Ball Corp (BALL)

• Market cap: $14.8B
• 1 day: 0.63%
• 5 days: 3.84%
• 1 month: 0.50%
• 3 months: -3.75%
• 6 months: -22.50%
• Year to date: -3.75%
• 1 year: -22.76%
• 5 years: -18.34%
• 10 years: 49.08%
• 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: 16,000

Fund manager confidence

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

41% more call options, than puts

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

4% less first-time investments, than exits

New positions opened: 92 | Existing positions closed: 96

3% less funds holding

Funds holding: 714 [Q3] → 694 (-20) [Q4]

3.49% less ownership

Funds ownership: 82.78% [Q3] → 79.29% (-3.49%) [Q4]

20% less capital invested

Capital invested by funds: $17B [Q3] → $13.6B (-$3.47B) [Q4]

26% less repeat investments, than reductions

Existing positions increased: 214 | Existing positions reduced: 291

80% less funds holding in top 10

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

Research analyst outlook

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

• Low target: $49 6% downside
• Avg. target: $62 18% upside
• High target: $73 39% upside

8 analyst ratings

• positive: 4 50%
• neutral: 3 38%
• negative: 1 13%

UBS Cleveland Rueckert 100% 1-year accuracy 3 / 3 met price target	5% upside $55	Neutral Maintained	13 Feb 2025
RBC Capital Arun Viswanathan 15% 1-year accuracy 10 / 66 met price target	26% upside $66	Outperform Maintained	6 Feb 2025
Barclays Michael Leithead 32% 1-year accuracy 6 / 19 met price target	16% upside $61	Equal-Weight Maintained	6 Feb 2025
Morgan Stanley Angel Castillo 50% 1-year accuracy 9 / 18 met price target	34% upside $70	Overweight Maintained	5 Feb 2025
Baird Ghansham Panjabi 22% 1-year accuracy 6 / 27 met price target	20% upside $63	Outperform Maintained	5 Feb 2025