Ball Corp (BALL)

• Market cap: $15.3B
• 1 day: 1.78%
• 5 days: 3.59%
• 1 month: -6.70%
• 3 months: -15.58%
• 6 months: -19.70%
• Year to date: -5.68%
• 1 year: -16.73%
• 5 years: -33.19%
• 10 years: 39.24%
• Sector: Consumer Discretionary
• Industry: Metal Cans

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: 21,000

Fund manager confidence

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

42% more call options, than puts

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

0.04% more ownership

Funds ownership: 82.18% [Q3] → 82.22% (+0.04%) [Q4]

6% less first-time investments, than exits

New positions opened: 87 | Existing positions closed: 93

5% less funds holding

Funds holding: 712 [Q3] → 679 (-33) [Q4]

20% less capital invested

Capital invested by funds: $16.9B [Q3] → $13.5B (-$3.38B) [Q4]

27% less repeat investments, than reductions

Existing positions increased: 210 | Existing positions reduced: 286

80% less funds holding in top 10

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

Research analyst outlook

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

• Low target: $49 5% downside
• Avg. target: $63 22% upside
• High target: $73 42% upside

9 analyst ratings

• positive: 5 56%
• neutral: 3 33%
• negative: 1 11%

UBS Cleveland Rueckert 100% 1-year accuracy 3 / 3 met price target	7% upside $55	Neutral Maintained	13 Feb 2025
RBC Capital Arun Viswanathan 30% 1-year accuracy 20 / 66 met price target	29% upside $66	Outperform Maintained	6 Feb 2025
Barclays Michael Leithead 55% 1-year accuracy 11 / 20 met price target	19% upside $61	Equal-Weight Maintained	6 Feb 2025
Morgan Stanley Angel Castillo 63% 1-year accuracy 12 / 19 met price target	36% upside $70	Overweight Maintained	5 Feb 2025
Baird Ghansham Panjabi 39% 1-year accuracy 11 / 28 met price target	23% upside $63	Outperform Maintained	5 Feb 2025