Key Points
- CEO Ole Rosgaard sold 9,733 shares on December 15 at an average price of $70.24 for about $683,646, reducing his stake by 13.07% to 64,707 shares (≈$4.545M).
- Dividend: Greif declared a quarterly dividend of $0.56 per share (annualized $2.24, ~3.2% yield) with an ex-dividend date of December 18 and payment on January 1; payout ratio ~71.1%.
- Market/analyst snapshot: Greif has a market cap of ~$3.3B and a P/E of 22.1, trades near its 52-week high (~$70.61), and carries a consensus "Hold" rating with a $69.50 target.
Greif, Inc. (NYSE:GEF - Get Free Report) CEO Ole Rosgaard sold 9,733 shares of the company's stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $70.24, for a total transaction of $683,645.92. Following the transaction, the chief executive officer directly owned 64,707 shares of the company's stock, valued at approximately $4,545,019.68. This represents a 13.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Greif Price Performance
Greif stock opened at $69.55 on Thursday. Greif, Inc. has a 1 year low of $48.23 and a 1 year high of $70.61. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.18 and a current ratio of 1.41. The firm has a 50 day moving average price of $61.74 and a 200 day moving average price of $63.25. The company has a market cap of $3.30 billion, a price-to-earnings ratio of 22.09 and a beta of 0.95.
Greif Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 1st. Shareholders of record on Thursday, December 18th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Thursday, December 18th. Greif's payout ratio is 71.11%.
Institutional Investors Weigh In On Greif
A number of hedge funds have recently bought and sold shares of the business. Summit Securities Group LLC acquired a new position in shares of Greif in the 1st quarter valued at approximately $37,000. Blue Trust Inc. raised its holdings in Greif by 36.2% in the third quarter. Blue Trust Inc. now owns 662 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 176 shares in the last quarter. State Board of Administration of Florida Retirement System bought a new position in Greif during the 2nd quarter valued at $214,000. Neuberger Berman Group LLC acquired a new position in Greif in the second quarter worth $216,000. Finally, Captrust Financial Advisors bought a new stake in Greif during the second quarter valued at $227,000. Institutional investors and hedge funds own 45.74% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on GEF. Truist Financial reduced their price objective on Greif from $72.00 to $71.00 and set a "hold" rating on the stock in a research note on Monday, September 8th. Wells Fargo & Company lifted their target price on shares of Greif from $67.00 to $68.00 and gave the company an "overweight" rating in a report on Friday, November 7th. Zacks Research downgraded Greif from a "hold" rating to a "strong sell" rating in a report on Tuesday, December 2nd. Wall Street Zen raised Greif from a "sell" rating to a "hold" rating in a research report on Saturday, December 6th. Finally, Bank of America reduced their target price on shares of Greif from $77.00 to $71.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 2nd. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $69.50.
Get Our Latest Report on Greif
Greif Company Profile
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
