Berry Global Group, Inc. (NYSE:BERY) Shares Sold by Stifel Financial Corp

Stifel Financial Corp lowered its position in shares of Berry Global Group, Inc. (NYSE:BERY) by 3.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,850 shares of the industrial products company’s stock after selling 521 shares during the quarter. Stifel Financial Corp’s holdings in Berry Global Group were worth $874,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Altshuler Shaham Ltd purchased a new position in shares of Berry Global Group during the 2nd quarter worth $27,000. Quest Partners LLC lifted its position 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 worth $32,000 after buying an additional 548 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in Berry Global Group in the 2nd quarter worth about $42,000. American Capital Advisory LLC acquired a new stake in Berry Global Group in the 2nd quarter worth about $44,000. Finally, Capital Performance Advisors LLP purchased a new stake in Berry Global Group in the 3rd quarter valued at about $75,000. Institutional investors and hedge funds own 95.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on BERY shares. Royal Bank of Canada boosted their target price on shares of Berry Global Group from $69.00 to $73.00 and gave the company a “sector perform” rating in a report on Thursday, November 21st. Citigroup reissued a “neutral” rating and set a $76.00 price objective on shares of Berry Global Group in a research note on Monday, November 25th. Barclays increased their target price on Berry Global Group from $64.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. UBS Group downgraded Berry Global Group from a “buy” rating to a “neutral” rating and lowered their price target for the company from $82.00 to $75.00 in a research report on Friday, November 22nd. Finally, StockNews.com began coverage on Berry Global Group in a research note on Thursday, December 19th. They set a “buy” rating for the company. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $73.40.

Berry Global Group Price Performance

Shares of BERY opened at $65.16 on Wednesday. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.25 and a quick ratio of 0.80. The company has a market cap of $7.51 billion, a P/E ratio of 14.84, a PEG ratio of 1.38 and a beta of 1.14. Berry Global Group, Inc. has a 12 month low of $54.06 and a 12 month high of $73.31. The stock has a fifty day moving average price of $68.71 and a 200 day moving average price of $65.81.

Berry Global Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.90%. This is a positive change from Berry Global Group’s previous quarterly dividend of $0.28. The ex-dividend date was Monday, December 2nd. Berry Global Group’s dividend payout ratio (DPR) is 28.25%.

Insider Activity 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 value of $981,820.00. Following the completion of the sale, the director now owns 30,228 shares in the company, valued at $2,119,889.64. This represents a 31.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 4.00% of the company’s stock.

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.