Berry Global Group, Inc. (NYSE:BERY) Shares Acquired by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. increased its stake in Berry Global Group, Inc. (NYSE:BERY - Free Report) by 219.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 437,041 shares of the industrial products company's stock after buying an additional 300,059 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.38% of Berry Global Group worth $29,710,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. EdgePoint Investment Group Inc. raised its stake in shares of Berry Global Group by 10.3% during the second quarter. EdgePoint Investment Group Inc. now owns 14,942,921 shares of the industrial products company's stock valued at $879,391,000 after purchasing an additional 1,393,955 shares during the period. FMR LLC increased its stake in Berry Global Group by 38.4% during the 3rd quarter. FMR LLC now owns 3,807,317 shares of the industrial products company's stock worth $258,821,000 after buying an additional 1,055,756 shares during the period. Dimensional Fund Advisors LP increased its stake in 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 lifted its holdings in 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 worth $46,968,000 after buying an additional 588,114 shares in the last quarter. Finally, Eminence Capital LP boosted its position in 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 buying an additional 492,793 shares during the last quarter. 95.36% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Evan Bayh sold 14,000 shares of Berry Global Group 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 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 SEC, which is accessible through the SEC website. 4.00% of the stock is owned by company insiders.

Berry Global Group Stock Performance

NYSE BERY traded up $0.74 during trading hours on Friday, reaching $72.31. The company's stock had a trading volume of 1,418,906 shares, compared to its average volume of 2,185,147. The stock has a market cap of $8.33 billion, a PE ratio of 16.47, a PEG ratio of 1.44 and a beta of 1.14. The business has a 50-day simple moving average of $68.62 and a 200 day simple moving average of $64.82. Berry Global Group, Inc. has a 52 week low of $54.06 and a 52 week high of $73.31. The company has a current ratio of 1.25, a quick ratio of 0.26 and a debt-to-equity ratio of 2.08.

Berry Global Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.31 per share. This is an increase from Berry Global Group's previous quarterly dividend of $0.28. This represents a $1.24 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Monday, December 2nd. Berry Global Group's dividend payout ratio is presently 25.06%.

Analyst Upgrades and Downgrades

Several research firms recently commented on BERY. Morgan Stanley started coverage on Berry Global Group in a research note on Wednesday, September 4th. They issued an "equal weight" rating and a $76.00 price target on the stock. Truist Financial reiterated a "hold" rating and set a $72.00 target price (down from $74.00) on shares of Berry Global Group in a research note on Wednesday, November 20th. Barclays raised their price target on shares of Berry Global Group from $64.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Royal Bank of Canada increased their price objective on shares of Berry Global Group from $69.00 to $73.00 and gave the company a "sector perform" rating in a research note on Thursday, November 21st. Finally, UBS Group downgraded shares of Berry Global Group from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $82.00 to $75.00 in a research report on Friday, November 22nd. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $73.73.

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.