Fifth Third Bancorp Has $6.49 Million Stock Holdings in Berry Global Group, Inc. (NYSE:BERY)

Fifth Third Bancorp decreased its position in shares of Berry Global Group, Inc. (NYSE:BERY) by 54.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 100,407 shares of the industrial products company’s stock after selling 121,979 shares during the period. Fifth Third Bancorp owned 0.09% of Berry Global Group worth $6,493,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. M&T Bank Corp lifted its holdings in Berry Global Group by 3.1% during the 3rd quarter. M&T Bank Corp now owns 5,832 shares of the industrial products company’s stock worth $396,000 after buying an additional 173 shares in the last quarter. Creative Planning raised its holdings in Berry Global Group by 3.0% in the third quarter. Creative Planning now owns 6,827 shares of the industrial products company’s stock worth $464,000 after purchasing an additional 198 shares during the period. UMB Bank n.a. raised its stake in Berry Global Group by 89.0% during 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 period. US Bancorp DE lifted its holdings in shares of Berry Global Group by 9.1% during the 3rd quarter. US Bancorp DE now owns 3,725 shares of the industrial products company’s stock valued at $253,000 after purchasing an additional 311 shares in the last quarter. Finally, Guardian Wealth Management Inc. lifted its stake in Berry Global Group by 1.2% in the third quarter. Guardian Wealth Management Inc. now owns 29,990 shares of the industrial products company’s stock valued at $2,039,000 after buying an additional 367 shares in the last quarter. Hedge funds and other institutional investors own 95.36% of the company’s stock.

Berry Global Group Stock Down 0.3 %

Shares of BERY opened at $68.25 on Monday. The firm has a 50 day simple moving average of $67.60 and a two-hundred day simple moving average of $66.90. The company has a market cap of $7.90 billion, a P/E ratio of 15.55, a P/E/G ratio of 1.44 and a beta of 1.16. Berry Global Group, Inc. has a one year low of $54.06 and a one year high of $73.31. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a $0.31 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This is a positive change from Berry Global Group’s previous quarterly dividend of $0.28. This represents a $1.24 annualized dividend and a yield of 1.82%. Berry Global Group’s dividend payout ratio (DPR) is 28.25%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Royal Bank of Canada increased their target price on shares of Berry Global Group from $69.00 to $73.00 and gave the stock a “sector perform” rating in a report on Thursday, November 21st. Citigroup reissued a “neutral” rating and issued a $76.00 price objective on shares of Berry Global Group in a research report on Monday, November 25th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $76.00 target price (up previously from $70.00) on shares of Berry Global Group in a research report on Monday, November 25th. Truist Financial boosted their price target on Berry Global Group from $72.00 to $74.00 and gave the company a “hold” rating in a research note on Monday, January 6th. Finally, UBS Group lowered their price target on shares of Berry Global Group from $75.00 to $72.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $73.30.

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.