Berry Global Group, Inc. (NYSE:BERY) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lessened its holdings in Berry Global Group, Inc. (NYSE:BERY - Free Report) by 82.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,009 shares of the industrial products company's stock after selling 18,271 shares during the quarter. Quantbot Technologies LP's holdings in Berry Global Group were worth $273,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Altshuler Shaham Ltd purchased a new position in shares of Berry Global Group in the second quarter worth about $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 worth $32,000 after purchasing an additional 548 shares during the last quarter. LRI Investments LLC raised its stake 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 purchasing an additional 576 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Berry Global Group in the second quarter worth about $42,000. Finally, American Capital Advisory LLC purchased a new position in shares of Berry Global Group in the second quarter worth about $44,000. Institutional investors and hedge funds own 95.36% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on BERY shares. Truist Financial restated a "hold" rating and issued a $72.00 price objective (down from $74.00) on shares of Berry Global Group in a research note on Wednesday, November 20th. Citigroup restated a "neutral" rating and issued a $76.00 price objective on shares of Berry Global Group in a research note on Monday, November 25th. Barclays lifted their price target on 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. Morgan Stanley initiated coverage on Berry Global Group in a research report on Wednesday, September 4th. They set an "equal weight" rating and a $76.00 price target for the company. Finally, UBS Group cut Berry Global Group from a "buy" rating to a "neutral" rating and reduced their price target for the company from $82.00 to $75.00 in a research report on Friday, November 22nd. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Berry Global Group currently has an average rating of "Hold" and an average price target of $73.73.

Berry Global Group Price Performance

Shares of Berry Global Group stock traded down $1.19 on Thursday, reaching $69.77. The company's stock had a trading volume of 1,500,201 shares, compared to its average volume of 1,102,938. The company has a market capitalization of $8.04 billion, a P/E ratio of 15.89, a PEG ratio of 1.42 and a beta of 1.14. Berry Global Group, Inc. has a 52-week low of $54.06 and a 52-week high of $73.31. The stock has a 50-day moving average price of $68.83 and a 200-day moving average price of $65.08. 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 Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.31 dividend. The ex-dividend date is Monday, December 2nd. 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 dividend yield of 1.78%. Berry Global Group's payout ratio is currently 28.25%.

Insider Transactions at Berry Global Group

In other Berry Global Group news, Director Evan Bayh sold 14,000 shares of the business's 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 transaction, the director now 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 4.00% of the company's stock.

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.