AmcorAMCR
About: Amcor is a global producer of plastic packaging primarily for the fast-moving consumer goods industry. About 90% of earnings are exposed to the flexible packaging business. This is soft disposable plastic for a variety of food, drink, healthcare, and hygiene products. The remainder of earnings are from the Latin and North American rigids business, which is primarily beverage bottling for the soft drink industry. Operating in more than 35 countries, Amcor has market share in its established regions of North America, Latin America, Europe, and Asia-Pacific. About half of group sales are derived from North America and the remainder is split equally between Western Europe and emerging markets. Australia and New Zealand sales make up less than 5% of group sales.
Employees: 35,000
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
97% more call options, than puts
Call options by funds: $24.7M | Put options by funds: $12.5M
10% more capital invested
Capital invested by funds: $7.86B [Q2] → $8.65B (+$788M) [Q3]
8% more first-time investments, than exits
New positions opened: 70 | Existing positions closed: 65
0% less funds holding
Funds holding: 580 [Q2] → 579 (-1) [Q3]
2.63% less ownership
Funds ownership: 55.6% [Q2] → 52.97% (-2.63%) [Q3]
11% less repeat investments, than reductions
Existing positions increased: 204 | Existing positions reduced: 229
20% less funds holding in top 10
Funds holding in top 10: 5 [Q2] → 4 (-1) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Wells Fargo Gabe Hajde 53% 1-year accuracy 31 / 58 met price target | 15%upside $10.80 | Equal-Weight Maintained | 15 Oct 2024 |
Financial journalist opinion
Based on 7 articles about AMCR published over the past 30 days
