SG Americas Securities LLC Has $627,000 Holdings in Berry Global Group, Inc. (NYSE:BERY)

SG Americas Securities LLC raised its position in Berry Global Group, Inc. (NYSE:BERY - Free Report) by 333.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,697 shares of the industrial products company's stock after purchasing an additional 7,458 shares during the quarter. SG Americas Securities LLC's holdings in Berry Global Group were worth $627,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in BERY. Geode Capital Management LLC raised its position in shares of Berry Global Group by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,982,517 shares of the industrial products company's stock worth $134,806,000 after buying an additional 27,437 shares in the last quarter. Hancock Whitney Corp bought a new stake in Berry Global Group during the third quarter worth approximately $1,065,000. Integrated Investment Consultants LLC acquired a new stake in Berry Global Group in the third quarter worth approximately $714,000. Allspring Global Investments Holdings LLC increased its position in shares of Berry Global Group by 4.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 835,334 shares of the industrial products company's stock valued at $56,786,000 after purchasing an additional 37,242 shares during the period. Finally, Barclays PLC raised its stake in shares of Berry Global Group by 87.1% in the 3rd quarter. Barclays PLC now owns 101,956 shares of the industrial products company's stock worth $6,931,000 after buying an additional 47,476 shares in the last quarter. Institutional investors own 95.36% of the company's stock.

Berry Global Group Stock Down 1.6 %

Shares of BERY traded down $1.07 during mid-day trading on Monday, reaching $66.85. The company's stock had a trading volume of 1,181,764 shares, compared to its average volume of 1,149,805. The company has a market cap of $7.74 billion, a price-to-earnings ratio of 15.24, a price-to-earnings-growth ratio of 1.45 and a beta of 1.15. The business has a fifty day moving average of $67.56 and a 200 day moving average of $67.09. The company has a quick ratio of 0.80, a current ratio of 1.25 and a debt-to-equity ratio of 2.08. Berry Global Group, Inc. has a 1 year low of $54.06 and a 1 year high of $73.31.

Berry Global Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.85%. The ex-dividend date is Monday, March 3rd. Berry Global Group's dividend payout ratio is currently 28.25%.

Analyst Ratings Changes

BERY has been the topic of a number of research analyst reports. Citigroup reaffirmed a "neutral" rating and set a $76.00 target price on shares of Berry Global Group in a report on Monday, November 25th. UBS Group lowered their price objective on shares of Berry Global Group from $75.00 to $72.00 and set a "neutral" rating on the stock in a research note on Friday, January 10th. Royal Bank of Canada increased their target price on shares of Berry Global Group from $69.00 to $73.00 and gave the company a "sector perform" rating in a research note on Thursday, November 21st. StockNews.com assumed coverage on shares of Berry Global Group in a research report on Tuesday, January 28th. They issued a "buy" rating on the stock. Finally, Truist Financial increased their price objective on Berry Global Group from $72.00 to $74.00 and gave the company a "hold" rating in a research report on Monday, January 6th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $73.30.

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.