Atria Investments Inc Has $2.89 Million Stock Holdings in Berry Global Group, Inc. (NYSE:BERY)

Atria Investments Inc boosted its position in Berry Global Group, Inc. (NYSE:BERY) by 4.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,512 shares of the industrial products company’s stock after acquiring an additional 1,945 shares during the period. Atria Investments Inc’s holdings in Berry Global Group were worth $2,890,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd bought a new position in shares of Berry Global Group in the 2nd quarter valued at about $27,000. Quest Partners LLC lifted its holdings in Berry Global Group by 54,800.0% in the second quarter. Quest Partners LLC now owns 549 shares of the industrial products company’s stock valued at $32,000 after buying an additional 548 shares during the period. LRI Investments LLC boosted its stake in Berry Global Group by 1,309.1% in the second quarter. LRI Investments LLC now owns 620 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 576 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Berry Global Group during the 2nd quarter worth $42,000. Finally, American Capital Advisory LLC bought a new stake in shares of Berry Global Group during the 2nd quarter valued at $44,000. 95.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BERY. Morgan Stanley began coverage on Berry Global Group in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $76.00 price target on the stock. Truist Financial boosted their target price on Berry Global Group from $68.00 to $74.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. UBS Group lowered 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. Finally, StockNews.com assumed coverage on shares of Berry Global Group in a research note on Thursday, November 7th. They set a “hold” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $71.22.

Berry Global Group Price Performance

Shares of BERY opened at $67.00 on Thursday. 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 firm has a market capitalization of $7.68 billion, a PE ratio of 14.32, a P/E/G ratio of 1.12 and a beta of 1.14. The stock has a 50 day simple moving average of $67.93 and a 200 day simple moving average of $63.95. Berry Global Group, Inc. has a 52-week low of $54.06 and a 52-week high of $71.63.

Berry Global Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.31 per share. This is an increase from Berry Global Group’s previous quarterly dividend of $0.28. The ex-dividend date is Monday, December 2nd. This represents a $1.24 annualized dividend and a dividend yield of 1.85%. Berry Global Group’s dividend payout ratio is currently 23.50%.

Insider Buying and Selling

In related news, Director Evan Bayh sold 14,000 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $70.13, for a total value of $981,820.00. Following the completion of the transaction, the director now directly owns 30,228 shares of the company’s stock, valued at approximately $2,119,889.64. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.00% of the stock is currently owned by company insiders.

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.