Amcor Plc, the packaging titan and dividend aristocrat, has been the target of attention when it comes to affordable quarterly dividend stocks, despite facing some earnings misses in its EPS which led analysts to revise their forecasts. Dramatic insider buying and its maintained 5.35% dividend yield have caught the eyes of short sellers. All in anticipation, the company's stock is increasingly being identified as a high-dividend stock to invest in under $10. Perhaps this is due to CEO Peter Konieczny's $1 million investment into his own company or perhaps it's the result of the upcoming merger with Berry Global. Either way, the anticipation is driving speculations of strong growth potential. One key emphasis is on Amcor's undervaluation, creating an interesting buying opportunity especially after US Antitrust gave clearance to the Amcor-Berry merger set to close in mid-2025. The proposed all-stock transaction is touted to birth a global leader in consumer and healthcare packaging solutions. However, the journey hasn't been without missteps, with shareholders having suffered a 6.6% loss in the past three years.
Amcor Plcs AMCR News Analytics from Fri, 20 Sep 2019 21:15:30 GMT to Fri, 02 May 2025 20:00:14 GMT -
Rating 5
- Innovation -3
- Information 7
- Rumor -2
