Berry Global Group, Inc. (NYSE:BERY) Holdings Raised by Quest Partners LLC

Quest Partners LLC grew its position in Berry Global Group, Inc. (NYSE:BERY - Free Report) by 1,478.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,663 shares of the industrial products company's stock after purchasing an additional 8,114 shares during the period. Quest Partners LLC's holdings in Berry Global Group were worth $589,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Altshuler Shaham Ltd bought a new position in Berry Global Group in the 2nd quarter worth approximately $27,000. LRI Investments LLC grew its stake 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 worth $36,000 after purchasing an additional 576 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Berry Global Group during the second quarter valued at $42,000. American Capital Advisory LLC bought a new stake in shares of Berry Global Group during the second quarter valued at about $44,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Berry Global Group during the third quarter valued at about $75,000. Institutional investors and hedge funds own 95.36% of the company's stock.

Insider Activity at Berry Global Group

In related news, Director Evan Bayh sold 14,000 shares of the company's stock in a transaction 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 transaction, the director now directly owns 30,228 shares of the company's stock, valued at approximately $2,119,889.64. The trade was a 31.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.00% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Truist Financial reiterated a "hold" rating and issued a $72.00 target price (down previously from $74.00) on shares of Berry Global Group in a research report on Wednesday. Royal Bank of Canada boosted their target price on Berry Global Group from $69.00 to $73.00 and gave the stock a "sector perform" rating in a report on Thursday. Morgan Stanley initiated coverage on Berry Global Group in a research report on Wednesday, September 4th. They issued an "equal weight" rating and a $76.00 target price for the company. UBS Group cut Berry Global Group from a "buy" rating to a "neutral" rating and lowered their price target for the company from $82.00 to $75.00 in a research report on Friday. Finally, StockNews.com upgraded Berry Global Group from a "hold" rating to a "buy" rating in a report on Friday, November 15th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Berry Global Group presently has a consensus rating of "Hold" and an average target price of $72.00.

Berry Global Group Trading Up 1.1 %

Shares of NYSE BERY traded up $0.78 during mid-day trading on Friday, hitting $71.71. 2,533,039 shares of the company traded hands, compared to its average volume of 1,907,863. The company has a quick ratio of 1.08, a current ratio of 0.41 and a debt-to-equity ratio of 2.57. Berry Global Group, Inc. has a 1 year low of $54.06 and a 1 year high of $72.50. The stock has a market capitalization of $8.22 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 1.39 and a beta of 1.14. The business has a 50 day moving average of $68.22 and a two-hundred day moving average of $64.40.

Berry Global Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.31 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.73%. This is a positive change from Berry Global Group's previous quarterly dividend of $0.28. Berry Global Group's payout ratio is currently 25.06%.

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.