Geode Capital Management LLC Decreases Stock Position in Crown Holdings, Inc. $CCK

Geode Capital Management LLC cut its holdings in Crown Holdings, Inc. (NYSE:CCK) by 0.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,092,850 shares of the industrial products company’s stock after selling 11,946 shares during the quarter. Geode Capital Management LLC’s holdings in Crown were worth $215,546,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CCK. Royal Bank of Canada boosted its position in shares of Crown by 24.1% in the 1st quarter. Royal Bank of Canada now owns 48,920 shares of the industrial products company’s stock worth $4,367,000 after buying an additional 9,497 shares in the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of Crown by 39.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,109 shares of the industrial products company’s stock worth $367,000 after buying an additional 1,161 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Crown in the 1st quarter worth about $111,000. NewEdge Advisors LLC lifted its holdings in Crown by 6.3% in the 1st quarter. NewEdge Advisors LLC now owns 5,917 shares of the industrial products company’s stock valued at $528,000 after purchasing an additional 351 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Crown by 23.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 666,262 shares of the industrial products company’s stock valued at $59,471,000 after purchasing an additional 127,737 shares in the last quarter. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CCK has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Crown in a report on Wednesday, April 1st. They issued a “buy” rating and a $124.00 target price on the stock. Mizuho upped their target price on shares of Crown from $120.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Wells Fargo & Company reduced their target price on shares of Crown from $111.00 to $109.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 14th. DA Davidson reduced their target price on shares of Crown from $115.00 to $107.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. Finally, Truist Financial reduced their target price on shares of Crown from $135.00 to $129.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Twelve equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $120.00.

Insider Buying and Selling at Crown

In other news, CEO Timothy J. Donahue sold 7,500 shares of the stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $106.85, for a total transaction of $801,375.00. Following the transaction, the chief executive officer directly owned 451,070 shares in the company, valued at $48,196,829.50. This represents a 1.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is currently owned by insiders.

Crown Trading Up 1.3%

Shares of CCK stock opened at $95.77 on Wednesday. The firm has a market cap of $10.70 billion, a P/E ratio of 15.25, a PEG ratio of 1.56 and a beta of 0.63. Crown Holdings, Inc. has a 1-year low of $89.21 and a 1-year high of $116.62. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.12 and a quick ratio of 0.70. The firm’s 50-day simple moving average is $100.92 and its 200-day simple moving average is $103.12.

Crown (NYSE:CCK) last announced its quarterly earnings data on Monday, April 27th. The industrial products company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.11. The business had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.03 billion. Crown had a net margin of 5.65% and a return on equity of 26.62%. The company’s revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.67 EPS. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q2 2026 guidance at 2.100-2.200 EPS. As a group, equities analysts forecast that Crown Holdings, Inc. will post 8.05 EPS for the current year.

Crown Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Thursday, May 14th. Crown’s dividend payout ratio is presently 22.29%.

Crown Company Profile

Crown Holdings, Inc is a leading global supplier of rigid packaging products for consumer goods markets. The company designs, manufactures and sells metal packaging for beverage, food, household, personal care and specialty products. Its portfolio includes aluminum and steel beverage cans, steel food cans, aluminum aerosols, metal closures and ends, offering customers end-to-end solutions from design and prototyping to large-scale production.

Founded in 1919 as the Crown Cork & Seal Company, Crown has grown through strategic acquisitions and investments in advanced manufacturing technologies.