GAMMA Investing LLC Sells 157 Shares of Berry Global Group, Inc. (NYSE:BERY)

GAMMA Investing LLC decreased its stake in shares of Berry Global Group, Inc. (NYSE:BERY) by 13.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,024 shares of the industrial products company’s stock after selling 157 shares during the period. GAMMA Investing LLC’s holdings in Berry Global Group were worth $66,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in BERY. Geode Capital Management LLC grew its holdings in Berry Global Group by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,982,517 shares of the industrial products company’s stock valued at $134,806,000 after purchasing an additional 27,437 shares during the last quarter. Hancock Whitney Corp acquired a new position in Berry Global Group in the 3rd quarter valued at $1,065,000. Integrated Investment Consultants LLC acquired a new position in Berry Global Group in the 3rd quarter valued at $714,000. Allspring Global Investments Holdings LLC raised its holdings in Berry Global Group by 4.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 835,334 shares of the industrial products company’s stock worth $56,786,000 after acquiring an additional 37,242 shares during the period. Finally, Mercer Global Advisors Inc. ADV lifted its position in Berry Global Group by 370.0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 114,868 shares of the industrial products company’s stock worth $6,760,000 after acquiring an additional 90,428 shares during the last quarter. 95.36% of the stock is owned by institutional investors.

Insider Activity at Berry Global Group

In other Berry Global Group 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 sale, the director now directly 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 legal filing with the SEC, which is available at this hyperlink. 4.00% of the stock is currently owned by insiders.

Berry Global Group Stock Down 1.3 %

Shares of BERY stock opened at $65.41 on Monday. Berry Global Group, Inc. has a one year low of $54.06 and a one year high of $73.31. 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 stock has a fifty day moving average price of $67.56 and a 200 day moving average price of $66.23. The stock has a market cap of $7.54 billion, a P/E ratio of 14.90, a price-to-earnings-growth ratio of 1.38 and a beta of 1.16.

Berry Global Group Increases Dividend

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on BERY. StockNews.com started coverage on Berry Global Group in a research report on Sunday. They issued a “buy” rating on the stock. Citigroup reaffirmed a “neutral” rating and issued a $76.00 target price on shares of Berry Global Group in a report on Monday, November 25th. Royal Bank of Canada lifted their price target on Berry Global Group from $69.00 to $73.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 21st. Barclays increased their price objective on Berry Global Group from $64.00 to $75.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Finally, Truist Financial raised their price objective on shares of Berry Global Group from $72.00 to $74.00 and gave the stock a “hold” rating in a research note on Monday, January 6th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $73.30.

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.