Vestcor Inc Has $47,000 Position in Berry Global Group, Inc. (NYSE:BERY)

Vestcor Inc reduced its position in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) by 92.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 686 shares of the industrial products company's stock after selling 8,200 shares during the quarter. Vestcor Inc's holdings in Berry Global Group were worth $47,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. M&T Bank Corp raised its position in shares of Berry Global Group by 3.1% during the 3rd quarter. M&T Bank Corp now owns 5,832 shares of the industrial products company's stock valued at $396,000 after acquiring an additional 173 shares during the last quarter. Guardian Wealth Management Inc. grew its stake in shares of Berry Global Group by 1.2% during the third quarter. Guardian Wealth Management Inc. now owns 29,990 shares of the industrial products company's stock worth $2,039,000 after purchasing an additional 367 shares during the period. Barclays PLC increased its holdings in Berry Global Group by 87.1% in the third quarter. Barclays PLC now owns 101,956 shares of the industrial products company's stock valued at $6,931,000 after purchasing an additional 47,476 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Berry Global Group by 8.7% in the third quarter. Public Employees Retirement System of Ohio now owns 55,785 shares of the industrial products company's stock valued at $3,792,000 after buying an additional 4,458 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in Berry Global Group in the third quarter valued at about $440,000. 95.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BERY has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their price target on 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. Barclays upped their target price on shares of Berry Global Group from $64.00 to $75.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 27th. 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. StockNews.com started coverage on shares of Berry Global Group in a research report on Wednesday. They issued a "buy" rating for the company. Finally, 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 report on Wednesday, November 20th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Berry Global Group currently has a consensus rating of "Hold" and a consensus target price of $73.73.

Insider Activity at Berry Global Group

In related news, Director Evan Bayh sold 14,000 shares of the company'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 sale, the director now owns 30,228 shares in the company, valued at approximately $2,119,889.64. This represents a 31.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.00% of the stock is owned by insiders.

Berry Global Group Stock Down 1.0 %

Berry Global Group stock traded down $0.72 during midday trading on Friday, reaching $67.94. The stock had a trading volume of 1,287,716 shares, compared to its average volume of 1,113,700. The stock has a market capitalization of $7.83 billion, a P/E ratio of 15.48, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. The firm's fifty day simple moving average is $69.05 and its 200-day simple moving average is $65.51. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.80 and a current ratio of 1.25. Berry Global Group, Inc. has a 1-year low of $54.06 and a 1-year high of $73.31.

Berry Global Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.31 per share. This is a boost from Berry Global Group's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.24 annualized dividend and a yield of 1.83%. Berry Global Group's dividend payout ratio is presently 28.25%.

About Berry Global Group

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.