Franklin Resources Inc. Acquires 3,744 Shares of Berry Global Group, Inc. (NYSE:BERY)

Franklin Resources Inc. lifted its holdings in shares of Berry Global Group, Inc. (NYSE:BERY) by 1.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 313,329 shares of the industrial products company’s stock after acquiring an additional 3,744 shares during the quarter. Franklin Resources Inc. owned approximately 0.27% of Berry Global Group worth $21,711,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BERY. M&T Bank Corp lifted its holdings in shares of Berry Global Group by 3.1% during the third quarter. M&T Bank Corp now owns 5,832 shares of the industrial products company’s stock valued at $396,000 after purchasing an additional 173 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Berry Global Group by 1.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,424 shares of the industrial products company’s stock worth $555,000 after purchasing an additional 176 shares during the last quarter. Creative Planning boosted its stake in Berry Global Group by 3.0% in the 3rd 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. Guardian Wealth Management Inc. grew its position in Berry Global Group by 1.0% during the 2nd quarter. Guardian Wealth Management Inc. now owns 29,623 shares of the industrial products company’s stock valued at $1,743,000 after purchasing an additional 287 shares during the last quarter. Finally, US Bancorp DE increased its holdings in Berry Global Group by 9.1% in the 3rd quarter. US Bancorp DE now owns 3,725 shares of the industrial products company’s stock worth $253,000 after buying an additional 311 shares in the last quarter. Hedge funds and other institutional investors own 95.36% of the company’s stock.

Berry Global Group Stock Up 0.0 %

Berry Global Group stock opened at $64.69 on Friday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.80 and a current ratio of 1.25. Berry Global Group, Inc. has a fifty-two week low of $54.06 and a fifty-two week high of $73.31. The company has a market cap of $7.45 billion, a PE ratio of 14.74, a PEG ratio of 1.38 and a beta of 1.14. The business’s 50-day simple moving average is $68.98 and its two-hundred day simple moving average is $65.66.

Berry Global Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.31 per share. This is a boost from Berry Global Group’s previous quarterly dividend of $0.28. This represents a $1.24 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Monday, December 2nd. Berry Global Group’s dividend payout ratio (DPR) is currently 28.25%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on BERY shares. Truist Financial reiterated a “hold” rating and set a $72.00 target price (down from $74.00) on shares of Berry Global Group in a research report on Wednesday, November 20th. Morgan Stanley assumed coverage on shares of Berry Global Group in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $76.00 price objective on the stock. StockNews.com started coverage on Berry Global Group in a research report on Thursday. They issued a “buy” rating on the stock. JPMorgan Chase & Co. restated an “overweight” rating and issued a $76.00 price target (up from $70.00) on shares of Berry Global Group in a research note on Monday, November 25th. Finally, Royal Bank of Canada boosted 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. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $73.40.

Insider Buying and Selling at Berry Global Group

In other Berry Global Group 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 transaction of $981,820.00. Following the completion of the transaction, the director now directly owns 30,228 shares in the company, valued at approximately $2,119,889.64. This represents a 31.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.00% of the stock is currently owned by corporate 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.