Berry Global Group, Inc. (NYSE:BERY) Shares Sold by Burney Co.

Burney Co. trimmed its position in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) by 44.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,773 shares of the industrial products company's stock after selling 60,632 shares during the quarter. Burney Co. owned 0.06% of Berry Global Group worth $4,836,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Commonwealth Equity Services LLC grew its stake in shares of Berry Global Group by 7.7% during the second quarter. Commonwealth Equity Services LLC now owns 10,459 shares of the industrial products company's stock valued at $616,000 after buying an additional 748 shares during the last quarter. Quest Partners LLC grew its position in Berry Global Group by 54,800.0% in the 2nd 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 last quarter. American Century Companies Inc. increased its stake in Berry Global Group by 3.9% in the second quarter. American Century Companies Inc. now owns 21,004 shares of the industrial products company's stock worth $1,236,000 after purchasing an additional 784 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in shares of Berry Global Group during the second quarter worth $42,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Berry Global Group by 30.3% during the second quarter. Dimensional Fund Advisors LP now owns 3,472,624 shares of the industrial products company's stock valued at $204,365,000 after purchasing an additional 807,211 shares during the period. Institutional investors own 95.36% of the company's stock.

Berry Global Group Stock Up 1.3 %

Berry Global Group stock traded up $0.88 during trading hours on Thursday, reaching $67.63. The stock had a trading volume of 1,005,616 shares, compared to its average volume of 1,183,392. Berry Global Group, Inc. has a 52 week low of $54.06 and a 52 week high of $73.31. The company has a market cap of $7.82 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 1.38 and a beta of 1.16. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.25 and a quick ratio of 0.80. The business's 50 day moving average price is $67.50 and its 200-day moving average price is $66.39.

Berry Global Group Increases Dividend

The company also recently announced 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 a boost 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 dividend on an annualized basis and a yield of 1.83%. Berry Global Group's dividend payout ratio is presently 28.25%.

Wall Street Analyst Weigh In

BERY has been the subject of a number of research analyst reports. Royal Bank of Canada lifted their price objective on shares of Berry Global Group from $69.00 to $73.00 and gave the company a "sector perform" rating in a report on Thursday, November 21st. Citigroup reaffirmed a "neutral" rating and set a $76.00 price target on shares of Berry Global Group in a research note on Monday, November 25th. StockNews.com initiated coverage on Berry Global Group in a report on Sunday. They issued a "buy" rating for the company. UBS Group reduced their price objective on Berry Global Group from $75.00 to $72.00 and set a "neutral" rating on the stock in a report on Friday, January 10th. Finally, Truist Financial upped their target price on Berry Global Group from $72.00 to $74.00 and gave the stock a "hold" rating in a report on Monday, January 6th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $73.30.

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.