Barclays PLC Has $6.93 Million Position in Berry Global Group, Inc. (NYSE:BERY)

Barclays PLC increased its stake in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) by 87.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 101,956 shares of the industrial products company's stock after acquiring an additional 47,476 shares during the quarter. Barclays PLC owned about 0.09% of Berry Global Group worth $6,931,000 at the end of the most recent reporting period.

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

Berry Global Group Price Performance

BERY traded up $0.03 during trading on Thursday, hitting $64.69. The company's stock had a trading volume of 1,168,649 shares, compared to its average volume of 1,120,769. The firm's 50 day moving average price is $69.03 and its two-hundred day moving average price is $65.67. The company has a quick ratio of 0.80, a current ratio of 1.25 and a debt-to-equity ratio of 2.08. The stock has a market capitalization of $7.45 billion, a price-to-earnings ratio of 14.74, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. Berry Global Group, Inc. has a 12 month low of $54.06 and a 12 month high of $73.31.

Berry Global Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.31 per share. This is an increase from Berry Global Group's previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.24 annualized dividend and a yield of 1.92%. Berry Global Group's dividend payout ratio is 28.25%.

Analysts Set New Price Targets

BERY has been the subject of a number of recent research reports. Citigroup restated a "neutral" rating and issued a $76.00 target price on shares of Berry Global Group in a research note on Monday, November 25th. JPMorgan Chase & Co. restated an "overweight" rating and issued a $76.00 price objective (up previously from $70.00) on shares of Berry Global Group in a research note on Monday, November 25th. Barclays lifted their target price on shares of Berry Global Group from $64.00 to $75.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 27th. StockNews.com initiated coverage on shares of Berry Global Group in a research report on Thursday. They issued a "buy" rating for the company. Finally, Royal Bank of Canada lifted their price objective on Berry Global Group from $69.00 to $73.00 and gave the company a "sector perform" rating in a report on Thursday, November 21st. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $73.40.

Insiders Place Their Bets

In other news, Director Evan Bayh sold 14,000 shares of Berry Global Group stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $70.13, for a total value of $981,820.00. Following the completion of the sale, the director now directly owns 30,228 shares of the company's stock, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.00% of the company's stock.

About Berry Global Group

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.