Berry Global Group, Inc. (NYSE:BERY) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC increased its holdings in Berry Global Group, Inc. (NYSE:BERY) by 333.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,697 shares of the industrial products company’s stock after acquiring an additional 7,458 shares during the quarter. SG Americas Securities LLC’s holdings in Berry Global Group were worth $627,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Hsbc Holdings PLC acquired a new position in shares of Berry Global Group in the 2nd quarter valued at approximately $381,000. Algert Global LLC bought a new stake in shares of Berry Global Group in the second quarter worth $687,000. Creative Planning raised its holdings in Berry Global Group by 5.9% in the second quarter. Creative Planning now owns 6,629 shares of the industrial products company’s stock valued at $390,000 after acquiring an additional 372 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in Berry Global Group by 13.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 28,560 shares of the industrial products company’s stock valued at $1,942,000 after acquiring an additional 3,400 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Berry Global Group by 332.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,181 shares of the industrial products company’s stock worth $80,000 after acquiring an additional 908 shares in the last quarter. Hedge funds and other institutional investors own 95.36% of the company’s stock.

Berry Global Group Stock Performance

BERY stock opened at $68.40 on Friday. Berry Global Group, Inc. has a 1 year low of $54.06 and a 1 year high of $73.31. The stock has a market capitalization of $7.91 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 1.44 and a beta of 1.16. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.80 and a current ratio of 1.25. The stock’s fifty day moving average is $67.64 and its two-hundred day moving average is $67.02.

Berry Global Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a $0.31 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.24 annualized dividend and a yield of 1.81%. Berry Global Group’s dividend payout ratio is presently 28.25%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BERY. Truist Financial upped their target price on shares of Berry Global Group from $72.00 to $74.00 and gave the company a “hold” rating in a research note on Monday, January 6th. JPMorgan Chase & Co. restated an “overweight” rating and set a $76.00 price objective (up previously from $70.00) 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 report on Wednesday, November 27th. Citigroup reiterated a “neutral” rating and issued a $76.00 price target on shares of Berry Global Group in a report on Monday, November 25th. Finally, UBS Group reduced their price objective on Berry Global Group from $75.00 to $72.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $73.30.

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.