Ardagh Metal Packaging S.A. (NYSE:AMBP) Stock Position Increased by Citigroup Inc.

Citigroup Inc. grew its holdings in Ardagh Metal Packaging S.A. (NYSE:AMBP - Free Report) by 15,834.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,104,806 shares of the company's stock after acquiring an additional 5,072,769 shares during the period. Citigroup Inc. owned about 0.85% of Ardagh Metal Packaging worth $19,245,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Janney Montgomery Scott LLC grew its holdings in Ardagh Metal Packaging by 0.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 641,868 shares of the company's stock valued at $2,420,000 after purchasing an additional 3,290 shares in the last quarter. Signaturefd LLC grew its holdings in Ardagh Metal Packaging by 23.1% during the 3rd quarter. Signaturefd LLC now owns 18,739 shares of the company's stock valued at $71,000 after purchasing an additional 3,515 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Ardagh Metal Packaging by 17.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,881 shares of the company's stock valued at $113,000 after purchasing an additional 4,922 shares in the last quarter. nVerses Capital LLC grew its holdings in Ardagh Metal Packaging by 70.4% during the 3rd quarter. nVerses Capital LLC now owns 12,100 shares of the company's stock valued at $46,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in 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. Hedge funds and other institutional investors own 16.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company raised shares of Ardagh Metal Packaging from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $4.25 to $5.00 in a report on Tuesday, October 15th. Citigroup raised their price objective on shares of Ardagh Metal Packaging from $4.00 to $4.50 and gave the stock a "buy" rating in a report on Wednesday, October 2nd. Finally, Bank of America raised shares of Ardagh Metal Packaging from an "underperform" rating to a "buy" rating and raised their price objective for the stock from $3.80 to $5.10 in a report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Ardagh Metal Packaging presently has a consensus rating of "Hold" and an average price target of $4.08.

Ardagh Metal Packaging Price Performance

NYSE AMBP opened at $3.70 on Wednesday. Ardagh Metal Packaging S.A. has a one year low of $3.16 and a one year high of $4.26. The company has a 50-day simple moving average of $3.76 and a 200-day simple moving average of $3.68. 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 (NYSE:AMBP - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. Ardagh Metal Packaging had a negative net margin of 0.99% and a positive return on equity of 1,760.00%. The business 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 posted $0.06 EPS. The company's quarterly revenue was up 1.5% on a year-over-year basis. Equities analysts forecast that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current year.

Ardagh Metal Packaging Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 10.81%. The ex-dividend date of this dividend is Thursday, December 5th. Ardagh Metal Packaging's dividend payout ratio (DPR) is presently -333.31%.

Ardagh Metal Packaging Company 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.