Jeppson Wealth Management LLC Trims Stake in Berry Global Group, Inc. (NYSE:BERY)

Jeppson Wealth Management LLC lowered its position in Berry Global Group, Inc. (NYSE:BERYFree Report) by 5.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,930 shares of the industrial products company’s stock after selling 210 shares during the quarter. Jeppson Wealth Management LLC’s holdings in Berry Global Group were worth $254,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in BERY. UMB Bank n.a. increased its holdings in shares of Berry Global Group by 89.0% in the 4th quarter. UMB Bank n.a. now owns 650 shares of the industrial products company’s stock worth $42,000 after buying an additional 306 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in Berry Global Group in the third quarter worth $75,000. GAMMA Investing LLC increased its stake in Berry Global Group by 332.6% in the third quarter. GAMMA Investing LLC now owns 1,181 shares of the industrial products company’s stock valued at $80,000 after acquiring an additional 908 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Berry Global Group during the third quarter valued at about $152,000. Finally, Merit Financial Group LLC bought a new stake in Berry Global Group during the fourth quarter worth about $200,000. Hedge funds and other institutional investors own 95.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on BERY shares. Citigroup reiterated a “neutral” rating and set a $76.00 price objective on shares of Berry Global Group in a research report on Monday, November 25th. JPMorgan Chase & Co. reissued an “overweight” rating and set a $76.00 price target (up from $70.00) on shares of Berry Global Group in a research note on Monday, November 25th. Royal Bank of Canada upped their price objective on shares of 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 lifted their target price on shares of Berry Global Group from $64.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Finally, StockNews.com started coverage on shares of Berry Global Group in a research report on Tuesday. They set a “buy” rating for the company. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $73.30.

Read Our Latest Analysis on BERY

Berry Global Group Stock Up 1.3 %

Shares of NYSE:BERY opened at $69.19 on Tuesday. The stock’s 50-day moving average is $67.65 and its 200 day moving average is $66.95. The company has a market cap of $8.01 billion, a PE ratio of 15.76, a P/E/G ratio of 1.44 and a beta of 1.16. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.25 and a quick ratio of 0.80. 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 was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, December 2nd. This is a boost from Berry Global Group’s previous quarterly dividend of $0.28. This represents a $1.24 annualized dividend and a dividend yield of 1.79%. Berry Global Group’s payout ratio is 28.25%.

Berry Global Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Berry Global Group (NYSE:BERY)

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