Foster & Motley Inc. Purchases 11,865 Shares of Berry Global Group, Inc. (NYSE:BERY)

Foster & Motley Inc. boosted its stake in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) by 162.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,170 shares of the industrial products company's stock after purchasing an additional 11,865 shares during the quarter. Foster & Motley Inc.'s holdings in Berry Global Group were worth $1,303,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. EdgePoint Investment Group Inc. increased its stake in shares of Berry Global Group by 16.7% in the first quarter. EdgePoint Investment Group Inc. now owns 13,548,966 shares of the industrial products company's stock valued at $819,441,000 after buying an additional 1,934,137 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Berry Global Group by 10.2% during the first quarter. Vanguard Group Inc. now owns 12,931,050 shares of the industrial products company's stock worth $782,070,000 after buying an additional 1,200,021 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Berry Global Group by 30.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,472,624 shares of the industrial products company's stock worth $204,365,000 after buying an additional 807,211 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Berry Global Group by 280.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 798,092 shares of the industrial products company's stock valued at $46,968,000 after acquiring an additional 588,114 shares during the last quarter. Finally, Eminence Capital LP raised its position in shares of Berry Global Group by 22.2% in the 2nd quarter. Eminence Capital LP now owns 2,714,539 shares of the industrial products company's stock valued at $159,751,000 after acquiring an additional 492,793 shares during the period. 95.36% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Morgan Stanley began coverage on Berry Global Group in a report on Wednesday, September 4th. They set an "equal weight" rating and a $76.00 price objective on the stock. Truist Financial increased their price objective 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. UBS Group cut their price objective on shares of Berry Global Group from $89.00 to $77.00 and set a "buy" rating on the stock in a research report on Wednesday, July 17th. Finally, StockNews.com initiated coverage on Berry Global Group in a research note on Thursday. They issued a "hold" rating on the stock. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $71.22.

Insider Buying and Selling

In related news, Director Evan Bayh sold 14,000 shares of the company's stock in a transaction dated 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 owns 30,228 shares in the company, valued at $2,119,889.64. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.00% of the stock is currently owned by corporate insiders.

Berry Global Group Price Performance

Shares of NYSE BERY traded up $0.25 during trading hours on Thursday, hitting $67.26. 859,847 shares of the stock were exchanged, compared to its average volume of 990,667. The company's fifty day simple moving average is $68.01 and its two-hundred day simple moving average is $63.57. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.08 and a current ratio of 1.82. Berry Global Group, Inc. has a 1-year low of $54.06 and a 1-year high of $71.63. The company has a market cap of $7.71 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 1.16 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 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 is Monday, December 2nd. This represents a $1.24 annualized dividend and a dividend yield of 1.84%. Berry Global Group's dividend payout ratio (DPR) is 23.50%.

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.