EverSource Wealth Advisors LLC Acquires 666 Shares of Berry Global Group, Inc. (NYSE:BERY)

EverSource Wealth Advisors LLC boosted its holdings in shares of Berry Global Group, Inc. (NYSE:BERY) by 2.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,927 shares of the industrial products company’s stock after purchasing an additional 666 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Berry Global Group were worth $1,966,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd bought a new position in shares of Berry Global Group during the 2nd quarter valued at approximately $27,000. Quest Partners LLC increased its position in shares of Berry Global Group by 54,800.0% during the 2nd quarter. Quest Partners LLC now owns 549 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 548 shares during the last quarter. LRI Investments LLC increased its position in shares of Berry Global Group by 1,309.1% during the 2nd quarter. LRI Investments LLC now owns 620 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 576 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Berry Global Group during the 2nd quarter valued at approximately $42,000. Finally, American Capital Advisory LLC purchased a new position in Berry Global Group during the 2nd quarter valued at $44,000. Institutional investors own 95.36% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on BERY shares. Truist Financial restated a “hold” rating and set a $72.00 price objective (down previously from $74.00) on shares of Berry Global Group in a report on Wednesday. Morgan Stanley began coverage on Berry Global Group in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $76.00 target price for the company. Finally, StockNews.com upgraded Berry Global Group from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $71.00.

Insiders Place Their Bets

In other news, Director Evan Bayh sold 14,000 shares of the firm’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 completion of the transaction, the director now directly owns 30,228 shares in the company, valued at $2,119,889.64. This trade represents a 31.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 4.00% of the stock is owned by insiders.

Berry Global Group Price Performance

NYSE:BERY opened at $69.01 on Thursday. Berry Global Group, Inc. has a one year low of $54.06 and a one year high of $72.50. 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 $7.91 billion, a PE ratio of 15.72, a P/E/G ratio of 1.10 and a beta of 1.14. The stock has a 50 day moving average price of $67.99 and a 200 day moving average price of $64.27.

Berry Global Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid 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 is Monday, December 2nd. This represents a $1.24 annualized dividend and a yield of 1.80%. Berry Global Group’s dividend payout ratio (DPR) is 28.25%.

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.