Berry Global Group, Inc. (NYSE:BERY) Shares Sold by EMC Capital Management

EMC Capital Management reduced its stake in shares of Berry Global Group, Inc. (NYSE:BERY) by 79.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,311 shares of the industrial products company’s stock after selling 16,534 shares during the quarter. EMC Capital Management’s holdings in Berry Global Group were worth $279,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EdgePoint Investment Group Inc. raised its stake in shares of Berry Global Group by 2.2% in the third quarter. EdgePoint Investment Group Inc. now owns 15,279,107 shares of the industrial products company’s stock worth $1,038,674,000 after purchasing an additional 336,186 shares during the last quarter. State Street Corp increased its holdings in Berry Global Group by 10.4% in the 3rd quarter. State Street Corp now owns 3,831,824 shares of the industrial products company’s stock worth $260,487,000 after buying an additional 360,857 shares during the period. FMR LLC raised its position in Berry Global Group by 38.4% during the 3rd quarter. FMR LLC now owns 3,807,317 shares of the industrial products company’s stock worth $258,821,000 after buying an additional 1,055,756 shares during the last quarter. Geode Capital Management LLC lifted its stake in Berry Global Group by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,982,517 shares of the industrial products company’s stock valued at $134,806,000 after acquiring an additional 27,437 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Berry Global Group by 2.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 835,915 shares of the industrial products company’s stock valued at $56,826,000 after acquiring an additional 18,736 shares during the last quarter. Institutional investors and hedge funds own 95.36% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on BERY shares. Barclays raised their target price on shares of Berry Global Group from $64.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. 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. StockNews.com started coverage on Berry Global Group in a research note on Tuesday. They issued a “buy” rating on the stock. Truist Financial lifted their price target on Berry Global Group from $72.00 to $74.00 and gave the company a “hold” rating in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a $76.00 price objective (up previously from $70.00) on shares of Berry Global Group in a research report on Monday, November 25th. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $73.30.

Berry Global Group Price Performance

Berry Global Group stock traded down $0.05 during trading on Thursday, reaching $68.21. The company had a trading volume of 25,674 shares, compared to its average volume of 1,122,314. The firm has a market capitalization of $7.89 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 1.44 and a beta of 1.16. The firm’s 50-day simple moving average is $67.69 and its 200 day simple moving average is $67.01. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.80 and a current ratio of 1.25. Berry Global Group, Inc. has a 1-year low of $54.06 and a 1-year high of $73.31.

Berry Global Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.82%. Berry Global Group’s dividend payout ratio (DPR) is 28.25%.

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.