2 weeks Ago By Defense World Staff
Truist Financial reiterated their hold rating on shares of Berry Global Group ( NYSE:BERY – Free Report ) in a research report report published on Wednesday, Benzinga reports. They currently have a $72.00 price objective on the industrial products company’s stock, down from their previous price objective of $74.
00. A number of other brokerages have also recently weighed in on BERY. Morgan Stanley started coverage on Berry Global Group in a research report on Wednesday, September 4th.
They issued an “equal weight” rating and a $76.00 price target on the stock. StockNews.
com upgraded shares of Berry Global Group from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Berry Global Group has a consensus rating of “Hold” and a consensus target price of $72.
00. Read Our Latest Analysis on BERY Berry Global Group Trading Up 1.1 % Berry Global Group Increases Dividend The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th.
Stockholders of record on Monday, December 2nd will be paid a $0.31 dividend. The ex-dividend date is Monday, December 2nd.
This is a positive change from Berry Global Group’s previous quarterly dividend of $0.28. This represents a $1.
24 dividend on an annualized basis and a dividend yield of 1.73%. Berry Global Group’s dividend payout ratio (DPR) is 25.
06%. Insider Activity at Berry Global Group In related news, Director Evan Bayh sold 14,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $70.
13, for a total value of $981,820.00. Following the completion of the sale, the director now owns 30,228 shares of the company’s stock, valued at $2,119,889.
64. This trade represents a 31.65 % decrease in their ownership of the stock.
The sale was disclosed in a document filed with the SEC, which is available at the SEC website . 4.00% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows A number of hedge funds have recently bought and sold shares of BERY. EdgePoint Investment Group Inc. raised its position in shares of Berry Global Group by 16.
7% during the first quarter. EdgePoint Investment Group Inc. now owns 13,548,966 shares of the industrial products company’s stock worth $819,441,000 after acquiring an additional 1,934,137 shares during the last quarter.
Vanguard Group Inc. raised its holdings in Berry Global Group by 10.2% during the 1st quarter.
Vanguard Group Inc. now owns 12,931,050 shares of the industrial products company’s stock worth $782,070,000 after purchasing an additional 1,200,021 shares during the last quarter. FMR LLC raised its holdings in Berry Global Group by 38.
4% during the 3rd quarter. FMR LLC now owns 3,807,317 shares of the industrial products company’s stock worth $258,821,000 after purchasing an additional 1,055,756 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Berry Global Group by 30.
3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,472,624 shares of the industrial products company’s stock valued at $204,365,000 after purchasing an additional 807,211 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Berry Global Group by 280.
1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 798,092 shares of the industrial products company’s stock valued at $46,968,000 after purchasing an additional 588,114 shares during the last quarter. 95.
36% of the stock is currently owned by institutional investors. About Berry Global Group ( Get 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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