apricus wealth LLC Has $2.17 Million Holdings in Berry Global Group, Inc. (NYSE:BERY)

apricus wealth LLC boosted its holdings in shares of Berry Global Group, Inc. (NYSE:BERY) by 18.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,971 shares of the industrial products company’s stock after buying an additional 4,950 shares during the quarter. apricus wealth LLC’s holdings in Berry Global Group were worth $2,173,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. EdgePoint Investment Group Inc. increased its position in Berry Global Group by 10.3% during the second quarter. EdgePoint Investment Group Inc. now owns 14,942,921 shares of the industrial products company’s stock worth $879,391,000 after buying an additional 1,393,955 shares during the last quarter. Vanguard Group Inc. increased its position in Berry Global Group by 10.2% during the first quarter. Vanguard Group Inc. now owns 12,931,050 shares of the industrial products company’s stock worth $782,070,000 after buying an additional 1,200,021 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Berry Global Group by 30.3% during the second quarter. Dimensional Fund Advisors LP now owns 3,472,624 shares of the industrial products company’s stock worth $204,365,000 after buying an additional 807,211 shares during the last quarter. Eminence Capital LP increased its position in Berry Global Group by 22.2% during the second quarter. Eminence Capital LP now owns 2,714,539 shares of the industrial products company’s stock worth $159,751,000 after buying an additional 492,793 shares during the last quarter. Finally, Ancora Advisors LLC grew its position in shares of Berry Global Group by 18.7% in the first quarter. Ancora Advisors LLC now owns 1,701,163 shares of the industrial products company’s stock valued at $102,886,000 after purchasing an additional 267,413 shares during the last quarter. Institutional investors and hedge funds own 95.36% of the company’s stock.

Berry Global Group Stock Up 0.5 %

Shares of BERY opened at $68.50 on Friday. Berry Global Group, Inc. has a 52 week low of $53.92 and a 52 week high of $70.86. The stock has a market capitalization of $7.84 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 1.10 and a beta of 1.15. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.08 and a current ratio of 1.82. The stock has a fifty day moving average of $67.46 and a 200-day moving average of $62.80.

Berry Global Group (NYSE:BERY) last posted its quarterly earnings data on Friday, August 2nd. The industrial products company reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.16. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.26 billion. Berry Global Group had a return on equity of 27.32% and a net margin of 4.55%. Berry Global Group’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.90 earnings per share. As a group, sell-side analysts anticipate that Berry Global Group, Inc. will post 7.6 earnings per share for the current fiscal year.

Berry Global Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were issued a $0.275 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.10 dividend on an annualized basis and a yield of 1.61%. Berry Global Group’s payout ratio is 26.13%.

Insider Activity at Berry Global Group

In related 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 value of $981,820.00. Following the completion of the sale, the director now directly owns 30,228 shares in the company, valued at $2,119,889.64. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently commented on BERY. StockNews.com downgraded Berry Global Group from a “buy” rating to a “hold” rating in a research report on Tuesday. Truist Financial upped their target price on Berry Global Group from $68.00 to $74.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th. Morgan Stanley began coverage on Berry Global Group in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $76.00 price target for the company. Finally, UBS Group cut their price target on Berry Global Group from $89.00 to $77.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $71.22.

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.