SG Americas Securities LLC Takes $152,000 Position in Berry Global Group, Inc. (NYSE:BERY)

SG Americas Securities LLC bought a new stake in shares of Berry Global Group, Inc. (NYSE:BERY) during the 3rd quarter, HoldingsChannel.com reports. The firm bought 2,239 shares of the industrial products company’s stock, valued at approximately $152,000.

Several other institutional investors have also made changes to their positions in BERY. Wealth Enhancement Advisory Services LLC boosted its position in shares of Berry Global Group by 3.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 16,885 shares of the industrial products company’s stock valued at $1,021,000 after acquiring an additional 487 shares in the last quarter. State of Michigan Retirement System boosted its position in shares of Berry Global Group by 0.7% during the 1st quarter. State of Michigan Retirement System now owns 28,500 shares of the industrial products company’s stock valued at $1,724,000 after acquiring an additional 200 shares in the last quarter. Norden Group LLC acquired a new stake in shares of Berry Global Group during the 1st quarter valued at about $259,000. Leeward Investments LLC MA lifted its holdings in Berry Global Group by 4.9% during the 1st quarter. Leeward Investments LLC MA now owns 173,826 shares of the industrial products company’s stock valued at $10,513,000 after purchasing an additional 8,185 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in Berry Global Group by 15.5% during the 1st quarter. Commonwealth Equity Services LLC now owns 9,711 shares of the industrial products company’s stock valued at $587,000 after purchasing an additional 1,302 shares during the last quarter. 95.36% of the stock is currently owned by institutional investors and hedge funds.

Berry Global Group Trading Up 0.5 %

Shares of NYSE BERY opened at $68.50 on Friday. Berry Global Group, Inc. has a 1-year low of $53.92 and a 1-year high of $70.86. The company has a market cap of $7.84 billion, a PE ratio of 16.27, a P/E/G ratio of 1.10 and a beta of 1.15. The company has a current ratio of 1.82, a quick ratio of 1.08 and a debt-to-equity ratio of 2.57. The company has a 50-day moving average of $67.46 and a two-hundred day moving average of $62.80.

Berry Global Group (NYSE:BERY) last announced its earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.16. Berry Global Group had a net margin of 4.55% and a return on equity of 27.32%. The company had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same period in the previous year, the firm posted $1.90 earnings per share. The company’s revenue was down 2.1% on a year-over-year basis. As a group, equities analysts expect that Berry Global Group, Inc. will post 7.6 earnings per share for the current fiscal year.

Berry Global Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Tuesday, September 3rd. Berry Global Group’s dividend payout ratio (DPR) is 26.13%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. UBS Group cut their price target on shares of Berry Global Group from $89.00 to $77.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. StockNews.com downgraded shares of Berry Global Group from a “buy” rating to a “hold” rating in a report on Tuesday. Morgan Stanley assumed coverage on shares of 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, Truist Financial lifted their price target on shares of Berry Global Group from $68.00 to $74.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $71.22.

Insider Buying and Selling

In related news, Director Evan Bayh sold 14,000 shares of the business’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 sale, the director now directly owns 30,228 shares of the company’s stock, valued at $2,119,889.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 4.00% of the stock is currently owned by insiders.

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.