Berry Global Group, Inc. (NYSE:BERY) Shares Sold by National Bank of Canada FI

National Bank of Canada FI cut its position in shares of Berry Global Group, Inc. (NYSE:BERY) by 1.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,463 shares of the industrial products company’s stock after selling 262 shares during the quarter. National Bank of Canada FI’s holdings in Berry Global Group were worth $1,651,000 at the end of the most recent quarter.

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

Berry Global Group Stock Performance

Shares of Berry Global Group stock opened at $67.94 on Friday. The firm has a market cap of $7.83 billion, a PE ratio of 15.48, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. The firm’s 50-day simple moving average is $69.05 and its 200-day simple moving average is $65.47. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.80 and a current ratio of 1.25. Berry Global Group, Inc. has a 1 year low of $54.06 and a 1 year high of $73.31.

Berry Global Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.31 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.24 annualized dividend and a yield of 1.83%. This is a boost from Berry Global Group’s previous quarterly dividend of $0.28. Berry Global Group’s dividend payout ratio is presently 28.25%.

Insider Transactions at Berry Global Group

In other news, Director Evan Bayh sold 14,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $70.13, for a total value of $981,820.00. Following the transaction, the director now directly owns 30,228 shares in the company, valued at approximately $2,119,889.64. This trade represents a 31.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 4.00% of the company’s stock.

Wall Street Analyst Weigh In

BERY has been the topic of several research reports. Royal Bank of Canada raised their price objective on Berry Global Group from $69.00 to $73.00 and gave the company a “sector perform” rating in a research report on Thursday, November 21st. Barclays raised their target price on Berry Global Group from $64.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Citigroup restated a “neutral” rating and issued a $76.00 price target on shares of Berry Global Group in a report on Monday, November 25th. Morgan Stanley assumed 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 price objective on the stock. Finally, Truist Financial reissued a “hold” rating and set a $72.00 target price (down from $74.00) on shares of Berry Global Group in a research report on Wednesday, November 20th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $73.73.

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.