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In a recent transaction, Lucrece Foufopoulos-De Ridder, a director at Amcor plc (NYSE:AMCR), purchased 14,000 ordinary shares of the company. The shares were acquired on March 3, 2025, at a weighted average price of $10.3062 per share, totaling approximately $144,286. The packaging solutions provider, with a market capitalization of $14.5 billion, has demonstrated strong shareholder returns with a 5.1% dividend yield.
The purchase increased Foufopoulos-De Ridder’s direct ownership to 29,523 shares. The transaction details indicate that the prices paid for the shares ranged from $10.305 to $10.31. According to InvestingPro, Amcor has maintained a consistent dividend growth track record, raising dividends for 6 consecutive years.
This acquisition reflects a significant investment in Amcor, a company known for its packaging solutions across various industries. Investors may view this move as a positive signal, considering the insider’s increased stake in the company. InvestingPro analysis indicates the stock is trading near its Fair Value, with a "GOOD" overall financial health score and a positive YTD return of 7.2%. Get access to 7 more exclusive ProTips and comprehensive analysis with an InvestingPro subscription.
In other recent news, Amcor plc reported second-quarter earnings that aligned with analyst expectations, while its revenue fell short. The company recorded an adjusted earnings per share (EPS) of $0.16, matching the consensus, but revenue reached $3.24 billion, below the anticipated $3.36 billion. Despite the revenue miss, Amcor noted a 5% rise in adjusted EBIT on a comparable constant currency basis, marking its fourth consecutive quarter of sequential volume improvement. The company also reaffirmed its fiscal year 2025 outlook, projecting adjusted EPS between $0.72 and $0.76, consistent with the analyst consensus of $0.74 per share.
Additionally, Amcor announced a merger with Berry Global, which CEO Peter Konieczny stated would enhance the company’s strategy for organic growth and customer focus. The merger is expected to further Amcor’s goals in sustainability and portfolio diversification. In another development, Amcor declared a quarterly cash dividend of 12.75 cents per share, up from 12.5 cents per share in the same quarter last year. These recent developments highlight Amcor’s ongoing strategic initiatives and financial positioning.
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