26,422,041 Shares in Amcor PLC $AMCR Bought by M&G PLC

M&G PLC acquired a new stake in shares of Amcor PLC (NYSE:AMCR) during the 3rd quarter, Holdings Channel reports. The fund acquired 26,422,041 shares of the company’s stock, valued at approximately $1,109,726,000. Amcor makes up 5.6% of M&G PLC’s holdings, making the stock its biggest holding. M&G PLC owned about 0.06% of Amcor at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of AMCR. Bank of New York Mellon Corp purchased a new position in shares of Amcor during the 2nd quarter worth $90,556,000. Rubric Capital Management LP purchased a new position in Amcor during the first quarter worth about $50,458,000. Sumitomo Mitsui Trust Group Inc. lifted its position in Amcor by 2.0% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,162,944 shares of the company’s stock worth $48,681,000 after buying an additional 22,471 shares during the period. Ancora Advisors LLC acquired a new stake in Amcor in the 2nd quarter worth about $39,470,000. Finally, Alps Advisors Inc. boosted its stake in Amcor by 0.8% in the 3rd quarter. Alps Advisors Inc. now owns 714,793 shares of the company’s stock worth $29,921,000 after buying an additional 5,855 shares during the last quarter. Institutional investors and hedge funds own 45.14% of the company’s stock.

Amcor Trading Up 0.7%

AMCR stock opened at $45.19 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 1.25 and a debt-to-equity ratio of 1.17. The company has a market cap of $20.90 billion, a price-to-earnings ratio of 12.12, a PEG ratio of 3.03 and a beta of 0.56. The business has a fifty day simple moving average of $43.97 and a 200-day simple moving average of $43.18. Amcor PLC has a 52 week low of $36.25 and a 52 week high of $50.94.

Amcor (NYSE:AMCR) last issued its earnings results on Wednesday, November 4th. The company reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.01). Amcor had a net margin of 4.55% and a return on equity of 15.86%. The firm had revenue of $6.13 billion during the quarter, compared to analyst estimates of $5.75 billion. During the same quarter in the previous year, the business posted $0.11 EPS. On average, equities research analysts expect that Amcor PLC will post 2.96 EPS for the current year.

Amcor Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 16th. Stockholders of record on Wednesday, November 25th will be issued a $0.66 dividend. This is a positive change from Amcor’s previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, November 25th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 5.8%. Amcor’s dividend payout ratio (DPR) is 111.59%.

Analyst Ratings Changes

Several analysts have commented on the company. Wells Fargo & Company lifted their price target on Amcor from $43.00 to $44.00 and gave the company an “equal weight” rating in a report on Friday, August 14th. JPMorgan Chase & Co. lowered shares of Amcor from an “overweight” rating to a “neutral” rating and increased their price objective for the stock from $44.00 to $47.00 in a report on Monday, August 17th. Jefferies Financial Group set a $44.92 target price on shares of Amcor and gave the stock a “hold” rating in a research report on Tuesday, July 21st. Bank of America boosted their target price on shares of Amcor from $48.00 to $51.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Finally, Citigroup reaffirmed a “buy” rating and set a $52.00 price target (up from $47.00) on shares of Amcor in a research report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Amcor presently has an average rating of “Moderate Buy” and an average target price of $49.54.

Amcor Profile

Amcor plc is a global packaging company that develops and manufactures packaging for food and beverage, healthcare, personal care, home care and other consumer products. Its offerings include flexible packaging, rigid containers, closures and specialty cartons, as well as packaging materials and services for pharmaceutical and medical applications.

The company serves customers across a broad range of international markets. In 2025, Amcor completed its combination with Berry Global, expanding its packaging portfolio and global reach.

Amcor is headquartered in Zurich, Switzerland.