AmcorAMCR
Market Cap: $16B
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 Q2 SEC filings by fund managers ($100M+ AUM)
67% more funds holding in top 10
Funds holding in top 10: 3 [Q1] → 5 (+2) [Q2]
62% more call options, than puts
Call options by funds: $17.7M | Put options by funds: $10.9M
6% more capital invested
Capital invested by funds: $7.18B [Q1] → $7.64B (+$463M) [Q2]
1.71% more ownership
Funds ownership: 52.31% [Q1] → 54.02% (+1.71%) [Q2]
0% more repeat investments, than reductions
Existing positions increased: 214 | Existing positions reduced: 214
0% less funds holding
Funds holding: 579 [Q1] → 577 (-2) [Q2]
3% less first-time investments, than exits
New positions opened: 74 | Existing positions closed: 76
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Citigroup Anthony Pettinari 62% 1-year accuracy 34 / 55 met price target | 1%downside $11 | Neutral Maintained | 20 Aug 2024 |
Wells Fargo Gabe Hajde 58% 1-year accuracy 19 / 33 met price target | 5%downside $10.50 | Equal-Weight Maintained | 16 Aug 2024 |
Baird Ghansham Panjabi 48% 1-year accuracy 13 / 27 met price target | 1%downside $11 | Neutral Maintained | 16 Aug 2024 |
JP Morgan Anthony Longo 100% 1-year accuracy 2 / 2 met price target | 0%upside $11.10 | Overweight Maintained | 13 Aug 2024 |
Stifel Lars Kjellberg 100% 1-year accuracy 3 / 3 met price target | 3%downside $10.80 | Hold Initiated | 9 Jul 2024 |
Financial journalist opinion
Based on 13 articles about AMCR published over the past 30 days