Crossmark Global Holdings Inc. Trims Stock Holdings in Berry Global Group, Inc. (NYSE:BERY)

Crossmark Global Holdings Inc. trimmed its holdings in Berry Global Group, Inc. (NYSE:BERY) by 0.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,074 shares of the industrial products company’s stock after selling 390 shares during the period. Crossmark Global Holdings Inc. owned approximately 0.06% of Berry Global Group worth $4,696,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Altshuler Shaham Ltd purchased a new position in shares of Berry Global Group during the 2nd quarter valued at $27,000. Quest Partners LLC grew its position in shares of Berry Global Group by 54,800.0% during the 2nd quarter. Quest Partners LLC now owns 549 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 548 shares in the last quarter. LRI Investments LLC lifted its holdings in shares of Berry Global Group by 1,309.1% during the 2nd quarter. LRI Investments LLC now owns 620 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 576 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Berry Global Group during the 2nd quarter worth $42,000. Finally, American Capital Advisory LLC bought a new stake in shares of Berry Global Group during the 2nd quarter worth $44,000. 95.36% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Berry Global Group news, Director Evan Bayh sold 14,000 shares of the firm’s stock in a transaction that occurred on 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 approximately $2,119,889.64. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. StockNews.com assumed coverage on shares of Berry Global Group in a report on Thursday, November 7th. They set a “hold” rating for the company. Morgan Stanley assumed coverage on shares of Berry Global Group in a report on Wednesday, September 4th. They set an “equal weight” rating and a $76.00 price objective for the company. UBS Group dropped their price objective on shares of Berry Global Group from $89.00 to $77.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Finally, Truist Financial increased their target price on shares of Berry Global Group from $68.00 to $74.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $71.22.

Berry Global Group Price Performance

BERY stock opened at $68.28 on Tuesday. Berry Global Group, Inc. has a 1 year low of $54.06 and a 1 year high of $71.63. The company has a market cap of $7.82 billion, a P/E ratio of 14.59, a PEG ratio of 1.11 and a beta of 1.14. The firm has a 50-day moving average of $67.96 and a 200 day moving average of $63.85. 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 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.31 dividend. This is an increase from Berry Global Group’s previous quarterly dividend of $0.28. This represents a $1.24 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date is Monday, December 2nd. Berry Global Group’s dividend payout ratio is presently 26.50%.

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.