California Public Employees Retirement System boosted its position in BPC Acquisition Corp (NYSE:BERY) by 0.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 282,890 shares of the industrial products company’s stock after buying an additional 2,500 shares during the quarter. California Public Employees Retirement System owned 0.22% of BPC Acquisition Corp worth $16,128,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of BERY. Public Employees Retirement Association of Colorado raised its position in shares of BPC Acquisition Corp by 2.9% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 3,992 shares of the industrial products company’s stock valued at $194,000 after purchasing an additional 111 shares in the last quarter. Westpac Banking Corp boosted its stake in shares of BPC Acquisition Corp by 2.2% during the 1st quarter. Westpac Banking Corp now owns 6,633 shares of the industrial products company’s stock valued at $322,000 after buying an additional 142 shares during the last quarter. Reliant Investment Management LLC boosted its stake in shares of BPC Acquisition Corp by 0.4% during the 2nd quarter. Reliant Investment Management LLC now owns 36,185 shares of the industrial products company’s stock valued at $2,063,000 after buying an additional 145 shares during the last quarter. Aperio Group LLC boosted its stake in shares of BPC Acquisition Corp by 2.8% during the 2nd quarter. Aperio Group LLC now owns 9,460 shares of the industrial products company’s stock valued at $539,000 after buying an additional 261 shares during the last quarter. Finally, Symphony Asset Management LLC grew its position in shares of BPC Acquisition Corp by 4.0% during the second quarter. Symphony Asset Management LLC now owns 7,671 shares of the industrial products company’s stock worth $438,000 after buying an additional 295 shares in the last quarter. Hedge funds and other institutional investors own 94.64% of the company’s stock.

BERY has been the subject of a number of research analyst reports. Citigroup Inc. restated a “buy” rating on shares of BPC Acquisition Corp in a research note on Thursday, August 31st. SunTrust Banks, Inc. raised shares of BPC Acquisition Corp from a “hold” rating to a “buy” rating and upped their price target for the company from $51.00 to $65.00 in a report on Monday, June 26th. KeyCorp reiterated a “hold” rating on shares of BPC Acquisition Corp in a research note on Friday, August 25th. Robert W. Baird reiterated a “buy” rating and set a $65.00 price objective on shares of BPC Acquisition Corp in a research note on Friday, September 1st. Finally, Jefferies Group LLC reissued a “buy” rating and set a $63.00 price objective on shares of BPC Acquisition Corp in a report on Thursday, June 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $64.17.

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BPC Acquisition Corp (NYSE:BERY) opened at 57.41 on Tuesday. The stock has a 50 day moving average of $56.64 and a 200-day moving average of $55.13. BPC Acquisition Corp has a 52-week low of $42.46 and a 52-week high of $58.95. The company has a market capitalization of $7.49 billion, a P/E ratio of 24.38 and a beta of 1.08.

BPC Acquisition Corp (NYSE:BERY) last issued its earnings results on Thursday, August 3rd. The industrial products company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.10. The business had revenue of $1.91 billion during 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%. BPC Acquisition Corp’s revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.82 earnings per share. On average, equities analysts forecast that BPC Acquisition Corp will post $3.03 earnings per share for the current year.

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

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