Blue Trust Inc. Purchases 2,293 Shares of Berry Global Group, Inc. (NYSE:BERY)

Blue Trust Inc. raised its position in shares of Berry Global Group, Inc. (NYSE:BERY) by 149.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,829 shares of the industrial products company’s stock after buying an additional 2,293 shares during the quarter. Blue Trust Inc.’s holdings in Berry Global Group were worth $260,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Altshuler Shaham Ltd purchased a new position in shares of Berry Global Group in the second quarter valued at $27,000. Quest Partners LLC grew 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 worth $32,000 after buying an additional 548 shares in the last quarter. LRI Investments LLC grew its stake in shares of Berry Global Group by 1,309.1% in 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 in the 2nd quarter worth about $42,000. Finally, American Capital Advisory LLC purchased a new stake in shares of Berry Global Group during the 2nd quarter valued at about $44,000. Institutional investors own 95.36% of the company’s stock.

Insider Activity

In related news, Director Evan Bayh sold 14,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $70.13, for a total value 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.00% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on BERY. StockNews.com lowered Berry Global Group from a “buy” rating to a “hold” rating in a research report on Tuesday. Truist Financial lifted their target price on Berry Global Group from $68.00 to $74.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Morgan Stanley began coverage on Berry Global Group in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $76.00 price target for the company. Finally, 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. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $71.22.

Berry Global Group Stock Performance

Shares of Berry Global Group stock opened at $68.50 on Friday. Berry Global Group, Inc. has a 52 week low of $53.92 and a 52 week high of $70.86. The company has a market capitalization of $7.84 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 1.10 and a beta of 1.15. The stock’s fifty day moving average is $67.46 and its two-hundred day moving average is $62.80. 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 (NYSE:BERY) last posted its quarterly earnings results on Friday, August 2nd. The industrial products company reported $2.18 EPS 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 firm had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same period in the prior year, the business posted $1.90 earnings per share. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. As a group, analysts expect that Berry Global Group, Inc. will post 7.6 earnings per share for the current year.

Berry Global Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were given 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 was Tuesday, September 3rd. Berry Global Group’s dividend payout ratio (DPR) is presently 26.13%.

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.