Berry Global Group, Inc. (NYSE:BERY) Stake Boosted by SG Americas Securities LLC

SG Americas Securities LLC increased its position in shares of Berry Global Group, Inc. (NYSE:BERYGet Rating) by 43.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,018 shares of the industrial products company’s stock after acquiring an additional 1,531 shares during the period. SG Americas Securities LLC’s holdings in Berry Global Group were worth $274,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of BERY. HGK Asset Management Inc. increased its position in Berry Global Group by 4.7% in the 2nd quarter. HGK Asset Management Inc. now owns 81,861 shares of the industrial products company’s stock worth $4,473,000 after purchasing an additional 3,701 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Berry Global Group by 251.2% in the second quarter. Russell Investments Group Ltd. now owns 149,301 shares of the industrial products company’s stock worth $8,155,000 after buying an additional 106,792 shares during the last quarter. Skylands Capital LLC raised its position in Berry Global Group by 26.6% during the second quarter. Skylands Capital LLC now owns 21,400 shares of the industrial products company’s stock valued at $1,169,000 after acquiring an additional 4,500 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Berry Global Group by 251.1% in the second quarter. Assenagon Asset Management S.A. now owns 59,672 shares of the industrial products company’s stock valued at $3,260,000 after acquiring an additional 42,674 shares during the last quarter. Finally, Dupont Capital Management Corp grew its position in Berry Global Group by 67.0% in the second quarter. Dupont Capital Management Corp now owns 16,401 shares of the industrial products company’s stock worth $896,000 after acquiring an additional 6,582 shares in the last quarter. Institutional investors and hedge funds own 89.88% of the company’s stock.

Berry Global Group Price Performance

Shares of Berry Global Group stock opened at $48.91 on Wednesday. The firm has a fifty day moving average price of $49.47 and a two-hundred day moving average price of $53.83. Berry Global Group, Inc. has a fifty-two week low of $44.52 and a fifty-two week high of $74.73. The company has a debt-to-equity ratio of 3.05, a current ratio of 1.79 and a quick ratio of 1.04. The company has a market cap of $6.62 billion, a PE ratio of 8.75, a price-to-earnings-growth ratio of 0.61 and a beta of 1.18.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Morgan Stanley reduced their price objective on shares of Berry Global Group from $61.00 to $55.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 18th. Wells Fargo & Company decreased their price target on Berry Global Group from $74.00 to $68.00 and set an “overweight” rating for the company in a research note on Wednesday, October 12th. UBS Group cut their price objective on Berry Global Group from $78.00 to $73.00 in a research note on Wednesday, July 13th. Citigroup decreased their target price on Berry Global Group from $72.00 to $66.00 and set a “buy” rating for the company in a research report on Tuesday, October 11th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Berry Global Group from $69.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, October 24th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $67.64.

Insider Buying and Selling

In other Berry Global Group news, President Michael Edward Hill sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, September 26th. The stock was sold at an average price of $47.17, for a total value of $47,170.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Berry Global Group news, President Michael Edward Hill sold 1,000 shares of the business’s stock in a transaction on Monday, September 26th. The shares were sold at an average price of $47.17, for a total value of $47,170.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Tom Salmon sold 24,207 shares of the firm’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $16.00, for a total transaction of $387,312.00. Following the transaction, the chief executive officer now directly owns 66,193 shares of the company’s stock, valued at $1,059,088. The disclosure for this sale can be found here. 2.70% of the stock is owned by company insiders.

Berry Global Group Company Profile

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Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products in consumer and industrial end markets. The company operates through Consumer Packaging International; Consumer Packaging North America; Engineered Materials; and Health, Hygiene & Specialties segments. The Consumer Packaging International segment offers closures and dispensing systems, pharmaceutical devices and packaging, bottles and canisters, containers, and technical components.

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Institutional Ownership by Quarter for Berry Global Group (NYSE:BERY)

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