SG Americas Securities LLC Invests $152,000 in Berry Global Group, Inc. (NYSE:BERY)

SG Americas Securities LLC bought a new position in shares of Berry Global Group, Inc. (NYSE:BERY) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,239 shares of the industrial products company’s stock, valued at approximately $152,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC grew its holdings 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 valued at $1,021,000 after buying an additional 487 shares in the last quarter. State of Michigan Retirement System grew its holdings in shares of Berry Global Group by 0.7% during the first quarter. State of Michigan Retirement System now owns 28,500 shares of the industrial products company’s stock valued at $1,724,000 after buying an additional 200 shares in the last quarter. Norden Group LLC purchased a new position in shares of Berry Global Group during the first quarter valued at $259,000. Leeward Investments LLC MA grew its holdings 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 in the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Berry Global Group by 15.5% during the first quarter. Commonwealth Equity Services LLC now owns 9,711 shares of the industrial products company’s stock valued at $587,000 after buying an additional 1,302 shares in the last quarter. 95.36% of the stock is owned by institutional investors and hedge funds.

Berry Global Group Price Performance

Shares of NYSE:BERY opened at $68.50 on Friday. Berry Global Group, Inc. has a fifty-two week low of $53.92 and a fifty-two week high of $70.86. The business has a 50-day moving average of $67.46 and a two-hundred day moving average of $62.80. The stock has a market capitalization of $7.84 billion, a P/E ratio of 16.27, a P/E/G ratio of 1.10 and a beta of 1.15. The company has a debt-to-equity ratio of 2.57, a current ratio of 1.82 and a quick ratio of 1.08.

Berry Global Group (NYSE:BERY) last announced its quarterly 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. Berry Global Group had a return on equity of 27.32% and a net margin of 4.55%. The company had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter in the previous year, the firm earned $1.90 earnings per share. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. On average, equities research analysts predict that Berry Global Group, Inc. will post 7.6 EPS for the current fiscal year.

Berry Global Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were given a $0.275 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $1.10 annualized dividend and a dividend yield of 1.61%. Berry Global Group’s dividend payout ratio is 26.13%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BERY. UBS Group lowered their price target on Berry Global Group from $89.00 to $77.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. StockNews.com downgraded Berry Global Group from a “buy” rating to a “hold” rating in a research note on Tuesday. Truist Financial boosted their target price on Berry Global Group from $68.00 to $74.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th. Finally, Morgan Stanley assumed coverage on Berry Global Group in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $76.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $71.22.

Insider Transactions at Berry Global Group

In other Berry Global Group news, Director Evan Bayh sold 14,000 shares of the stock in a transaction on Tuesday, October 15th. The shares were 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 directly owns 30,228 shares of the company’s stock, valued at $2,119,889.64. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.00% of the stock is currently owned by corporate insiders.

About Berry Global Group

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.