MetLife Investment Management LLC Purchases 48,171 Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP)

MetLife Investment Management LLC boosted its stake in Ardagh Metal Packaging S.A. (NYSE:AMBP) by 129.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 85,491 shares of the company’s stock after acquiring an additional 48,171 shares during the period. MetLife Investment Management LLC’s holdings in Ardagh Metal Packaging were worth $322,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. King Street Capital Management L.P. bought a new stake in Ardagh Metal Packaging in the second quarter valued at $14,790,000. Vanguard Group Inc. boosted its holdings in Ardagh Metal Packaging by 11.1% in the first quarter. Vanguard Group Inc. now owns 1,065,659 shares of the company’s stock valued at $3,655,000 after acquiring an additional 106,206 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Ardagh Metal Packaging by 48.7% in the second quarter. Renaissance Technologies LLC now owns 1,325,132 shares of the company’s stock valued at $4,505,000 after acquiring an additional 433,700 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Ardagh Metal Packaging by 422.4% in the second quarter. AQR Capital Management LLC now owns 319,165 shares of the company’s stock valued at $1,085,000 after acquiring an additional 258,067 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in Ardagh Metal Packaging by 23.1% in the third quarter. Signaturefd LLC now owns 18,739 shares of the company’s stock valued at $71,000 after acquiring an additional 3,515 shares in the last quarter. Institutional investors own 16.93% of the company’s stock.

Ardagh Metal Packaging Trading Down 1.4 %

Shares of Ardagh Metal Packaging stock opened at $3.43 on Monday. Ardagh Metal Packaging S.A. has a 1-year low of $3.16 and a 1-year high of $4.26. The company’s fifty day simple moving average is $3.76 and its 200-day simple moving average is $3.65. The company has a debt-to-equity ratio of 124.21, a current ratio of 1.17 and a quick ratio of 0.88. The stock has a market capitalization of $2.05 billion, a PE ratio of -28.58, a P/E/G ratio of 0.91 and a beta of 0.61.

Ardagh Metal Packaging (NYSE:AMBP) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.34 billion. Ardagh Metal Packaging had a positive return on equity of 1,760.00% and a negative net margin of 0.99%. Ardagh Metal Packaging’s revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.06 EPS. As a group, equities analysts anticipate that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current year.

Ardagh Metal Packaging Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.40 annualized dividend and a dividend yield of 11.66%. Ardagh Metal Packaging’s dividend payout ratio (DPR) is -333.31%.

Analyst Upgrades and Downgrades

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

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.