BlackRock Advisors LLC decreased its position in shares of Berry Plastics Group Inc. (NYSE:BERY) by 10.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 342,852 shares of the company’s stock after selling 40,028 shares during the period. BlackRock Advisors LLC owned 0.28% of Berry Plastics Group worth $13,320,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Boston Partners boosted its position in shares of Berry Plastics Group by 20.8% in the second quarter. Boston Partners now owns 7,068,663 shares of the company’s stock worth $274,617,000 after buying an additional 1,218,267 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Berry Plastics Group by 33.2% in the first quarter. Goldman Sachs Group Inc. now owns 3,169,686 shares of the company’s stock worth $114,584,000 after buying an additional 789,332 shares during the period. State Street Corp boosted its position in shares of Berry Plastics Group by 1.0% in the first quarter. State Street Corp now owns 2,108,862 shares of the company’s stock worth $76,241,000 after buying an additional 19,904 shares during the period. Newbrook Capital Advisors LP acquired a new position in shares of Berry Plastics Group during the first quarter worth about $76,125,000. Finally, Norges Bank acquired a new position in shares of Berry Plastics Group during the fourth quarter worth about $37,812,000. 96.50% of the stock is owned by institutional investors.
Shares of Berry Plastics Group Inc. (NYSE:BERY) opened at 42.81 on Wednesday. Berry Plastics Group Inc. has a 52 week low of $27.79 and a 52 week high of $46.26. The company has a market capitalization of $5.21 billion, a price-to-earnings ratio of 25.60 and a beta of 1.08. The stock has a 50 day moving average of $44.52 and a 200-day moving average of $39.77.
Berry Plastics Group (NYSE:BERY) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $0.82 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.21. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Berry Plastics Group had a net margin of 3.41% and a return on equity of 1,464.14%. The business’s revenue for the quarter was up 32.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 earnings per share. On average, analysts anticipate that Berry Plastics Group Inc. will post $2.34 EPS for the current year.
A number of research analysts recently issued reports on BERY shares. Robert W. Baird lifted their price target on shares of Berry Plastics Group from $48.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, August 26th. Zacks Investment Research cut shares of Berry Plastics Group from a “buy” rating to a “sell” rating in a research report on Tuesday, July 12th. Deutsche Bank AG reissued a “buy” rating on shares of Berry Plastics Group in a research report on Wednesday, June 15th. Citigroup Inc. lifted their price target on shares of Berry Plastics Group from $45.00 to $47.00 and gave the company a “buy” rating in a research report on Tuesday, July 19th. Finally, RBC Capital Markets reissued an “outperform” rating and set a $47.00 price target (up from $44.00) on shares of Berry Plastics Group in a research report on Saturday, August 13th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Berry Plastics Group has a consensus rating of “Buy” and an average target price of $48.38.
In other news, President Curt Begle sold 15,266 shares of the company’s stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $44.05, for a total value of $672,467.30. Following the transaction, the president now directly owns 33,854 shares in the company, valued at $1,491,268.70. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.70% of the stock is currently owned by insiders.
Berry Plastics Group Company Profile
Berry Plastics Group, Inc is a provider of plastic consumer packaging and engineered materials. The Company offers a range of products, including specialty closures, prescription vials, specialty films, adhesives, corrosion protection materials, as well as drink cups, thin-wall containers and bottles.
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