Nuveen LLC Takes Position in Ardagh Metal Packaging S.A. $AMBP

Key Points

• Nuveen LLC has acquired **406,838 shares** of Ardagh Metal Packaging S.A. for around **$1.23 million**, representing approximately **0.07%** of the company's total stock.
• Ardagh Metal Packaging recently reported earnings with an **EPS of $0.08**, exceeding analysts' expectations, alongside a revenue of **$1.46 billion**, reflecting a **15.6%** year-over-year growth.
• The company declared a **quarterly dividend of $0.10** per share, resulting in a **10.9% dividend yield** for investors, though it currently has a highly unusual payout ratio of **-1,333.33%**.

Nuveen LLC bought a new stake in Ardagh Metal Packaging S.A. (NYSE:AMBP - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 406,838 shares of the company's stock, valued at approximately $1,229,000. Nuveen LLC owned approximately 0.07% of Ardagh Metal Packaging as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of Ardagh Metal Packaging by 2.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 137,503 shares of the company's stock worth $415,000 after acquiring an additional 3,320 shares during the period. EP Wealth Advisors LLC raised its position in shares of Ardagh Metal Packaging by 9.5% in the 4th quarter. EP Wealth Advisors LLC now owns 54,647 shares of the company's stock worth $164,000 after buying an additional 4,731 shares during the period. MetLife Investment Management LLC raised its position in shares of Ardagh Metal Packaging by 6.1% in the 4th quarter. MetLife Investment Management LLC now owns 90,709 shares of the company's stock worth $273,000 after buying an additional 5,218 shares during the period. SBI Securities Co. Ltd. raised its position in shares of Ardagh Metal Packaging by 140.6% in the 1st quarter. SBI Securities Co. Ltd. now owns 9,173 shares of the company's stock worth $28,000 after buying an additional 5,361 shares during the period. Finally, Dakota Wealth Management raised its position in shares of Ardagh Metal Packaging by 4.0% in the 1st quarter. Dakota Wealth Management now owns 152,579 shares of the company's stock worth $461,000 after buying an additional 5,897 shares during the period. Hedge funds and other institutional investors own 16.93% of the company's stock.

Ardagh Metal Packaging Trading Up 0.7%

NYSE:AMBP traded up $0.03 during midday trading on Thursday, hitting $3.54. 387,480 shares of the stock were exchanged, compared to its average volume of 1,762,271. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of -117.83, a P/E/G ratio of 1.31 and a beta of 0.55. Ardagh Metal Packaging S.A. has a one year low of $2.50 and a one year high of $4.78. The business has a 50-day moving average price of $4.10 and a two-hundred day moving average price of $3.60.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.01. The firm had revenue of $1.46 billion for 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%. The firm's quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.06 earnings per share. Sell-side analysts forecast that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 11.3%. The ex-dividend date was Thursday, August 7th. Ardagh Metal Packaging's payout ratio is currently -1,333.33%.

Analysts Set New Price Targets

Several brokerages recently issued reports on AMBP. UBS Group lowered their price target on Ardagh Metal Packaging from $4.50 to $4.00 and set a "neutral" rating for the company in a report on Tuesday, July 29th. Citigroup increased their price target on Ardagh Metal Packaging from $4.00 to $5.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. Morgan Stanley increased their price target on Ardagh Metal Packaging from $3.50 to $4.10 and gave the company an "equal weight" rating in a report on Wednesday, June 25th. Finally, Wells Fargo & Company lowered their target price on Ardagh Metal Packaging from $5.00 to $4.50 and set an "equal weight" rating for the company in a research note on Monday, July 28th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $4.32.

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.