Foster & Motley Inc. Has $1.48 Million Stock Holdings in Berry Global Group, Inc. (NYSE:BERY)

Foster & Motley Inc. increased its position in shares of Berry Global Group, Inc. (NYSE:BERY) by 19.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,858 shares of the industrial products company’s stock after buying 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.

Other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. grew its position in Berry Global Group by 89.0% during the fourth 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 in the last quarter. Capital Performance Advisors LLP acquired a new stake in Berry Global Group during the third quarter worth about $75,000. GAMMA Investing LLC boosted its holdings in Berry Global Group by 332.6% during the third quarter. GAMMA Investing LLC now owns 1,181 shares of the industrial products company’s stock valued at $80,000 after purchasing an additional 908 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Berry Global Group during the third quarter valued at approximately $152,000. Finally, Townsquare Capital LLC acquired a new stake in Berry Global Group during the third quarter valued at approximately $201,000. 95.36% of the stock is owned by institutional investors and hedge funds.

Berry Global Group Stock Performance

BERY stock opened at $68.40 on Friday. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.25 and a quick ratio of 0.80. The company has a 50 day moving average price of $67.64 and a 200 day moving average price of $67.02. Berry Global Group, Inc. has a fifty-two week low of $54.06 and a fifty-two week high of $73.31. The stock has a market capitalization of $7.91 billion, a PE ratio of 15.58, a price-to-earnings-growth ratio of 1.44 and a beta of 1.16.

Berry Global Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.81%. The ex-dividend date is Monday, March 3rd. Berry Global Group’s dividend payout ratio (DPR) is presently 28.25%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Barclays lifted their price objective on Berry Global Group from $64.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. UBS Group decreased their price objective on Berry Global Group from $75.00 to $72.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. StockNews.com assumed coverage on Berry Global Group in a report on Tuesday. They set a “buy” rating on the stock. Royal Bank of Canada lifted their price objective on Berry Global Group from $69.00 to $73.00 and gave the company a “sector perform” rating in a report on Thursday, November 21st. Finally, Truist Financial boosted their target price on Berry Global Group from $72.00 to $74.00 and gave the stock a “hold” rating in a report on Monday, January 6th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $73.30.

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.