Bank of New York Mellon Corp Grows Position in Ardagh Metal Packaging S.A. (NYSE:AMBP)

Bank of New York Mellon Corp raised its holdings in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP - Free Report) by 58.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 493,197 shares of the company's stock after acquiring an additional 182,906 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.08% of Ardagh Metal Packaging worth $1,677,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Catalina Capital Group LLC bought a new stake in shares of Ardagh Metal Packaging during the 1st quarter valued at $42,000. Balentine LLC bought a new stake in shares of Ardagh Metal Packaging during the 4th quarter valued at $64,000. Quadrature Capital Ltd bought a new stake in shares of Ardagh Metal Packaging during the 1st quarter valued at $91,000. Sanders Morris Harris LLC bought a new stake in Ardagh Metal Packaging in the 1st quarter valued at $98,000. Finally, HB Wealth Management LLC increased its holdings in Ardagh Metal Packaging by 33.2% in the 1st quarter. HB Wealth Management LLC now owns 32,228 shares of the company's stock valued at $111,000 after acquiring an additional 8,026 shares during the last quarter. Hedge funds and other institutional investors own 16.93% of the company's stock.

Ardagh Metal Packaging Price Performance

Shares of Ardagh Metal Packaging stock traded up $0.05 during trading hours on Thursday, reaching $3.69. The company's stock had a trading volume of 1,224,025 shares, compared to its average volume of 1,358,120. The firm has a 50 day moving average price of $3.53 and a 200-day moving average price of $3.61. Ardagh Metal Packaging S.A. has a one year low of $2.57 and a one year high of $4.17. The company has a debt-to-equity ratio of 124.21, a current ratio of 0.95 and a quick ratio of 0.66. The stock has a market cap of $2.21 billion, a P/E ratio of -26.29, a P/E/G ratio of 0.75 and a beta of 0.61.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last posted its earnings results on Thursday, July 25th. The company reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.01. Ardagh Metal Packaging had a negative net margin of 1.02% and a positive return on equity of 114.77%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the firm posted $0.04 EPS. The business's quarterly revenue was up .3% on a year-over-year basis. On average, analysts predict that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current year.

Ardagh Metal Packaging Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.84%. Ardagh Metal Packaging's dividend payout ratio (DPR) is presently -285.71%.

Analyst Ratings Changes

AMBP has been the topic of a number of research reports. Wells Fargo & Company lifted their price target on shares of Ardagh Metal Packaging from $3.95 to $4.25 and gave the company an "equal weight" rating in a report on Friday, July 26th. Citigroup reduced their price target on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a "buy" rating on the stock in a report on Monday, July 8th. Finally, UBS Group downgraded shares of Ardagh Metal Packaging from a "buy" rating to a "neutral" rating and reduced their price target for the company from $5.00 to $3.75 in a report on Wednesday, July 17th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Ardagh Metal Packaging has a consensus rating of "Hold" and an average target price of $3.67.

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.