Greif, Inc. (NYSE:GEF) CEO Sells $54,810.00 in Stock

Greif, Inc. (NYSE:GEF - Get Free Report) CEO Ole G. Rosgaard sold 783 shares of Greif stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $70.00, for a total value of $54,810.00. Following the sale, the chief executive officer directly owned 77,433 shares in the company, valued at $5,420,310. The trade was a 1.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Greif Stock Performance

Greif stock traded up $0.29 during trading on Thursday, hitting $69.95. The stock had a trading volume of 41,384 shares, compared to its average volume of 177,339. The company has a quick ratio of 0.96, a current ratio of 1.27 and a debt-to-equity ratio of 1.07. The stock's 50 day moving average is $59.01 and its two-hundred day moving average is $58.32. Greif, Inc. has a 1 year low of $48.23 and a 1 year high of $73.16. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 19.68, a price-to-earnings-growth ratio of 1.72 and a beta of 0.99.

Greif (NYSE:GEF - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.08 by $0.11. The business had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1.43 billion. Greif had a return on equity of 10.21% and a net margin of 3.74%. The firm's quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.82 EPS. As a group, analysts predict that Greif, Inc. will post 4.11 EPS for the current year.

Greif Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 17th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend was Tuesday, June 17th. Greif's dividend payout ratio is presently 60.85%.

Hedge Funds Weigh In On Greif

A number of institutional investors have recently added to or reduced their stakes in GEF. Summit Securities Group LLC purchased a new position in shares of Greif during the 1st quarter valued at about $37,000. Parallel Advisors LLC lifted its stake in shares of Greif by 104.9% in the 1st quarter. Parallel Advisors LLC now owns 838 shares of the industrial products company's stock valued at $46,000 after purchasing an additional 429 shares during the period. Quarry LP bought a new stake in shares of Greif during the 4th quarter valued at $53,000. PharVision Advisers LLC purchased a new stake in shares of Greif in the 4th quarter worth approximately $207,000. Finally, Nomura Holdings Inc. purchased a new position in Greif during the fourth quarter valued at $209,000. 45.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on GEF shares. Truist Financial decreased their target price on shares of Greif from $65.00 to $56.00 and set a "hold" rating for the company in a research report on Tuesday, April 22nd. Wells Fargo & Company lowered their price objective on shares of Greif from $75.00 to $67.00 and set an "overweight" rating on the stock in a report on Tuesday, June 3rd. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Greif has a consensus rating of "Moderate Buy" and an average price target of $74.17.

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.