Berry Global Group, Inc. (NYSE:BERY) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP grew its stake in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) by 41.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,419 shares of the industrial products company's stock after buying an additional 8,875 shares during the period. Quantinno Capital Management LP's holdings in Berry Global Group were worth $2,068,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of BERY. Altshuler Shaham Ltd purchased a new stake in shares of Berry Global Group in the second quarter valued at $27,000. Quest Partners LLC grew its position 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 valued at $32,000 after purchasing an additional 548 shares during the period. LRI Investments LLC grew its position 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 valued at $36,000 after purchasing an additional 576 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in shares of Berry Global Group in the second quarter valued at $42,000. Finally, American Capital Advisory LLC acquired a new position in Berry Global Group in the second quarter valued at $44,000. Hedge funds and other institutional investors own 95.36% of the company's stock.

Berry Global Group Stock Down 0.8 %

BERY traded down $0.54 on Wednesday, reaching $68.90. The company's stock had a trading volume of 908,202 shares, compared to its average volume of 1,107,128. The stock has a market cap of $7.94 billion, a price-to-earnings ratio of 15.82, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14. Berry Global Group, Inc. has a 1 year low of $54.06 and a 1 year high of $73.31. 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 is $68.93 and its 200 day moving average is $65.36.

Berry Global Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.31 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 1.80%. This is an increase from Berry Global Group's previous quarterly dividend of $0.28. Berry Global Group's dividend payout ratio is currently 28.25%.

Wall Street Analyst Weigh In

BERY has been the subject of a number of research reports. Barclays boosted 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. StockNews.com initiated coverage on Berry Global Group in a research report on Wednesday. They set a "buy" rating for the company. Citigroup reissued a "neutral" rating and set a $76.00 price target on shares of Berry Global Group in a research report on Monday, November 25th. Morgan Stanley started 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, Royal Bank of Canada upped their target price on Berry Global Group from $69.00 to $73.00 and gave the stock a "sector perform" rating in a research report on Thursday, November 21st. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $73.73.

Insider Activity at Berry Global Group

In other Berry Global Group news, Director Evan Bayh sold 14,000 shares of the company's stock in a transaction that occurred 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 sale, the director now owns 30,228 shares in the company, valued at $2,119,889.64. This represents a 31.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 4.00% of the stock is currently owned by company insiders.

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.