US Bancorp DE Has $253,000 Stake in Berry Global Group, Inc. (NYSE:BERY)

US Bancorp DE grew its holdings in shares of Berry Global Group, Inc. (NYSE:BERY) by 9.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,725 shares of the industrial products company’s stock after purchasing an additional 311 shares during the quarter. US Bancorp DE’s holdings in Berry Global Group were worth $253,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Altshuler Shaham Ltd acquired a new stake in shares of Berry Global Group in the second quarter worth $27,000. Quest Partners LLC boosted its holdings in Berry Global Group by 54,800.0% during the second quarter. Quest Partners LLC now owns 549 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 548 shares during the period. LRI Investments LLC boosted its holdings in Berry Global Group by 1,309.1% during the second quarter. LRI Investments LLC now owns 620 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 576 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in shares of Berry Global Group in the second quarter valued at about $42,000. Finally, American Capital Advisory LLC bought a new position in shares of Berry Global Group in the second quarter worth about $44,000. Institutional investors and hedge funds own 95.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BERY. Morgan Stanley began coverage on 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. StockNews.com started coverage on shares of Berry Global Group in a research note on Thursday, November 7th. They set a “hold” rating for the company. UBS Group dropped their price objective 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. Finally, Truist Financial increased their target price on shares of Berry Global Group from $68.00 to $74.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Berry Global Group has an average rating of “Hold” and an average target price of $71.22.

Insider Buying and Selling at Berry Global Group

In other 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 4.00% of the company’s stock.

Berry Global Group Stock Performance

NYSE:BERY opened at $67.00 on Thursday. The stock has a market capitalization of $7.68 billion, a P/E ratio of 14.32, a price-to-earnings-growth ratio of 1.12 and a beta of 1.14. The company has a current ratio of 1.82, a quick ratio of 1.08 and a debt-to-equity ratio of 2.57. Berry Global Group, Inc. has a 1 year low of $54.06 and a 1 year high of $71.63. The firm has a 50 day moving average of $67.93 and a 200-day moving average of $63.95.

Berry Global Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.31 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 1.85%. This is a positive change from Berry Global Group’s previous quarterly dividend of $0.28. Berry Global Group’s dividend payout ratio is currently 23.50%.

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.