Leeward Investments LLC MA Sells 34,227 Shares of Berry Global Group, Inc. (NYSE:BERY)

Leeward Investments LLC MA trimmed its holdings in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) by 20.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 132,105 shares of the industrial products company's stock after selling 34,227 shares during the quarter. Leeward Investments LLC MA owned 0.12% of Berry Global Group worth $8,980,000 at the end of the most recent quarter.

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

Insider Activity at Berry Global Group

In related news, Director Evan Bayh sold 14,000 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $70.13, for a total transaction of $981,820.00. Following the sale, the director now directly owns 30,228 shares of the company's stock, valued at $2,119,889.64. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 4.00% of the stock is currently owned by insiders.

Berry Global Group Stock Up 0.2 %

Berry Global Group stock traded up $0.11 on Friday, hitting $67.39. 311,089 shares of the stock traded hands, compared to its average volume of 990,028. Berry Global Group, Inc. has a 1 year low of $54.06 and a 1 year high of $71.63. The company has a current ratio of 1.82, a quick ratio of 1.08 and a debt-to-equity ratio of 2.57. The business's fifty day simple moving average is $68.00 and its 200 day simple moving average is $63.60. The firm has a market cap of $7.72 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 1.17 and a beta of 1.14.

Berry Global Group Increases Dividend

The company also recently disclosed 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. This is a positive change 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 1.84%. The ex-dividend date of this dividend is Monday, December 2nd. Berry Global Group's payout ratio is presently 26.50%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on BERY shares. 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 research report on Tuesday, October 15th. Morgan Stanley initiated coverage on shares of Berry Global Group in a research note on Wednesday, September 4th. They issued an "equal weight" rating and a $76.00 price objective for the company. StockNews.com assumed coverage on Berry Global Group in a report on Thursday. They issued a "hold" rating for the company. Finally, UBS Group lowered their price target on shares of Berry Global Group from $89.00 to $77.00 and set a "buy" rating on the stock in a report on Wednesday, July 17th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $71.22.

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.