 20th. UBS Group cut Berry Global Group from a “buy” rating to a “neutral” rating and decreased their target price for the company from $82.00 to $75.00 in a research report on Friday, November 22nd. Finally, Royal Bank of Canada boosted their price objective 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 four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $72.73.

Berry Global Group 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.