Berry Global Group, Inc. (NYSE:BERY) Shares Acquired by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC lifted its stake in Berry Global Group, Inc. (NYSE:BERY) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,765 shares of the industrial products company’s stock after purchasing an additional 466 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Berry Global Group were worth $1,343,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in shares of Berry Global Group by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,982,517 shares of the industrial products company’s stock valued at $134,806,000 after purchasing an additional 27,437 shares during the last quarter. Sound Income Strategies LLC increased its position in Berry Global Group by 13.4% in the 4th quarter. Sound Income Strategies LLC now owns 72,914 shares of the industrial products company’s stock valued at $4,715,000 after acquiring an additional 8,622 shares during the period. Hancock Whitney Corp acquired a new position in Berry Global Group during the 3rd quarter worth approximately $1,065,000. Integrated Investment Consultants LLC acquired a new position in Berry Global Group during the 3rd quarter worth approximately $714,000. Finally, Allspring Global Investments Holdings LLC increased its position in Berry Global Group by 4.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 835,334 shares of the industrial products company’s stock worth $56,786,000 after purchasing an additional 37,242 shares during the period. 95.36% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. UBS Group lowered their price target on Berry Global Group from $75.00 to $72.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Barclays increased their price target on Berry Global Group from $64.00 to $75.00 and gave the stock 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 note on Monday, November 25th. JPMorgan Chase & Co. restated an “overweight” rating and set a $76.00 price objective (up from $70.00) on shares of Berry Global Group in a report on Monday, November 25th. Finally, Royal Bank of Canada upped their price objective on Berry Global Group from $69.00 to $73.00 and gave the stock a “sector perform” rating in a report on Thursday, November 21st. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $73.30.

Berry Global Group Trading Down 0.3 %

Berry Global Group stock opened at $68.25 on Friday. The company has a 50 day moving average price of $67.60 and a 200 day moving average price of $66.84. The firm has a market capitalization of $7.90 billion, a price-to-earnings ratio of 15.55, a P/E/G ratio of 1.44 and a beta of 1.16. Berry Global Group, Inc. has a 52 week low of $54.06 and a 52 week high of $73.31. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.82%. The ex-dividend date was Monday, December 2nd. This is a positive change from Berry Global Group’s previous quarterly dividend of $0.28. Berry Global Group’s 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.