Bank of Montreal Can Acquires 49,609 Shares of Berry Global Group, Inc. (NYSE:BERY)

Bank of Montreal Can lifted its stake in Berry Global Group, Inc. (NYSE:BERY - Free Report) by 24.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 251,873 shares of the industrial products company's stock after purchasing an additional 49,609 shares during the quarter. Bank of Montreal Can owned 0.22% of Berry Global Group worth $17,349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of BERY. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Berry Global Group by 1.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,424 shares of the industrial products company's stock worth $555,000 after purchasing an additional 176 shares in the last quarter. Creative Planning raised its position in Berry Global Group by 3.0% in the 3rd quarter. Creative Planning now owns 6,827 shares of the industrial products company's stock worth $464,000 after buying an additional 198 shares during the last quarter. Guardian Wealth Management Inc. lifted its stake in Berry Global Group by 1.0% during the 2nd quarter. Guardian Wealth Management Inc. now owns 29,623 shares of the industrial products company's stock valued at $1,743,000 after acquiring an additional 287 shares during the period. US Bancorp DE boosted its holdings in shares of Berry Global Group by 9.1% during the 3rd quarter. US Bancorp DE now owns 3,725 shares of the industrial products company's stock valued at $253,000 after acquiring an additional 311 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its stake in shares of Berry Global Group by 9.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 4,077 shares of the industrial products company's stock worth $240,000 after acquiring an additional 355 shares during the period. Institutional investors own 95.36% of the company's stock.

Berry Global Group Price Performance

BERY stock traded up $0.74 during trading on Friday, reaching $72.31. The company's stock had a trading volume of 1,418,906 shares, compared to its average volume of 2,185,147. The company has a quick ratio of 0.26, a current ratio of 1.25 and a debt-to-equity ratio of 2.08. The company's fifty day moving average is $68.62 and its 200-day moving average is $64.82. The company has a market capitalization of $8.33 billion, a P/E ratio of 16.47, a price-to-earnings-growth ratio of 1.44 and a beta of 1.14. 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 firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.31 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This is a boost 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 1.71%. Berry Global Group's payout ratio is currently 25.06%.

Insiders Place Their Bets

In other news, Director Evan Bayh sold 14,000 shares of Berry Global Group stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $70.13, for a total value of $981,820.00. Following the sale, the director now directly owns 30,228 shares of the company's stock, valued at approximately $2,119,889.64. The trade was a 31.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BERY. Citigroup restated a "neutral" rating and issued a $76.00 target price on shares of Berry Global Group in a report on Monday, November 25th. UBS Group downgraded Berry Global Group from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $82.00 to $75.00 in a research note on Friday, November 22nd. Barclays upped their price objective on Berry Global Group from $64.00 to $75.00 and gave the company an "equal weight" rating in a research report on Wednesday. Royal Bank of Canada raised their target price on Berry Global Group from $69.00 to $73.00 and gave the stock a "sector perform" rating in a research report on Thursday, November 21st. Finally, StockNews.com raised shares of Berry Global Group from a "hold" rating to a "buy" rating in a research report on Monday, November 25th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $73.73.

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.