Berry Global Group, Inc. (NYSE:BERY) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA cut its holdings in Berry Global Group, Inc. (NYSE:BERY) by 20.6% during the third quarter, Holdings Channel reports. The institutional investor owned 132,105 shares of the industrial products company’s stock after selling 34,227 shares during the period. Leeward Investments LLC MA’s holdings in Berry Global Group were worth $8,980,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Altshuler Shaham Ltd acquired a new stake in Berry Global Group in the second quarter valued at $27,000. Quest Partners LLC grew its holdings in shares of Berry Global Group by 54,800.0% during the second quarter. Quest Partners LLC now owns 549 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 548 shares during the last quarter. LRI Investments LLC grew its holdings in shares of Berry Global Group by 1,309.1% during the second quarter. LRI Investments LLC now owns 620 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 576 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Berry Global Group during the second quarter worth about $42,000. Finally, American Capital Advisory LLC purchased a new position in shares of Berry Global Group during the second quarter worth about $44,000. 95.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Berry Global Group

In other news, Director Evan Bayh sold 14,000 shares of Berry Global Group stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $70.13, for a total transaction of $981,820.00. Following the completion of the sale, the director now directly owns 30,228 shares in the company, valued at approximately $2,119,889.64. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.00% of the stock is owned by corporate insiders.

Berry Global Group Price Performance

Shares of BERY opened at $67.28 on Friday. Berry Global Group, Inc. has a twelve month low of $54.06 and a twelve month high of $71.63. The stock’s 50 day moving average is $68.00 and its two-hundred day moving average is $63.60. The firm has a market capitalization of $7.71 billion, a PE ratio of 14.38, a P/E/G ratio of 1.17 and a beta of 1.14. The company has a current ratio of 1.82, a quick ratio of 1.08 and a debt-to-equity ratio of 2.57.

Berry Global Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is 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 currently 23.50%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. StockNews.com assumed coverage on Berry Global Group in a report on Thursday. They set a “hold” rating on the stock. UBS Group dropped their price objective on Berry Global Group from $89.00 to $77.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Truist Financial raised their price target on Berry Global Group from $68.00 to $74.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Finally, Morgan Stanley initiated coverage on Berry Global Group in a report on Wednesday, September 4th. They set an “equal weight” rating and a $76.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $71.22.

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.