M&G PLC Has $33.93 Million Stake in Ball Corporation $BALL

M&G PLC decreased its position in Ball Corporation (NYSE:BALL) by 5.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 678,509 shares of the company’s stock after selling 40,729 shares during the period. M&G PLC owned 0.25% of Ball worth $33,925,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC raised its position in shares of Ball by 41.2% during the fourth quarter. Brighton Jones LLC now owns 5,245 shares of the company’s stock worth $289,000 after purchasing an additional 1,531 shares during the period. AQR Capital Management LLC raised its stake in shares of Ball by 402.8% during the 1st quarter. AQR Capital Management LLC now owns 83,995 shares of the company’s stock worth $4,356,000 after purchasing an additional 67,289 shares in the last quarter. Empowered Funds LLC grew its position in shares of Ball by 10.6% in the 1st quarter. Empowered Funds LLC now owns 6,167 shares of the company’s stock valued at $321,000 after acquiring an additional 590 shares during the period. Sivia Capital Partners LLC bought a new stake in Ball in the second quarter valued at approximately $453,000. Finally, IFP Advisors Inc raised its stake in Ball by 103.2% in the 2nd quarter. IFP Advisors Inc now owns 1,142 shares of the company’s stock valued at $68,000 after acquiring an additional 580 shares during the period. Institutional investors own 86.51% of the company’s stock.

Ball Price Performance

BALL stock opened at $67.30 on Monday. The company’s fifty day simple moving average is $55.95 and its 200 day simple moving average is $52.18. Ball Corporation has a 12-month low of $43.51 and a 12-month high of $68.29. The firm has a market cap of $18.04 billion, a price-to-earnings ratio of 20.27, a PEG ratio of 1.34 and a beta of 1.13. The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 1.26.

Ball (NYSE:BALL) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.01. The business had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.11 billion. Ball had a return on equity of 18.10% and a net margin of 6.93%.The firm’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.84 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. On average, analysts expect that Ball Corporation will post 3.48 earnings per share for the current year.

Ball Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, March 2nd. Ball’s payout ratio is 24.10%.

Analysts Set New Price Targets

Several research firms recently issued reports on BALL. Morgan Stanley set a $66.00 price target on Ball in a research note on Wednesday, February 4th. Mizuho upped their price target on shares of Ball from $58.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Bank of America raised shares of Ball from a “neutral” rating to a “buy” rating and set a $61.00 price target on the stock in a research report on Monday, November 17th. Citigroup boosted their price objective on shares of Ball from $67.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ball in a report on Monday, December 29th. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Ball has an average rating of “Moderate Buy” and an average price target of $68.46.

Ball Company Profile

Ball Corporation is a leading provider of sustainable aluminum packaging solutions and advanced aerospace technologies. Headquartered in Broomfield, Colorado, the company serves customers in the beverage, food and aerosol markets through a global network of manufacturing facilities. With an emphasis on sustainability and innovation, Ball designs and produces metal cans, bottles and ends that support recycling and reduce environmental impact.

The company’s packaging segment specializes in beverage cans for soft drinks, beer and energy drinks, as well as metal packaging for food and personal care applications.