Greif (NYSE:GEF) CEO Ole Rosgaard Sells 9,733 Shares

Greif, Inc. (NYSE:GEF) CEO Ole Rosgaard sold 9,733 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $70.24, for a total value of $683,645.92. Following the completion of the transaction, the chief executive officer directly owned 64,707 shares in the company, valued at $4,545,019.68. The trade was a 13.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Greif Stock Performance

NYSE:GEF traded up $0.55 during trading hours on Wednesday, hitting $69.98. 156,302 shares of the company traded hands, compared to its average volume of 195,276. The company has a current ratio of 1.41, a quick ratio of 1.18 and a debt-to-equity ratio of 1.00. Greif, Inc. has a twelve month low of $48.23 and a twelve month high of $70.61. The firm has a 50-day moving average of $61.55 and a 200 day moving average of $63.20. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of 22.27 and a beta of 0.95.

Greif Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 1st. Investors of record on Thursday, December 18th will be given a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Thursday, December 18th. Greif’s dividend payout ratio is 71.11%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Dark Forest Capital Management LP increased its holdings in Greif by 30.8% during the 3rd quarter. Dark Forest Capital Management LP now owns 44,390 shares of the industrial products company’s stock worth $2,653,000 after purchasing an additional 10,444 shares in the last quarter. Verition Fund Management LLC increased its position in Greif by 285.0% during the third quarter. Verition Fund Management LLC now owns 43,600 shares of the industrial products company’s stock worth $2,606,000 after buying an additional 32,274 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its stake in Greif by 10.9% in the third quarter. Mercer Global Advisors Inc. ADV now owns 7,473 shares of the industrial products company’s stock valued at $447,000 after buying an additional 737 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Greif by 75.5% in the third quarter. Ameriprise Financial Inc. now owns 524,603 shares of the industrial products company’s stock valued at $31,352,000 after buying an additional 225,659 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC boosted its stake in shares of Greif by 154.3% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 29,141 shares of the industrial products company’s stock worth $1,741,000 after acquiring an additional 17,681 shares during the period. Institutional investors own 45.74% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on GEF. Wells Fargo & Company boosted their price target on Greif from $67.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Weiss Ratings restated a “hold (c)” rating on shares of Greif in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Greif from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Bank of America cut their price target on shares of Greif from $77.00 to $71.00 and set a “neutral” rating for the company in a report on Tuesday, September 2nd. Finally, Truist Financial decreased their price objective on shares of Greif from $72.00 to $71.00 and set a “hold” rating on the stock in a research note on Monday, September 8th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $69.50.

About Greif

Greif, Inc engages in the production and sale of industrial packaging products and services worldwide. The company operates through Global Industrial Packaging; Paper Packaging & Services; and Land Management segments. The Global Industrial Packaging segment produces and sells industrial packaging products, including steel, fiber, and plastic drums; rigid and flexible intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and various services, such as container life cycle management, filling, logistics, warehousing, and other packaging services to chemicals, paints and pigments, food and beverage, petroleum, industrial coatings, agriculture, pharmaceuticals, mineral product, and other industries.