Berry Global Group, Inc. (NYSE:BERY) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC decreased its holdings in shares of Berry Global Group, Inc. (NYSE:BERY) by 5.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 54,090 shares of the industrial products company’s stock after selling 3,080 shares during the period. Natixis Advisors LLC’s holdings in Berry Global Group were worth $3,376,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. EdgePoint Investment Group Inc. raised its position in Berry Global Group by 10.3% during the second quarter. EdgePoint Investment Group Inc. now owns 14,942,921 shares of the industrial products company’s stock worth $879,391,000 after acquiring an additional 1,393,955 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Berry Global Group by 30.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,472,624 shares of the industrial products company’s stock worth $204,365,000 after purchasing an additional 807,211 shares during the last quarter. Eminence Capital LP lifted its stake in Berry Global Group by 22.2% in the 2nd quarter. Eminence Capital LP now owns 2,714,539 shares of the industrial products company’s stock valued at $159,751,000 after buying an additional 492,793 shares in the last quarter. Ancora Advisors LLC boosted its holdings in Berry Global Group by 18.7% in the 1st quarter. Ancora Advisors LLC now owns 1,701,163 shares of the industrial products company’s stock worth $102,886,000 after buying an additional 267,413 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Berry Global Group by 29.2% in the 2nd quarter. AQR Capital Management LLC now owns 1,438,866 shares of the industrial products company’s stock worth $84,677,000 after buying an additional 325,562 shares during the last quarter. Institutional investors and hedge funds own 95.36% of the company’s stock.

Berry Global Group Stock Performance

NYSE:BERY opened at $71.71 on Friday. The company’s 50-day moving average is $68.22 and its two-hundred day moving average is $64.40. Berry Global Group, Inc. has a 1-year low of $54.06 and a 1-year high of $72.50. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.41 and a quick ratio of 1.08. The firm has a market capitalization of $8.22 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 1.39 and a beta of 1.14.

Berry Global Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.73%. This is a positive change from Berry Global Group’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, December 2nd. Berry Global Group’s dividend payout ratio is presently 25.06%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on BERY shares. Royal Bank of Canada raised their target price on Berry Global Group from $69.00 to $73.00 and gave the company a “sector perform” rating in a research report on Thursday. Truist Financial restated a “hold” rating and issued a $72.00 price objective (down previously from $74.00) on shares of Berry Global Group in a report on Wednesday. Morgan Stanley started coverage on shares of Berry Global Group in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $76.00 target price on the stock. StockNews.com upgraded shares of Berry Global Group from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Finally, UBS Group lowered shares of Berry Global Group from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $82.00 to $75.00 in a research report on Friday. Eight 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.com, Berry Global Group presently has a consensus rating of “Hold” and a consensus target price of $72.00.

Insiders Place Their Bets

In other Berry Global Group news, Director Evan Bayh sold 14,000 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $70.13, for a total transaction of $981,820.00. Following the completion of the transaction, the director now owns 30,228 shares of the company’s stock, valued at $2,119,889.64. This trade 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 the SEC website. 4.00% of the stock is owned by insiders.

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.