M&G PLC Buys New Position in Amcor PLC $AMCR

Key Points

• M&G PLC acquired 26.4 million Amcor shares, valued at about $1.11 billion, giving it a 5.71% stake. Amcor became M&G’s largest holding, representing roughly 5.6% of its portfolio.
• Amcor’s quarterly EPS of $0.95 narrowly missed estimates, while revenue of $6.13 billion exceeded forecasts. The company raised its quarterly dividend from $0.65 to $0.66 per share, for an indicated yield of 5.8%.
• Analysts’ consensus rating was Moderate Buy, with an average price target of $49.54.

M&G PLC bought a new stake in Amcor PLC (NYSE:AMCR - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 26,422,041 shares of the company's stock, valued at approximately $1,109,726,000. Amcor accounts for approximately 5.6% of M&G PLC's investment portfolio, making the stock its largest holding. M&G PLC owned approximately 5.71% of Amcor at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Foresight Capital Management Advisors Inc. purchased a new stake in Amcor in the 3rd quarter valued at approximately $25,000. Bangor Savings Bank acquired a new position in Amcor during the 2nd quarter worth approximately $26,000. Western Wealth Management LLC purchased a new position in shares of Amcor during the 1st quarter worth approximately $27,000. Palladiem LLC purchased a new position in shares of Amcor during the 1st quarter worth approximately $34,000. Finally, Latitude Advisors LLC acquired a new stake in shares of Amcor in the 3rd quarter valued at approximately $40,000. Hedge funds and other institutional investors own 45.14% of the company's stock.

Amcor Price Performance

Shares of NYSE AMCR opened at $45.19 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 0.76 and a debt-to-equity ratio of 1.17. The company's 50-day moving average price is $43.97 and its 200 day moving average price is $43.18. Amcor PLC has a 52 week low of $36.25 and a 52 week high of $50.94. The stock has a market cap of $20.90 billion, a price-to-earnings ratio of 12.12, a PEG ratio of 3.03 and a beta of 0.56.

Amcor (NYSE:AMCR - Get Free Report) last announced its earnings results on Wednesday, November 4th. The company reported $0.95 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.96 by ($0.01). The business had revenue of $6.13 billion for the quarter, compared to analyst estimates of $5.75 billion. Amcor had a return on equity of 15.86% and a net margin of 4.55%. During the same quarter in the previous year, the firm posted $0.11 EPS. As a group, research analysts forecast that Amcor PLC will post 2.96 earnings per share for the current fiscal year.

Amcor Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Wednesday, November 25th will be issued a dividend of $0.66 per share. This is a boost from Amcor's previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, November 25th. This represents a $2.64 dividend on an annualized basis and a yield of 5.8%. Amcor's payout ratio is currently 111.59%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Jefferies Financial Group set a $44.92 target price on shares of Amcor and gave the stock a "hold" rating in a research report on Tuesday, July 21st. BMO Capital Markets started coverage on shares of Amcor in a report on Thursday, July 16th. They issued a "market perform" rating and a $47.00 price target for the company. Citigroup reiterated a "buy" rating and issued a $52.00 price objective (up from $47.00) on shares of Amcor in a research note on Friday, August 14th. Weiss Ratings raised shares of Amcor from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, October 29th. Finally, Wells Fargo & Company boosted their price objective on shares of Amcor from $43.00 to $44.00 and gave the stock an "equal weight" rating in a report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $49.54.

Amcor Company Profile

Amcor plc is a global packaging company that develops and manufactures packaging for food and beverage, healthcare, personal care, home care and other consumer products. Its offerings include flexible packaging, rigid containers, closures and specialty cartons, as well as packaging materials and services for pharmaceutical and medical applications.

The company serves customers across a broad range of international markets. In 2025, Amcor completed its combination with Berry Global, expanding its packaging portfolio and global reach.

Amcor is headquartered in Zurich, Switzerland.

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