UMB Bank n.a. Buys 306 Shares of Berry Global Group, Inc. (NYSE:BERY)

UMB Bank n.a. increased its holdings in shares of Berry Global Group, Inc. (NYSE:BERY) by 89.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 650 shares of the industrial products company’s stock after purchasing an additional 306 shares during the period. UMB Bank n.a.’s holdings in Berry Global Group were worth $42,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of BERY. Capital Performance Advisors LLP bought a new stake in shares of Berry Global Group in the third quarter valued at about $75,000. GAMMA Investing LLC grew its position in Berry Global Group by 332.6% during the third quarter. GAMMA Investing LLC now owns 1,181 shares of the industrial products company’s stock worth $80,000 after buying an additional 908 shares in the last quarter. SG Americas Securities LLC acquired a new position in Berry Global Group in the 3rd quarter valued at $152,000. Townsquare Capital LLC bought a new stake in shares of Berry Global Group during the 3rd quarter valued at $201,000. Finally, W.G. Shaheen & Associates DBA Whitney & Co acquired a new stake in shares of Berry Global Group during the 3rd quarter worth $206,000. Institutional investors and hedge funds own 95.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada increased their price objective on shares of Berry Global Group from $69.00 to $73.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 21st. Citigroup restated a “neutral” rating and set a $76.00 price objective on shares of Berry Global Group in a research report on Monday, November 25th. UBS Group dropped their target price on shares of Berry Global Group from $75.00 to $72.00 and set a “neutral” rating for the company in a report on Friday, January 10th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $76.00 target price (up previously from $70.00) on shares of Berry Global Group in a report on Monday, November 25th. Finally, StockNews.com initiated coverage on shares of Berry Global Group in a report on Monday, January 20th. They issued a “buy” rating for the company. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $73.30.

Berry Global Group Stock Performance

BERY stock opened at $68.25 on Friday. The firm has a market cap of $7.90 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 1.44 and a beta of 1.16. Berry Global Group, Inc. has a 1-year low of $54.06 and a 1-year high of $73.31. The stock has a 50-day moving average price of $67.60 and a 200-day moving average price of $66.84. The company has a current ratio of 1.25, a quick ratio of 0.80 and a debt-to-equity ratio of 2.08.

Berry Global Group Increases Dividend

The company 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 represents a $1.24 dividend on an annualized basis and a dividend yield of 1.82%. 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 is presently 28.25%.

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.