Ball CorpBALL
Market Cap: 19.6B
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 Q1 SEC filings by fund managers ($100M+ AUM)
36% more call options, than puts
Call options by funds: $219M | Put options by funds: $161M
14% more capital invested
Capital invested by funds: $15.4B [Q4 2023] → $17.6B (+$2.14B) [Q1 2024]
13% more first-time investments, than exits
New positions opened: 76 | Existing positions closed: 67
1% more funds holding
Funds holding: 663 [Q4 2023] → 672 (+9) [Q1 2024]
4% less repeat investments, than reductions
Existing positions increased: 240 | Existing positions reduced: 249
2.39% less ownership
Funds ownership: 85.12% [Q4 2023] → 82.72% (-2.39%) [Q1 2024]
29% less funds holding in top 10
Funds holding in top 10: 7 [Q4 2023] → 5 (-2) [Q1 2024]
Research analyst outlook
22 Wall Street Analysts provided 1 year price forecasts over the past 6 months
22 analyst ratings
UBS Cleveland Rueckert | 11%downside $56 | Sell Maintained | 17 Jul 2024 |
Wells Fargo Gabe Hajde | 4%downside $61 | Equal-Weight Maintained | 17 Jul 2024 |
Citigroup Anthony Pettinari | 4%upside $66 | Neutral Maintained | 8 Jul 2024 |
Truist Securities Michael Roxland | 20%upside $76 | Buy Upgraded | 25 Jun 2024 |
Wells Fargo Gabe Hajde | 1%upside $64 | Equal-Weight Maintained | 20 Jun 2024 |
Financial journalist opinion
Based on 4 articles about BALL published over the past 30 days