Insider Selling: Berry Plastics Group CFO Unloads 30,000 Shares of Stock (BERY)
Berry Plastics Group (NASDAQ:BERY) CFO Mark W. Miles sold 30,000 shares of the stock on the open market in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $24.56, for a total transaction of $736,800.00. Following the completion of the sale, the chief financial officer now directly owns 112,916 shares of the company’s stock, valued at approximately $2,773,217. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
BERY has been the subject of a number of recent research reports. Analysts at Bank of America raised their price target on shares of Berry Plastics Group to $29.00 in a research note on Monday, August 4th. Analysts at Macquarie reiterated an “outperform” rating on shares of Berry Plastics Group in a research note on Thursday, May 22nd. They now have a $30.00 price target on the stock, up previously from $28.00. One analyst has rated the stock with a sell rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $29.67.
Shares of Berry Plastics Group (NASDAQ:BERY) traded up 0.04% during mid-day trading on Monday, hitting $24.51. 668,645 shares of the company’s stock traded hands. Berry Plastics Group has a 1-year low of $18.09 and a 1-year high of $26.50. The stock’s 50-day moving average is $25.45 and its 200-day moving average is $23.92. The company has a market cap of $2.880 billion and a price-to-earnings ratio of 50.20.
Berry Plastics Group (NASDAQ:BERY) last issued its quarterly earnings data on Friday, August 1st. The company reported $51.00 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.37 by $50.63. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.30 billion. Analysts expect that Berry Plastics Group will post $1.32 EPS for the current fiscal year.
Berry Plastics Group, Inc (NASDAQ:BERY) is a provider of plastic consumer packaging and engineered materials.
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