Berry Global Group Inc (NYSE:BERY) Shares Bought by First National Bank of Omaha

First National Bank of Omaha boosted its holdings in shares of Berry Global Group Inc (NYSE:BERY) by 22.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 73,003 shares of the industrial products company’s stock after buying an additional 13,451 shares during the period. First National Bank of Omaha’s holdings in Berry Global Group were worth $2,867,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Mackay Shields LLC raised its holdings in shares of Berry Global Group by 15.2% in the 3rd quarter. Mackay Shields LLC now owns 146,999 shares of the industrial products company’s stock valued at $5,773,000 after purchasing an additional 19,407 shares in the last quarter. Synovus Financial Corp acquired a new stake in shares of Berry Global Group in the 3rd quarter valued at $246,000. Cohen Capital Management Inc. grew its position in shares of Berry Global Group by 24.9% in the 3rd quarter. Cohen Capital Management Inc. now owns 128,225 shares of the industrial products company’s stock valued at $5,035,000 after buying an additional 25,577 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Berry Global Group by 84.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 354,907 shares of the industrial products company’s stock valued at $13,945,000 after buying an additional 162,800 shares during the last quarter. Finally, Renaissance Group LLC grew its position in shares of Berry Global Group by 6.5% in the 3rd quarter. Renaissance Group LLC now owns 491,746 shares of the industrial products company’s stock valued at $19,311,000 after buying an additional 29,805 shares during the last quarter. Institutional investors own 94.86% of the company’s stock.

Berry Global Group stock traded up $0.40 during midday trading on Friday, hitting $41.95. 863,283 shares of the company’s stock were exchanged, compared to its average volume of 1,006,995. Berry Global Group Inc has a 12-month low of $36.98 and a 12-month high of $59.16. The company has a debt-to-equity ratio of 3.52, a quick ratio of 1.14 and a current ratio of 1.88. The stock has a market cap of $5.50 billion, a price-to-earnings ratio of 12.45, a price-to-earnings-growth ratio of 0.93 and a beta of 1.26. The firm’s 50 day simple moving average is $39.85 and its 200 day simple moving average is $46.11.

A number of research firms recently commented on BERY. TheStreet downgraded shares of Berry Global Group from a “b” rating to a “c+” rating in a research report on Tuesday, July 30th. ValuEngine downgraded shares of Berry Global Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. began coverage on shares of Berry Global Group in a research report on Tuesday, July 16th. They issued an “overweight” rating and a $63.00 target price on the stock. Citigroup dropped their target price on shares of Berry Global Group from $59.00 to $58.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Finally, Goldman Sachs Group reaffirmed a “buy” rating and issued a $52.00 target price on shares of Berry Global Group in a research report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $59.38.

About Berry Global Group

Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products. The company operates through three segments: Engineered Materials; Health, Hygiene & Specialties; and Consumer Packaging. The Engineered Materials segment offers engineered materials, including stretch and shrink films, and converter films; trash-can liners and food bags; cloth and foil, splicing and laminating, flame-retardant, flashing and seaming tapes, double-faced cloth, masking, mounting, OEM, and medical and specialty tapes; and food and consumer films, retail bags, and polyvinyl chloride films.

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

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