Geode Capital Management LLC decreased its stake in shares of Berry Plastics Group Inc. (NYSE:BERY) by 13.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 771,029 shares of the company’s stock after selling 120,391 shares during the period. Geode Capital Management LLC owned about 0.64% of Berry Plastics Group worth $27,872,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of BERY. Vanguard Group Inc. raised its stake in Berry Plastics Group by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 9,403,056 shares of the company’s stock valued at $340,202,000 after buying an additional 51,625 shares during the period. TIAA CREF Investment Management LLC raised its stake in Berry Plastics Group by 28.5% in the first quarter. TIAA CREF Investment Management LLC now owns 7,817,838 shares of the company’s stock valued at $282,615,000 after buying an additional 1,731,853 shares during the period. Brenner West Capital Advisors LLC raised its stake in Berry Plastics Group by 6.9% in the fourth quarter. Brenner West Capital Advisors LLC now owns 3,172,000 shares of the company’s stock valued at $114,763,000 after buying an additional 204,238 shares during the period. Goldman Sachs Group Inc. raised its stake in 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 valued at $114,584,000 after buying an additional 789,332 shares during the period. Finally, Lord Abbett & CO. LLC raised its stake in Berry Plastics Group by 15.8% in the fourth quarter. Lord Abbett & CO. LLC now owns 2,262,118 shares of the company’s stock valued at $81,843,000 after buying an additional 308,142 shares during the period.
Berry Plastics Group Inc. (NYSE:BERY) traded up 1.67% during mid-day trading on Tuesday, hitting $41.40. The stock had a trading volume of 2,123,489 shares. The stock’s 50 day moving average price is $38.71 and its 200 day moving average price is $35.18. The firm has a market capitalization of $5.01 billion and a price-to-earnings ratio of 51.69. Berry Plastics Group Inc. has a one year low of $27.79 and a one year high of $41.55.
BERY has been the subject of several analyst reports. Zacks Investment Research lowered Berry Plastics Group from a “buy” rating to a “sell” rating in a report on Tuesday, July 12th. SunTrust Banks Inc. initiated coverage on Berry Plastics Group in a report on Tuesday, July 12th. They issued a “neutral” rating and a $42.00 target price for the company. Deutsche Bank AG restated a “buy” rating on shares of Berry Plastics Group in a report on Wednesday, May 18th. TheStreet upgraded Berry Plastics Group from a “hold” rating to a “buy” rating in a report on Tuesday, May 10th. Finally, Robert W. Baird reiterated a “buy” rating on shares of Berry Plastics Group in a report on Thursday, May 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $43.00.
In other Berry Plastics Group news, President Curt Begle sold 10,770 shares of Berry Plastics Group stock in a transaction dated Wednesday, May 11th. The stock was sold at an average price of $38.26, for a total transaction of $412,060.20. Following the transaction, the president now directly owns 39,890 shares of the company’s stock, valued at approximately $1,526,191.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jason K. Greene sold 6,314 shares of Berry Plastics Group stock in a transaction dated Tuesday, May 24th. The stock was sold at an average price of $39.02, for a total value of $246,372.28. Following the transaction, the executive vice president now directly owns 1,674 shares in the company, valued at $65,319.48. The disclosure for this sale can be found here.
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.
