Dakota Wealth Management Boosts Stake in Berry Global Group, Inc. (NYSE:BERY)

Dakota Wealth Management increased its stake in Berry Global Group, Inc. (NYSE:BERY) by 26.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,770 shares of the industrial products company’s stock after acquiring an additional 6,600 shares during the period. Dakota Wealth Management’s holdings in Berry Global Group were worth $2,160,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its stake in shares of Berry Global Group by 3.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 16,885 shares of the industrial products company’s stock worth $1,021,000 after acquiring an additional 487 shares in the last quarter. State of Michigan Retirement System lifted its stake in Berry Global Group by 0.7% in the first quarter. State of Michigan Retirement System now owns 28,500 shares of the industrial products company’s stock worth $1,724,000 after purchasing an additional 200 shares during the last quarter. Norden Group LLC purchased a new stake in Berry Global Group during the first quarter valued at about $259,000. Leeward Investments LLC MA grew its stake in shares of Berry Global Group by 4.9% during the first quarter. Leeward Investments LLC MA now owns 173,826 shares of the industrial products company’s stock valued at $10,513,000 after buying an additional 8,185 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in shares of Berry Global Group by 15.5% in the first quarter. Commonwealth Equity Services LLC now owns 9,711 shares of the industrial products company’s stock worth $587,000 after buying an additional 1,302 shares during the period. Institutional investors own 95.36% of the company’s stock.

Insider Activity

In related news, Director Evan Bayh sold 14,000 shares of Berry Global Group 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 completion of the transaction, the director now directly owns 30,228 shares of the company’s stock, valued at $2,119,889.64. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 4.00% of the company’s stock.

Berry Global Group Trading Down 0.8 %

Shares of BERY opened at $67.97 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 current ratio of 1.82, a quick ratio of 1.08 and a debt-to-equity ratio of 2.57. The firm’s 50-day moving average price is $67.52 and its 200-day moving average price is $62.88. The firm has a market capitalization of $7.78 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 1.10 and a beta of 1.15.

Berry Global Group (NYSE:BERY) last posted 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. The firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.26 billion. Berry Global Group had a return on equity of 27.32% and a net margin of 4.55%. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.90 EPS. Sell-side analysts anticipate that Berry Global Group, Inc. will post 7.6 EPS for the current year.

Berry Global Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date was Tuesday, September 3rd. Berry Global Group’s dividend payout ratio (DPR) is presently 26.13%.

Wall Street Analyst Weigh In

BERY has been the topic of several recent research reports. Morgan Stanley began coverage on Berry Global Group in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $76.00 price target on the stock. Truist Financial raised their target price on shares of Berry Global Group from $68.00 to $74.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. StockNews.com lowered shares of Berry Global Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Finally, UBS Group cut their price target on shares of Berry Global Group from $89.00 to $77.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Berry Global Group has a consensus rating of “Hold” and a consensus price target of $71.22.

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.