PFG Investments LLC Sells 6,457 Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP)

PFG Investments LLC reduced its position in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) by 14.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 39,542 shares of the company’s stock after selling 6,457 shares during the period. PFG Investments LLC’s holdings in Ardagh Metal Packaging were worth $134,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Catalina Capital Group LLC acquired a new position in Ardagh Metal Packaging during the 1st quarter valued at $42,000. Balentine LLC acquired a new position in Ardagh Metal Packaging during the 4th quarter valued at $64,000. Principal Financial Group Inc. raised its stake in Ardagh Metal Packaging by 34.5% during the 2nd quarter. Principal Financial Group Inc. now owns 19,521 shares of the company’s stock valued at $66,000 after purchasing an additional 5,009 shares during the last quarter. Ieq Capital LLC acquired a new position in Ardagh Metal Packaging during the 4th quarter valued at $86,000. Finally, Gries Financial LLC acquired a new position in Ardagh Metal Packaging during the 2nd quarter valued at $77,000. 16.93% of the stock is owned by institutional investors.

Ardagh Metal Packaging Trading Up 6.8 %

Shares of Ardagh Metal Packaging stock opened at $3.61 on Friday. The stock has a market capitalization of $2.16 billion, a P/E ratio of -25.78, a price-to-earnings-growth ratio of 0.75 and a beta of 0.61. The company has a quick ratio of 0.66, a current ratio of 0.95 and a debt-to-equity ratio of 124.21. The company has a 50-day simple moving average of $3.51 and a 200 day simple moving average of $3.60. Ardagh Metal Packaging S.A. has a 12-month low of $2.57 and a 12-month high of $4.17.

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

Ardagh Metal Packaging Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 11.08%. The ex-dividend date is Thursday, September 12th. Ardagh Metal Packaging’s dividend payout ratio is currently -285.69%.

Wall Street Analyst Weigh In

AMBP has been the subject of a number of recent research reports. Wells Fargo & Company increased their price objective on shares of Ardagh Metal Packaging from $3.95 to $4.25 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Citigroup dropped their price objective on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating for the company in a research note on Monday, July 8th. Finally, UBS Group cut shares of Ardagh Metal Packaging from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $5.00 to $3.75 in a research note on Wednesday, July 17th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Ardagh Metal Packaging currently has a consensus rating of “Hold” and a consensus price target of $3.67.

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.