Curt Begle Sells 22,541 Shares of BPC Acquisition Corp (BERY) Stock
BPC Acquisition Corp (NYSE:BERY) President Curt Begle sold 22,541 shares of the stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $60.01, for a total transaction of $1,352,685.41. Following the completion of the transaction, the president now directly owns 17,189 shares of the company’s stock, valued at approximately $1,031,511.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of BPC Acquisition Corp (NYSE BERY) traded down 0.60% during midday trading on Monday, reaching $59.52. The company had a trading volume of 572,617 shares. The firm has a market capitalization of $7.76 billion, a price-to-earnings ratio of 25.27 and a beta of 1.08. BPC Acquisition Corp has a 12-month low of $42.74 and a 12-month high of $60.12. The company has a 50 day moving average of $57.41 and a 200 day moving average of $56.09.
BPC Acquisition Corp (NYSE:BERY) last posted its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.83 by $0.10. BPC Acquisition Corp had a return on equity of 76.66% and a net margin of 4.49%. The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the company earned $0.82 earnings per share. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. Analysts anticipate that BPC Acquisition Corp will post $3.04 EPS for the current year.
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BERY has been the subject of a number of research reports. UBS AG started coverage on shares of BPC Acquisition Corp in a report on Tuesday, July 25th. They issued a “buy” rating and a $67.00 target price for the company. Jefferies Group LLC reiterated a “buy” rating and issued a $67.00 price objective (up previously from $63.00) on shares of BPC Acquisition Corp in a report on Friday, July 14th. Royal Bank Of Canada reiterated a “buy” rating and issued a $63.00 price objective on shares of BPC Acquisition Corp in a report on Wednesday, July 12th. SunTrust Banks, Inc. upgraded shares of BPC Acquisition Corp from a “hold” rating to a “buy” rating and raised their price objective for the company from $51.00 to $65.00 in a report on Monday, June 26th. Finally, Robert W. Baird restated a “buy” rating and set a $65.00 price target on shares of BPC Acquisition Corp in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $64.08.
A number of institutional investors and hedge funds have recently modified their holdings of BERY. Acrospire Investment Management LLC raised its stake in BPC Acquisition Corp by 315.6% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,107 shares of the industrial products company’s stock valued at $120,000 after purchasing an additional 1,600 shares during the period. CrestPoint Capital Management LLC bought a new stake in BPC Acquisition Corp during the 2nd quarter valued at approximately $205,000. BlueCrest Capital Management Ltd bought a new stake in BPC Acquisition Corp during the 1st quarter valued at approximately $218,000. Tocqueville Asset Management L.P. bought a new stake in BPC Acquisition Corp during the 2nd quarter valued at approximately $228,000. Finally, Oakbrook Investments LLC bought a new stake in BPC Acquisition Corp during the 3rd quarter valued at approximately $246,000. 93.88% of the stock is currently owned by institutional investors.
BPC Acquisition Corp Company Profile
Berry Global Group, Inc, formerly Berry Plastics Group, Inc, is a provider of value-added plastic consumer packaging, non-woven specialty materials and engineered materials. The Company offers products, such as closures, prescription vials, specialty films, adhesives, nonwovens, drink cups, containers and bottles.
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