Berry Global Group, Inc. (NYSE:BERY) Shares Acquired by Tidal Investments LLC

Tidal Investments LLC increased its holdings in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) by 71.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 31,325 shares of the industrial products company's stock after acquiring an additional 13,004 shares during the period. Tidal Investments LLC's holdings in Berry Global Group were worth $2,129,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of BERY. Wilmington Savings Fund Society FSB purchased a new stake in Berry Global Group in the 3rd quarter valued at about $463,000. Sanctuary Advisors LLC purchased a new stake in shares of Berry Global Group in the third quarter valued at approximately $389,000. Hohimer Wealth Management LLC bought a new position in Berry Global Group in the third quarter worth approximately $367,000. TD Private Client Wealth LLC increased its holdings in Berry Global Group by 5,508.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 8,132 shares of the industrial products company's stock worth $553,000 after purchasing an additional 7,987 shares during the period. Finally, Neo Ivy Capital Management increased its holdings in Berry Global Group by 159.7% during the 3rd quarter. Neo Ivy Capital Management now owns 35,322 shares of the industrial products company's stock worth $2,402,000 after purchasing an additional 21,722 shares during the period. Hedge funds and other institutional investors own 95.36% of the company's stock.

Insider Buying and Selling at Berry Global Group

In other 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 completion of the transaction, the director now directly owns 30,228 shares of the company's stock, valued at $2,119,889.64. This represents a 31.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 4.00% of the stock is owned by corporate insiders.

Berry Global Group Stock Performance

Shares of BERY stock traded down $0.95 on Tuesday, hitting $66.66. The company had a trading volume of 1,629,318 shares, compared to its average volume of 1,116,353. Berry Global Group, Inc. has a twelve month low of $54.06 and a twelve month high of $73.31. The company has a quick ratio of 0.80, a current ratio of 1.25 and a debt-to-equity ratio of 2.08. The firm has a market cap of $7.68 billion, a P/E ratio of 15.18, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. The company has a 50-day moving average price of $69.07 and a 200-day moving average price of $65.63.

Berry Global Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.86%. The ex-dividend date was Monday, December 2nd. This is a positive change from Berry Global Group's previous quarterly dividend of $0.28. Berry Global Group's dividend payout ratio (DPR) is currently 28.25%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on BERY shares. StockNews.com assumed coverage on shares of Berry Global Group in a research report on Wednesday, December 11th. They issued a "buy" rating for the company. UBS Group cut Berry Global Group from a "buy" rating to a "neutral" rating and dropped their target price for the company from $82.00 to $75.00 in a research report on Friday, November 22nd. Citigroup reissued a "neutral" rating and issued 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 objective on the stock. Finally, JPMorgan Chase & Co. reiterated an "overweight" rating and issued a $76.00 target price (up from $70.00) on shares of Berry Global Group in a report on Monday, November 25th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target 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.