5 Stock Picks of Michael O Keefe’s 12th Street Asset Management

1. Berry Global Group, Inc. (NYSE:BERY)

12th Street Asset Management’s Stake Value: $38.4 million

Percentage of 12th Street Asset Management’s 13F Portfolio: 8.48%

Number of hedge fund holdings: 39

Berry Global Group, Inc. (NYSE:BERY) is a global home improvement and equipment manufacturer and distributor.

Mr. O’Keefe’s 12th Street held 631,246 Berry Global Group, Inc. (NYSE:BERY) shares by the end of Q3 2021. These were worth $38.4 million and represented 8.48% of its portfolio. 39 of the 867 hedge funds surveyed by Insider Monkey held a stake in the company by Q3 2021 end.

Berry Global Group, Inc. (NYSE:BERY)’s largest shareholder is Ricky Sandler’s Eminence Capital which holds 4.2 million shares worth $256 million.

Berry Global Group, Inc. (NYSE:BERY) reported $3.6 billion in revenue and $1.64 in GAAP EPS for its Q4, beating analyst estimates for both. Citi raised the company’s price target to $89 in a November 2021 analyst note, highlighting that share repurchases and capital allocation will be positive stock price drivers next year.

You can also take a peek at the 11 Best Food Stocks To Buy Now and 15 Largest Fast Food Companies Is The World.

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