Burney Co. Sells 60,632 Shares of Berry Global Group, Inc. (NYSE:BERY)

Burney Co. trimmed its holdings in shares of Berry Global Group, Inc. (NYSE:BERY) by 44.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 74,773 shares of the industrial products company’s stock after selling 60,632 shares during the quarter. Burney Co.’s holdings in Berry Global Group were worth $4,836,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. M&T Bank Corp grew its position in Berry Global Group by 3.1% during the third quarter. M&T Bank Corp now owns 5,832 shares of the industrial products company’s stock valued at $396,000 after buying an additional 173 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in Berry Global Group by 1.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,424 shares of the industrial products company’s stock valued at $555,000 after buying an additional 176 shares during the period. Creative Planning grew its position in Berry Global Group by 3.0% during the third quarter. Creative Planning now owns 6,827 shares of the industrial products company’s stock valued at $464,000 after buying an additional 198 shares during the period. US Bancorp DE grew its position in Berry Global Group by 9.1% during the third quarter. US Bancorp DE now owns 3,725 shares of the industrial products company’s stock valued at $253,000 after buying an additional 311 shares during the period. Finally, Guardian Wealth Management Inc. grew its position in Berry Global Group by 1.2% during the third quarter. Guardian Wealth Management Inc. now owns 29,990 shares of the industrial products company’s stock valued at $2,039,000 after buying an additional 367 shares during the period. 95.36% of the stock is currently owned by institutional investors.

Berry Global Group Price Performance

BERY stock opened at $66.89 on Thursday. Berry Global Group, Inc. has a one year low of $54.06 and a one year high of $73.31. The company’s fifty day moving average price is $67.49 and its 200-day moving average price is $66.38. 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 company has a market capitalization of $7.74 billion, a PE ratio of 15.24, a price-to-earnings-growth ratio of 1.38 and a beta of 1.16.

Berry Global Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend was Monday, December 2nd. This is an increase from Berry Global Group’s previous quarterly dividend of $0.28. Berry Global Group’s payout ratio is 28.25%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. StockNews.com assumed coverage on shares of Berry Global Group in a report on Sunday. They set a “buy” rating on the stock. Royal Bank of Canada lifted their price target on shares of Berry Global Group from $69.00 to $73.00 and gave the company a “sector perform” rating in a report on Thursday, November 21st. Barclays lifted their price target on shares of Berry Global Group from $64.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $76.00 price target (up previously from $70.00) on shares of Berry Global Group in a report on Monday, November 25th. Finally, Truist Financial lifted their price target on shares of Berry Global Group from $72.00 to $74.00 and gave the company a “hold” rating in a report on Monday, January 6th. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.