The EVP – General Counsel of Berry Plastics is Exercising Options

Today it was reported that the EVP – General Counsel of Berry Plastics (BERY), Jason Greene, exercised options to buy 2,545 BERY shares at $21.00 a share, for a total transaction value of $53.45K.

Following this transaction Jason Greene’s holding in the company was increased by 5090% to a total of $36.65K. This is Greene’s first Buy trade following 5 Sell transactions.

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Based on Berry Plastics’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $1.97 billion and quarterly net profit of $88 million. In comparison, last year the company earned revenue of $1.78 billion and had a net profit of $163 million. BERY’s market cap is $6.84B and the company has a P/E ratio of 16.81. Currently, Berry Plastics has an average volume of 904.7K.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $59.00, reflecting a 12.5% upside.

In the last 30 days, insiders have sold $500.4K worth of BERY shares and purchased $53.45K worth of BERY shares.

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Berry Global Group, Inc. engages in the provision of value added engineered materials, nonwoven specialty materials and consumer packaging with customized solutions. It operates through the following segments: Consumer Packaging; Health, Hygiene & Specialties; and Engineered Materials.

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