J2 Capital Management Inc Acquires New Shares in Berry Global Group, Inc. (NYSE:BERY)

J2 Capital Management Inc acquired a new position in Berry Global Group, Inc. (NYSE:BERY - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,291 shares of the industrial products company's stock, valued at approximately $342,000.

Several other hedge funds have also bought and sold shares of BERY. Altshuler Shaham Ltd purchased a new position in shares of Berry Global Group in the 2nd quarter worth about $27,000. DekaBank Deutsche Girozentrale purchased a new stake in Berry Global Group in the second quarter worth approximately $42,000. Capital Performance Advisors LLP bought a new position in Berry Global Group during the third quarter valued at approximately $75,000. GAMMA Investing LLC grew its holdings in shares of Berry Global Group by 332.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,181 shares of the industrial products company's stock valued at $80,000 after purchasing an additional 908 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in Berry Global Group in the 3rd quarter worth $152,000. 95.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Barclays raised their price objective on Berry Global Group from $64.00 to $75.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 27th. StockNews.com started coverage on Berry Global Group in a research report on Sunday, January 12th. They set a "buy" rating on the stock. Citigroup reiterated a "neutral" rating and issued a $76.00 price objective on shares of Berry Global Group in a research report on Monday, November 25th. JPMorgan Chase & Co. restated an "overweight" rating and issued a $76.00 target price (up previously from $70.00) on shares of Berry Global Group in a report on Monday, November 25th. Finally, Royal Bank of Canada increased their price target on shares of Berry Global Group from $69.00 to $73.00 and gave the company a "sector perform" rating in a research report on Thursday, November 21st. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $73.30.

Berry Global Group Stock Up 0.1 %

Shares of BERY stock traded up $0.06 during midday trading on Friday, reaching $67.69. 612,263 shares of the stock were exchanged, compared to its average volume of 1,047,969. The firm has a market cap of $7.83 billion, a PE ratio of 15.42, a price-to-earnings-growth ratio of 1.38 and a beta of 1.16. The company has a current ratio of 1.25, a quick ratio of 0.80 and a debt-to-equity ratio of 2.08. The company's 50 day moving average is $67.51 and its two-hundred day moving average is $66.56. Berry Global Group, Inc. has a 1 year low of $54.06 and a 1 year high of $73.31.

Berry Global Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.83%. This is a positive change from Berry Global Group's previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, December 2nd. Berry Global Group's dividend payout ratio (DPR) is presently 28.25%.

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.