Ball Corp (BALL)

• Market cap: $13.7B
• 1 day: 2.26%
• 5 days: -0.14%
• 1 month: -4.75%
• 3 months: -10.97%
• 6 months: -26.12%
• Year to date: -11.15%
• 1 year: -26.07%
• 5 years: -27.39%
• 10 years: 34.40%
• Sector: Consumer Discretionary
• Industry: Packaging & Containers

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 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 (48% of 2024 revenue), beverage packaging, EMEA (29%), beverage packaging, South America (17%)-and it generated $12 billion in revenue in 2024.

Employees: 16,000

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

41% more call options, than puts

Call options by funds: $69.6M | Put options by funds: $49.2M

2% less first-time investments, than exits

New positions opened: 94 | Existing positions closed: 96

2.07% less ownership

Funds ownership: 81.35% [Q3] → 79.28% (-2.07%) [Q4]

2% less funds holding

Funds holding: 715 [Q3] → 698 (-17) [Q4]

19% less capital invested

Capital invested by funds: $16.7B [Q3] → $13.6B (-$3.17B) [Q4]

26% less repeat investments, than reductions

Existing positions increased: 216 | Existing positions reduced: 290

80% less funds holding in top 10

Funds holding in top 10: 5 [Q3] → 1 (-4) [Q4]

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $54 12% upside
• Avg. target: $61 27% upside
• High target: $70 45% upside

7 analyst ratings

• positive: 5 71%
• neutral: 2 29%
• negative: 0 0%

Truist Securities Michael Roxland 14% 1-year accuracy 8 / 56 met price target	20% upside $58	Buy Maintained	22 Apr 2025
Mizuho John Roberts 8% 1-year accuracy 3 / 39 met price target	20% upside $58	Outperform Maintained	15 Apr 2025
UBS Cleveland Rueckert 100% 1-year accuracy 3 / 3 met price target	12% upside $54	Neutral Maintained	7 Apr 2025
RBC Capital Arun Viswanathan 6% 1-year accuracy 4 / 63 met price target	36% upside $66	Outperform Maintained	6 Feb 2025
Barclays Michael Leithead 21% 1-year accuracy 4 / 19 met price target	26% upside $61	Equal-Weight Maintained	6 Feb 2025