Ardagh Metal Packaging S.A. (NYSE:AMBP) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) by 0.7% in the third quarter, HoldingsChannel reports. The firm owned 1,784,882 shares of the company’s stock after buying an additional 11,963 shares during the period. Geode Capital Management LLC’s holdings in Ardagh Metal Packaging were worth $6,729,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in AMBP. Ballentine Partners LLC acquired a new position in shares of Ardagh Metal Packaging in the 3rd quarter valued at about $42,000. nVerses Capital LLC raised its position in Ardagh Metal Packaging by 70.4% during the third quarter. nVerses Capital LLC now owns 12,100 shares of the company’s stock valued at $46,000 after acquiring an additional 5,000 shares in the last quarter. Quarry LP purchased a new stake in Ardagh Metal Packaging in the 2nd quarter worth approximately $45,000. Signaturefd LLC grew its stake in shares of Ardagh Metal Packaging by 23.1% during the 3rd quarter. Signaturefd LLC now owns 18,739 shares of the company’s stock worth $71,000 after purchasing an additional 3,515 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of Ardagh Metal Packaging by 34.5% during the 2nd quarter. Principal Financial Group Inc. now owns 19,521 shares of the company’s stock valued at $66,000 after purchasing an additional 5,009 shares in the last quarter. 16.93% of the stock is owned by hedge funds and other institutional investors.

Ardagh Metal Packaging Price Performance

Shares of NYSE AMBP opened at $2.97 on Friday. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of -24.75, a price-to-earnings-growth ratio of 0.79 and a beta of 0.61. The company’s 50-day simple moving average is $3.45 and its 200-day simple moving average is $3.55. The company has a quick ratio of 0.88, a current ratio of 1.17 and a debt-to-equity ratio of 124.21. Ardagh Metal Packaging S.A. has a 52-week low of $2.93 and a 52-week high of $4.26.

Ardagh Metal Packaging (NYSE:AMBP) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. Ardagh Metal Packaging had a positive return on equity of 1,760.00% and a negative net margin of 0.99%. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the business earned $0.06 EPS. Ardagh Metal Packaging’s quarterly revenue was up 1.5% on a year-over-year basis. Equities analysts predict that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 13.47%. The ex-dividend date of this dividend was Thursday, December 5th. Ardagh Metal Packaging’s payout ratio is -333.31%.

Analyst Ratings Changes

A number of analysts recently issued reports on AMBP shares. Wells Fargo & Company raised shares of Ardagh Metal Packaging from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $4.25 to $5.00 in a report on Tuesday, October 15th. Citigroup raised their target price on Ardagh Metal Packaging from $4.00 to $4.50 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Finally, Bank of America cut Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and reduced their price target for the stock from $4.90 to $4.00 in a report on Wednesday, December 11th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Ardagh Metal Packaging currently has an average rating of “Hold” and a consensus price target of $3.92.

Ardagh Metal Packaging Profile

Ardagh Metal Packaging SA, together with its subsidiaries, supplies consumer metal beverage cans in Europe, the United States, and Brazil. Its products are used in various end-use categories, including beer, carbonated soft drinks, energy drinks, hard seltzers, juices, pre-mixed cocktails, teas, sparkling waters, and wine.