Recently, several significant developments have occurred within the Ball Corporation (BALL). Among these are their announcement of Q2 earnings and a $250 Million Accelerated Share Repurchase. Taking note of this, SteelPeak Wealth LLC, Teacher Retirement System of Texas, IFM Investors Pty Ltd, and DekaBank Deutsche Girozentrale have increased their shareholdings, while Principal Financial Group Inc., DAVENPORT & Co LLC, and Lbp Am Sa have reduced theirs. External developments include the acquisition of Florida Can Manufacturing and Alucan, part of their endeavour to build on sustainable impact. These acquisitions will allow the company to expand to other worldwide categories through an alliance with Meadow.
Ball’s commitment to sustainability has been acknowledged as they were honoured with four EMBANEWS Awards and recognised alongside Beiersdorf at the CanTech Grand Tour Award. Internally, Ball Corporation faces changes as their CFO steps down after less than two years and a veteran deal maker takes over as interim CFO. They also experienced a slight dip in stock following a 5.6% drop, though UBS has raised their price target maintaining a neutral rating. In response there is a plan to initiate market stabilization. Uncertainty aside, Ball Corporation remains optimistic about strong growth.
Ball Corporation BALL News Analytics from Thu, 12 Sep 2024 14:16:37 GMT to Sat, 12 Jul 2025 10:34:37 GMT - Rating 7 - Innovation 7 - Information 8 - Rumor 6
