Hancock Holding Co. decreased its position in BPC Acquisition Corp (NYSE:BERY) by 2.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,929 shares of the industrial products company’s stock after selling 683 shares during the period. Hancock Holding Co.’s holdings in BPC Acquisition Corp were worth $1,478,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of BERY. Great West Life Assurance Co. Can boosted its holdings in BPC Acquisition Corp by 4.2% in the first quarter. Great West Life Assurance Co. Can now owns 13,240 shares of the industrial products company’s stock valued at $642,000 after acquiring an additional 532 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its holdings in BPC Acquisition Corp by 2.9% in the first quarter. Public Employees Retirement Association of Colorado now owns 3,992 shares of the industrial products company’s stock valued at $194,000 after acquiring an additional 111 shares during the last quarter. US Bancorp DE boosted its holdings in BPC Acquisition Corp by 25.9% in the first quarter. US Bancorp DE now owns 11,683 shares of the industrial products company’s stock valued at $568,000 after acquiring an additional 2,406 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in BPC Acquisition Corp by 9.1% in the first quarter. Bank of New York Mellon Corp now owns 644,644 shares of the industrial products company’s stock valued at $31,310,000 after acquiring an additional 53,589 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in BPC Acquisition Corp by 23.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,779 shares of the industrial products company’s stock valued at $232,000 after acquiring an additional 919 shares during the last quarter. Institutional investors and hedge funds own 94.64% of the company’s stock.

Shares of BPC Acquisition Corp (BERY) opened at 55.73 on Thursday. The firm has a market cap of $7.27 billion, a price-to-earnings ratio of 23.66 and a beta of 1.09. BPC Acquisition Corp has a 12 month low of $42.46 and a 12 month high of $58.95. The company has a 50-day moving average price of $56.90 and a 200-day moving average price of $54.73.

BPC Acquisition Corp (NYSE:BERY) last announced its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.10. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.94 billion. BPC Acquisition Corp had a return on equity of 76.66% and a net margin of 4.49%. The company’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 earnings per share. Analysts forecast that BPC Acquisition Corp will post $3.03 earnings per share for the current fiscal year.

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Several research firms recently issued reports on BERY. ValuEngine upgraded BPC Acquisition Corp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Royal Bank Of Canada restated a “buy” rating and set a $63.00 target price on shares of BPC Acquisition Corp in a report on Wednesday, July 12th. Jefferies Group LLC restated a “buy” rating and set a $63.00 target price on shares of BPC Acquisition Corp in a report on Thursday, June 8th. Zacks Investment Research upgraded BPC Acquisition Corp from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Tuesday, June 6th. Finally, Barclays PLC raised their target price on BPC Acquisition Corp from $65.00 to $71.00 and gave the stock an “overweight” rating in a report on Monday, August 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. BPC Acquisition Corp presently has an average rating of “Buy” and a consensus price target of $64.17.

About BPC Acquisition Corp

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.

Institutional Ownership by Quarter for BPC Acquisition Corp (NYSE:BERY)

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