Royal Bank of Canada raised its position in Berry Plastics Group Inc. (NYSE:BERY) by 18.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 842,136 shares of the company’s stock after buying an additional 129,793 shares during the period. Royal Bank of Canada owned approximately 0.69% of Berry Plastics Group worth $32,718,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in BERY. Boston Advisors LLC purchased a new position in shares of Berry Plastics Group during the second quarter worth approximately $5,263,000. Falcon Point Capital LLC increased its position in shares of Berry Plastics Group by 1.9% in the second quarter. Falcon Point Capital LLC now owns 294,216 shares of the company’s stock worth $11,430,000 after buying an additional 5,382 shares in the last quarter. Bank of Montreal Can purchased a new position in shares of Berry Plastics Group during the second quarter worth approximately $10,841,000. Adams Diversified Equity Fund Inc. purchased a new position in shares of Berry Plastics Group during the second quarter worth approximately $392,000. Finally, IBM Retirement Fund purchased a new position in shares of Berry Plastics Group during the second quarter worth approximately $474,000.

Institutional Ownership by Quarter for Berry Plastics Group (NYSE:BERY)

Berry Plastics Group Inc. (NYSE:BERY) traded down 1.25% during midday trading on Friday, reaching $45.75. The company’s stock had a trading volume of 1,149,907 shares. Berry Plastics Group Inc. has a 12-month low of $27.79 and a 12-month high of $46.68. The stock’s 50 day moving average is $44.32 and its 200 day moving average is $41.39. The stock has a market cap of $5.56 billion, a P/E ratio of 27.36 and a beta of 1.07.

A number of brokerages have commented on BERY. Zacks Investment Research upgraded shares of Berry Plastics Group from a “sell” rating to a “hold” rating in a report on Thursday, November 10th. Jefferies Group restated a “buy” rating and set a $52.00 price objective on shares of Berry Plastics Group in a report on Thursday, October 20th. JPMorgan Chase & Co. assumed coverage on shares of Berry Plastics Group in a report on Tuesday, September 13th. They set an “overweight” rating and a $54.00 price objective on the stock. Deutsche Bank AG restated a “buy” rating and set a $56.00 price objective (up previously from $52.00) on shares of Berry Plastics Group in a report on Monday, August 29th. Finally, Robert W. Baird upped their price objective on shares of Berry Plastics Group from $48.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, August 26th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $49.08.

In other news, President Curt Begle sold 4,734 shares of Berry Plastics Group stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $44.00, for a total value of $208,296.00. Following the completion of the transaction, the president now owns 33,854 shares in the company, valued at approximately $1,489,576. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.70% of the stock is owned by insiders.

About Berry Plastics Group

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.

5 Day Chart for NYSE:BERY

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