Janus Henderson Group PLC Has $3.38 Million Stock Holdings in Berry Global Group, Inc. (NYSE:BERY)

Janus Henderson Group PLC lessened its stake in shares of Berry Global Group, Inc. (NYSE:BERY) by 7.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,733 shares of the industrial products company’s stock after selling 4,100 shares during the period. Janus Henderson Group PLC’s holdings in Berry Global Group were worth $3,381,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BERY. Envestnet Portfolio Solutions Inc. grew its holdings in Berry Global Group by 9.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 4,077 shares of the industrial products company’s stock valued at $240,000 after purchasing an additional 355 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Berry Global Group by 68.8% in the second quarter. Blue Trust Inc. now owns 1,536 shares of the industrial products company’s stock valued at $93,000 after acquiring an additional 626 shares during the period. Shayne & Jacobs LLC boosted its position in shares of Berry Global Group by 2.0% in the second quarter. Shayne & Jacobs LLC now owns 18,270 shares of the industrial products company’s stock valued at $1,075,000 after acquiring an additional 360 shares during the period. Neo Ivy Capital Management bought a new stake in shares of Berry Global Group in the second quarter valued at approximately $800,000. Finally, Dakota Wealth Management bought a new stake in shares of Berry Global Group in the second quarter valued at approximately $1,481,000. Institutional investors and hedge funds own 95.36% of the company’s stock.

Insider Transactions at Berry Global Group

In other news, Director Evan Bayh sold 14,000 shares of Berry Global Group stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $70.13, for a total transaction of $981,820.00. Following the transaction, the director now owns 30,228 shares in the company, valued at $2,119,889.64. The trade was a 31.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 4.00% of the company’s stock.

Berry Global Group Price Performance

Shares of BERY stock opened at $68.77 on Thursday. The stock has a 50-day moving average price of $68.97 and a 200 day moving average price of $65.38. The company has a quick ratio of 0.80, a current ratio of 1.25 and a debt-to-equity ratio of 2.08. The firm has a market cap of $7.92 billion, a price-to-earnings ratio of 15.67, a PEG ratio of 1.39 and a beta of 1.14. Berry Global Group, Inc. has a 12 month low of $54.06 and a 12 month high of $73.31.

Berry Global Group Increases Dividend

The business also recently announced 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 a positive change from Berry Global Group’s previous quarterly dividend of $0.28. This represents a $1.24 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Monday, December 2nd. Berry Global Group’s payout ratio is presently 28.25%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BERY shares. Royal Bank of Canada increased their price objective on 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. Barclays raised their target price on Berry Global Group from $64.00 to $75.00 and gave the stock 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 report on Monday, November 25th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $76.00 target price (up from $70.00) on shares of Berry Global Group in a research report on Monday, November 25th. Finally, Morgan Stanley started coverage on Berry Global Group in a report on Wednesday, September 4th. They set an “equal weight” rating and a $76.00 price objective for the company. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Berry Global Group presently has an average rating of “Hold” and an average price target of $73.73.

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.