Vestcor Inc Sells 8,200 Shares of Berry Global Group, Inc. (NYSE:BERY)

Vestcor Inc trimmed its position in shares of Berry Global Group, Inc. (NYSE:BERY) by 92.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 & Exchange Commission.

A number of other hedge funds have also bought and sold shares of BERY. Altshuler Shaham Ltd bought a new position in Berry Global Group during the 2nd quarter valued at about $27,000. Quest Partners LLC boosted its position in shares of Berry Global Group by 54,800.0% during the second quarter. Quest Partners LLC now owns 549 shares of the industrial products company’s stock valued at $32,000 after buying an additional 548 shares during the period. LRI Investments LLC grew its stake in shares of Berry Global Group by 1,309.1% during the second quarter. LRI Investments LLC now owns 620 shares of the industrial products company’s stock valued at $36,000 after buying an additional 576 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of Berry Global Group in the second quarter worth approximately $42,000. Finally, American Capital Advisory LLC bought a new stake in shares of Berry Global Group during the 2nd quarter worth approximately $44,000. Institutional investors own 95.36% of the company’s stock.

Berry Global Group Trading Down 1.0 %

Shares of NYSE:BERY opened at $67.94 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.80 and a debt-to-equity ratio of 2.08. The company has a market capitalization of $7.83 billion, a PE ratio of 15.48, a P/E/G ratio of 1.38 and a beta of 1.14. Berry Global Group, Inc. has a 12-month low of $54.06 and a 12-month high of $73.31. The business’s fifty day simple moving average is $69.05 and its 200-day simple moving average is $65.47.

Berry Global Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $0.31 dividend. The ex-dividend date of this dividend is Monday, December 2nd. 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 1.83%. Berry Global Group’s payout ratio is currently 28.25%.

Insider Buying and Selling at Berry Global Group

In other news, Director Evan Bayh sold 14,000 shares of the 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 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on BERY shares. Truist Financial reiterated a “hold” rating and issued a $72.00 target price (down previously from $74.00) on shares of Berry Global Group in a research note on Wednesday, November 20th. UBS Group downgraded shares of Berry Global Group from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $82.00 to $75.00 in a research note on Friday, November 22nd. Barclays boosted their price objective on shares of Berry Global Group from $64.00 to $75.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Royal Bank of Canada raised their target price on shares of Berry Global Group from $69.00 to $73.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 21st. Finally, Morgan Stanley started coverage on Berry Global Group in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $76.00 price target for the company. 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.com, the stock presently has a consensus rating of “Hold” and an average target price of $73.73.

Berry Global Group 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.