Foster & Motley Inc. Acquires 3,688 Shares of Berry Global Group, Inc. (NYSE:BERY)

Foster & Motley Inc. raised its holdings in shares of Berry Global Group, Inc. (NYSE:BERY) by 19.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 22,858 shares of the industrial products company’s stock after purchasing an additional 3,688 shares during the quarter. Foster & Motley Inc.’s holdings in Berry Global Group were worth $1,478,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Geode Capital Management LLC increased its position 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 buying an additional 27,437 shares in the last quarter. Sound Income Strategies LLC increased its position in shares of 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 buying an additional 8,622 shares in the last quarter. Hancock Whitney Corp bought a new stake in shares of Berry Global Group in the 3rd quarter valued at $1,065,000. Integrated Investment Consultants LLC bought a new stake in shares of Berry Global Group in the 3rd quarter valued at $714,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Berry Global Group by 4.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 835,334 shares of the industrial products company’s stock valued at $56,786,000 after buying an additional 37,242 shares in the last quarter. Institutional investors own 95.36% of the company’s stock.

Berry Global Group Price Performance

Shares of NYSE BERY opened at $68.40 on Friday. The company has a fifty day moving average price of $67.64 and a 200 day moving average price of $67.02. Berry Global Group, Inc. has a 1-year low of $54.06 and a 1-year high of $73.31. The company has a current ratio of 1.25, a quick ratio of 0.80 and a debt-to-equity ratio of 2.08. The firm has a market cap of $7.91 billion, a PE ratio of 15.58, a PEG ratio of 1.44 and a beta of 1.16.

Berry Global Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.31 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.81%. Berry Global Group’s dividend payout ratio is 28.25%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. 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 report on Thursday, November 21st. JPMorgan Chase & Co. restated an “overweight” rating and issued a $76.00 price objective (up previously from $70.00) on shares of Berry Global Group in a research report on Monday, November 25th. Barclays upped their price objective on shares of Berry Global Group from $64.00 to $75.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Citigroup reaffirmed a “neutral” rating and issued a $76.00 target price on shares of Berry Global Group in a research note on Monday, November 25th. Finally, UBS Group reduced their target price on shares of Berry Global Group from $75.00 to $72.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $73.30.

Berry Global Group Company 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.