J2 Capital Management Inc Purchases New Shares in Berry Global Group, Inc. (NYSE:BERY)

J2 Capital Management Inc acquired a new position in Berry Global Group, Inc. (NYSE:BERY) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,291 shares of the industrial products company’s stock, valued at approximately $342,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. M&T Bank Corp lifted its position 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. Vanguard Personalized Indexing Management LLC raised its stake in shares of Berry Global Group by 1.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,424 shares of the industrial products company’s stock worth $555,000 after acquiring an additional 176 shares during the last quarter. Creative Planning lifted its position in shares of Berry Global Group by 3.0% during 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 in the last quarter. US Bancorp DE grew its stake in shares of Berry Global Group by 9.1% during the third 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 during the last quarter. Finally, Guardian Wealth Management Inc. increased its holdings in shares of 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 purchasing an additional 367 shares in the last quarter. Institutional investors and hedge funds own 95.36% of the company’s stock.

Wall Street Analyst Weigh In

BERY has been the topic of a number of recent research reports. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $76.00 price objective (up from $70.00) on shares of Berry Global Group in a research report on Monday, November 25th. UBS Group decreased their price target 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. Citigroup reiterated a “neutral” rating and issued a $76.00 price objective on shares of Berry Global Group in a research report on Monday, November 25th. Barclays upped their target price 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. Finally, Royal Bank of Canada lifted their price target on shares of Berry Global Group from $69.00 to $73.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 21st. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Berry Global Group has a consensus rating of “Hold” and an average target price of $73.30.

Berry Global Group Stock Up 0.1 %

Shares of NYSE BERY opened at $67.69 on Friday. The firm has a 50 day moving average price of $67.51 and a 200 day moving average price of $66.51. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.80 and a current ratio of 1.25. The stock has a market cap of $7.83 billion, a P/E ratio of 15.42, a P/E/G ratio of 1.38 and a beta of 1.16. Berry Global Group, Inc. has a 52-week low of $54.06 and a 52-week high of $73.31.

Berry Global Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a $0.31 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.83%. This is a boost from Berry Global Group’s previous quarterly dividend of $0.28. Berry Global Group’s dividend payout ratio is currently 28.25%.

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.