Ball CorpBALL
About: Ball is the world's largest metal can manufacturer with market share over 40% in its three main regions (North America, Europe, and South America). The company is focused on increasing capacity amid a wave of new developed-market demand, while also investing in faster-growing emerging-market economies. Ball maintains a small presence in the U.S. defense industry through its aerospace segment. Ball spun-off its glass jar business in 1993 and is now owned by Newell. The company reports three segments—beverage packaging, North and Central America (43% of 2023 revenue), beverage packaging, EMEA (24%), beverage packaging, South America (14%)—and it generated $14 billion in revenue in 2023.
Employees: 21,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
53% more first-time investments, than exits
New positions opened: 104 | Existing positions closed: 68
5% more funds holding
Funds holding: 684 [Q1] → 720 (+36) [Q2]
3% less repeat investments, than reductions
Existing positions increased: 251 | Existing positions reduced: 258
3.51% less ownership
Funds ownership: 85.97% [Q1] → 82.46% (-3.51%) [Q2]
16% less capital invested
Capital invested by funds: $18.3B [Q1] → $15.4B (-$2.91B) [Q2]
23% less call options, than puts
Call options by funds: $114M | Put options by funds: $148M
40% less funds holding in top 10
Funds holding in top 10: 5 [Q1] → 3 (-2) [Q2]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
RBC Capital Arun Viswanathan 52% 1-year accuracy 23 / 44 met price target | 15%upside $75 | Outperform Maintained | 17 Oct 2024 |
Wells Fargo Gabe Hajde 72% 1-year accuracy 13 / 18 met price target | 4%downside $63 | Equal-Weight Maintained | 15 Oct 2024 |
Citigroup Anthony Pettinari 88% 1-year accuracy 15 / 17 met price target | 6%upside $69 | Neutral Maintained | 2 Oct 2024 |
Morgan Stanley Angel Castillo 73% 1-year accuracy 8 / 11 met price target | 19%upside $78 | Overweight Upgraded | 4 Sept 2024 |
Baird Ghansham Panjabi 65% 1-year accuracy 13 / 20 met price target | 7%upside $70 | Outperform Upgraded | 14 Aug 2024 |
Financial journalist opinion
Based on 4 articles about BALL published over the past 30 days
