tru Independence LLC Cuts Position in Berry Global Group, Inc. (NYSE:BERY)

tru Independence LLC lowered its position in Berry Global Group, Inc. (NYSE:BERY) by 2.9% during the first quarter, Holdings Channel reports. The institutional investor owned 69,185 shares of the industrial products company’s stock after selling 2,064 shares during the quarter. tru Independence LLC’s holdings in Berry Global Group were worth $4,184,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of BERY. GAMMA Investing LLC purchased a new stake in shares of Berry Global Group during the fourth quarter worth about $31,000. Blue Trust Inc. grew its position in Berry Global Group by 203.7% during the 4th quarter. Blue Trust Inc. now owns 650 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 436 shares during the last quarter. Quarry LP increased its stake in Berry Global Group by 433.1% during the 4th quarter. Quarry LP now owns 757 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 615 shares in the last quarter. CWM LLC raised its holdings in shares of Berry Global Group by 200.0% in the fourth quarter. CWM LLC now owns 1,575 shares of the industrial products company’s stock worth $106,000 after buying an additional 1,050 shares during the last quarter. Finally, Versor Investments LP acquired a new stake in shares of Berry Global Group during the fourth quarter worth $238,000. Institutional investors own 95.36% of the company’s stock.

Insider Buying and Selling

In other news, Director Peter T. Thomas purchased 1,000 shares of the stock in a transaction dated Thursday, May 23rd. The shares were purchased at an average cost of $59.50 per share, with a total value of $59,500.00. Following the completion of the purchase, the director now directly owns 4,407 shares of the company’s stock, valued at approximately $262,216.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CFO Mark W. Miles sold 1,118 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $60.29, for a total value of $67,404.22. Following the completion of the sale, the chief financial officer now owns 119,384 shares of the company’s stock, valued at $7,197,661.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Peter T. Thomas acquired 1,000 shares of Berry Global Group stock in a transaction that occurred on Thursday, May 23rd. The shares were bought at an average price of $59.50 per share, for a total transaction of $59,500.00. Following the transaction, the director now owns 4,407 shares of the company’s stock, valued at approximately $262,216.50. The disclosure for this purchase can be found here. Insiders own 4.00% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on BERY shares. StockNews.com raised Berry Global Group from a “hold” rating to a “buy” rating in a research report on Tuesday, June 25th. Truist Financial restated a “hold” rating and issued a $68.00 price objective (down from $75.00) on shares of Berry Global Group in a research note on Wednesday, March 27th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $62.00 target price (down previously from $72.00) on shares of Berry Global Group in a research report on Friday, March 15th. Bank of America raised their price target on shares of Berry Global Group from $74.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Finally, Robert W. Baird restated a “neutral” rating and set a $65.00 target price (down from $68.00) on shares of Berry Global Group in a research report on Tuesday, April 16th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $72.60.

Berry Global Group Price Performance

NYSE BERY traded down $0.17 during trading hours on Tuesday, reaching $58.03. The company’s stock had a trading volume of 255,972 shares, compared to its average volume of 1,116,278. The firm has a market capitalization of $6.64 billion, a price-to-earnings ratio of 13.82, a P/E/G ratio of 1.23 and a beta of 1.17. The company’s 50-day moving average is $59.48 and its two-hundred day moving average is $61.15. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.74 and a quick ratio of 1.01. Berry Global Group, Inc. has a 1-year low of $53.92 and a 1-year high of $69.93.

Berry Global Group (NYSE:BERY) last announced its earnings results on Thursday, May 9th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.05. The firm had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.16 billion. Berry Global Group had a return on equity of 26.55% and a net margin of 4.12%. The business’s revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.96 EPS. On average, equities analysts predict that Berry Global Group, Inc. will post 7.43 EPS for the current year.

Berry Global Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a dividend of $0.275 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.90%. Berry Global Group’s dividend payout ratio is currently 26.13%.

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.