10,850 Shares in Ardagh Metal Packaging S.A. $AMBP Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. bought a new position in Ardagh Metal Packaging S.A. (NYSE:AMBP) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 10,850 shares of the company’s stock, valued at approximately $33,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMBP. SBI Securities Co. Ltd. grew its position in Ardagh Metal Packaging by 140.6% in the first quarter. SBI Securities Co. Ltd. now owns 9,173 shares of the company’s stock worth $28,000 after acquiring an additional 5,361 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Ardagh Metal Packaging by 292.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,975 shares of the company’s stock worth $33,000 after acquiring an additional 8,180 shares in the last quarter. Cerity Partners LLC purchased a new position in Ardagh Metal Packaging in the first quarter worth $43,000. Wealth Enhancement Advisory Services LLC purchased a new position in Ardagh Metal Packaging in the first quarter worth $51,000. Finally, Ameriprise Financial Inc. purchased a new position in Ardagh Metal Packaging in the fourth quarter worth $63,000. 16.93% of the stock is currently owned by hedge funds and other institutional investors.

Ardagh Metal Packaging Trading Up 0.7%

Ardagh Metal Packaging stock opened at $3.58 on Monday. The firm has a 50-day moving average of $4.07 and a 200-day moving average of $3.62. The firm has a market cap of $2.14 billion, a P/E ratio of -119.17, a P/E/G ratio of 1.27 and a beta of 0.55. Ardagh Metal Packaging S.A. has a 1-year low of $2.50 and a 1-year high of $4.78.

Ardagh Metal Packaging (NYSE:AMBP) last posted its earnings results on Thursday, July 24th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.33 billion. Ardagh Metal Packaging had a net margin of 0.13% and a negative return on equity of 76.86%. Ardagh Metal Packaging’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.06 earnings per share. Research analysts forecast that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 19th. Stockholders of record on Thursday, August 7th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date was Thursday, August 7th. Ardagh Metal Packaging’s dividend payout ratio is currently -1,333.33%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. UBS Group cut their target price on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a “neutral” rating for the company in a research report on Tuesday, July 29th. Wells Fargo & Company cut their price target on shares of Ardagh Metal Packaging from $5.00 to $4.50 and set an “equal weight” rating for the company in a research report on Monday, July 28th. Citigroup upped their price target on shares of Ardagh Metal Packaging from $4.00 to $5.00 and gave the company a “buy” rating in a research report on Thursday, July 3rd. Finally, Morgan Stanley upped their price target on shares of Ardagh Metal Packaging from $3.50 to $4.10 and gave the company an “equal weight” rating in a research report on Wednesday, June 25th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Ardagh Metal Packaging presently has a consensus rating of “Hold” and a consensus target price of $4.32.

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.