Versor Investments LP Invests $2.13 Million in Berry Global Group, Inc. (NYSE:BERY)

Versor Investments LP bought a new position in Berry Global Group, Inc. (NYSE:BERY - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 31,333 shares of the industrial products company's stock, valued at approximately $2,130,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BERY. Atria Investments Inc increased its stake in Berry Global Group by 4.8% in the 3rd quarter. Atria Investments Inc now owns 42,512 shares of the industrial products company's stock worth $2,890,000 after purchasing an additional 1,945 shares in the last quarter. CWA Asset Management Group LLC purchased a new stake in shares of Berry Global Group in the 3rd quarter valued at approximately $376,000. Capital Performance Advisors LLP acquired a new position in Berry Global Group in the 3rd quarter worth approximately $75,000. Foster & Motley Inc. grew its position in Berry Global Group by 162.4% during the 3rd quarter. Foster & Motley Inc. now owns 19,170 shares of the industrial products company's stock worth $1,303,000 after purchasing an additional 11,865 shares in the last quarter. Finally, QRG Capital Management Inc. grew its position in Berry Global Group by 14.7% during the 3rd quarter. QRG Capital Management Inc. now owns 8,979 shares of the industrial products company's stock worth $610,000 after purchasing an additional 1,151 shares in the last quarter. 95.36% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Berry Global Group

In related news, Director Evan Bayh sold 14,000 shares of the business's stock in a transaction dated 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 owns 30,228 shares of the company's stock, valued at approximately $2,119,889.64. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.00% of the stock is currently owned by company insiders.

Berry Global Group Stock Up 1.5 %

Shares of NYSE BERY traded up $0.99 during mid-day trading on Monday, reaching $68.28. 597,807 shares of the company traded hands, compared to its average volume of 990,124. The company's fifty day moving average is $67.96 and its two-hundred day moving average is $63.85. Berry Global Group, Inc. has a fifty-two week low of $54.06 and a fifty-two week high of $71.63. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.08 and a current ratio of 1.82. The stock has a market cap of $7.82 billion, a PE ratio of 14.59, a price-to-earnings-growth ratio of 1.11 and a beta of 1.14.

Berry Global Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.31 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This is a positive change 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 1.82%. Berry Global Group's dividend payout ratio (DPR) is presently 26.50%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BERY. StockNews.com started coverage on Berry Global Group in a research report on Thursday. They set a "hold" rating for the company. Truist Financial raised their price target on shares of Berry Global Group from $68.00 to $74.00 and gave the stock a "hold" rating in a report on Tuesday, October 15th. UBS Group dropped their price objective on shares of Berry Global Group from $89.00 to $77.00 and set a "buy" rating on the stock in a research note on Wednesday, July 17th. Finally, Morgan Stanley started coverage on shares of Berry Global Group in a report on Wednesday, September 4th. They set an "equal weight" rating and a $76.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $71.22.

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.