apricus wealth LLC Boosts Stake in Berry Global Group, Inc. (NYSE:BERY)

apricus wealth LLC raised its position in Berry Global Group, Inc. (NYSE:BERY) by 3.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 33,116 shares of the industrial products company’s stock after purchasing an additional 1,145 shares during the period. apricus wealth LLC’s holdings in Berry Global Group were worth $2,142,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EdgePoint Investment Group Inc. increased its position in shares of Berry Global Group by 2.2% during the third quarter. EdgePoint Investment Group Inc. now owns 15,279,107 shares of the industrial products company’s stock worth $1,038,674,000 after acquiring an additional 336,186 shares during the period. State Street Corp increased its position in shares of Berry Global Group by 10.4% during the third quarter. State Street Corp now owns 3,831,824 shares of the industrial products company’s stock worth $260,487,000 after acquiring an additional 360,857 shares during the period. FMR LLC boosted its stake in shares of Berry Global Group by 38.4% during the third quarter. FMR LLC now owns 3,807,317 shares of the industrial products company’s stock valued at $258,821,000 after purchasing an additional 1,055,756 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Berry Global Group by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,982,517 shares of the industrial products company’s stock valued at $134,806,000 after purchasing an additional 27,437 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Berry Global Group by 29.2% during the second quarter. AQR Capital Management LLC now owns 1,438,866 shares of the industrial products company’s stock valued at $84,677,000 after purchasing an additional 325,562 shares in the last quarter. 95.36% of the stock is owned by hedge funds and other institutional investors.

Berry Global Group Trading Down 0.3 %

NYSE:BERY opened at $68.25 on Friday. Berry Global Group, Inc. has a 12 month low of $54.06 and a 12 month high of $73.31. The firm has a fifty day simple moving average of $67.60 and a 200-day simple moving average of $66.78. The company has a current ratio of 1.25, a quick ratio of 0.80 and a debt-to-equity ratio of 2.08. The company has a market capitalization of $7.90 billion, a P/E ratio of 15.55, a PEG ratio of 1.44 and a beta of 1.16.

Berry Global Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.31 per share. This is an increase from Berry Global Group’s previous quarterly dividend of $0.28. This represents a $1.24 annualized dividend and a dividend yield of 1.82%. The ex-dividend date was Monday, December 2nd. Berry Global Group’s payout ratio is presently 28.25%.

Analysts Set New Price Targets

BERY has been the topic of a number of recent research reports. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $76.00 price objective (up from $70.00) on shares of Berry Global Group in a research note on Monday, November 25th. StockNews.com initiated coverage on shares of Berry Global Group in a research note on Monday, January 20th. They set a “buy” rating on the stock. Citigroup reiterated a “neutral” rating and set a $76.00 price objective on shares of Berry Global Group in a research note on Monday, November 25th. Barclays increased their price objective on shares of Berry Global Group from $64.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Finally, Royal Bank of Canada raised their target price on shares of Berry Global Group from $69.00 to $73.00 and gave the company a “sector perform” rating in a research note on Thursday, November 21st. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $73.30.

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.