Foster & Motley Inc. Grows Stock Holdings in Berry Global Group, Inc. (NYSE:BERY)

Foster & Motley Inc. lifted its holdings in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) by 19.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,858 shares of the industrial products company's stock after buying an additional 3,688 shares during the quarter. Foster & Motley Inc.'s holdings in Berry Global Group were worth $1,478,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BERY. Geode Capital Management LLC lifted its position in shares of Berry Global Group by 1.4% in the third quarter. Geode Capital Management LLC now owns 1,982,517 shares of the industrial products company's stock valued at $134,806,000 after acquiring an additional 27,437 shares in the last quarter. Sound Income Strategies LLC raised its stake in Berry Global Group by 13.4% in the 4th quarter. Sound Income Strategies LLC now owns 72,914 shares of the industrial products company's stock valued at $4,715,000 after purchasing an additional 8,622 shares during the last quarter. Hancock Whitney Corp purchased a new position in Berry Global Group in the 3rd quarter valued at $1,065,000. Integrated Investment Consultants LLC acquired a new stake in Berry Global Group during the 3rd quarter worth $714,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Berry Global Group by 4.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 835,334 shares of the industrial products company's stock worth $56,786,000 after buying an additional 37,242 shares in the last quarter. Hedge funds and other institutional investors own 95.36% of the company's stock.

Berry Global Group Stock Down 1.6 %

Shares of NYSE:BERY traded down $1.09 during trading on Monday, hitting $66.83. 1,181,764 shares of the company were exchanged, compared to its average volume of 1,149,805. 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 firm's 50 day moving average price is $67.56 and its 200-day moving average price is $67.09. The stock has a market capitalization of $7.73 billion, a P/E ratio of 15.24, a PEG ratio of 1.45 and a beta of 1.15. Berry Global Group, Inc. has a 12-month low of $54.06 and a 12-month high of $73.31.

Berry Global Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Monday, March 3rd. Berry Global Group's payout ratio is 28.25%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada raised their price target on shares of Berry Global Group from $69.00 to $73.00 and gave the stock a "sector perform" rating in a research note on Thursday, November 21st. Truist Financial upped their target price on Berry Global Group from $72.00 to $74.00 and gave the company a "hold" rating in a report on Monday, January 6th. StockNews.com assumed coverage on Berry Global Group in a report on Tuesday, January 28th. They set a "buy" rating on the stock. JPMorgan Chase & Co. reissued an "overweight" rating and issued a $76.00 price objective (up previously from $70.00) on shares of Berry Global Group in a report on Monday, November 25th. Finally, UBS Group reduced their price target on shares of Berry Global Group from $75.00 to $72.00 and set a "neutral" rating on the stock in a research report on Friday, January 10th. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target 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.