Bank of New York Mellon Corp Trims Holdings in Crown Holdings, Inc. $CCK

Key Points

• Bank of New York Mellon reduced its stake in Crown Holdings by 13.7% in the fourth quarter, selling 209,544 shares and leaving it with 1.33 million shares valued at about $136.5 million.
• Crown reported a Q1 earnings beat, posting $1.86 EPS versus the $1.75 estimate and revenue of $3.26 billion versus $3.03 billion expected, while also lifting its full-year outlook to 7.90–8.30 EPS.
• Analysts remain broadly positive on the stock: Crown has 12 Buy ratings and 5 Holds, with a consensus rating of Moderate Buy and an average price target of $120.

Bank of New York Mellon Corp cut its stake in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 13.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,325,286 shares of the industrial products company's stock after selling 209,544 shares during the quarter. Bank of New York Mellon Corp owned about 1.15% of Crown worth $136,465,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in CCK. OLD National Bancorp IN increased its stake in Crown by 507.7% in the 4th quarter. OLD National Bancorp IN now owns 89,549 shares of the industrial products company's stock worth $9,221,000 after acquiring an additional 74,814 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund increased its stake in Crown by 235.5% in the 3rd quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 25,500 shares of the industrial products company's stock worth $2,463,000 after acquiring an additional 17,900 shares during the last quarter. Nordea Investment Management AB increased its stake in Crown by 2.2% in the 4th quarter. Nordea Investment Management AB now owns 1,666,360 shares of the industrial products company's stock worth $171,668,000 after acquiring an additional 36,540 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Crown by 226.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,474,038 shares of the industrial products company's stock worth $142,377,000 after acquiring an additional 1,022,789 shares during the last quarter. Finally, Candriam S.C.A. increased its stake in Crown by 84.0% in the 3rd quarter. Candriam S.C.A. now owns 317,563 shares of the industrial products company's stock worth $30,673,000 after acquiring an additional 144,935 shares during the last quarter. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Royal Bank Of Canada decreased their target price on Crown from $140.00 to $129.00 and set an "outperform" rating on the stock in a research note on Friday, April 17th. Deutsche Bank Aktiengesellschaft assumed coverage on Crown in a report on Wednesday, April 1st. They issued a "buy" rating and a $124.00 price objective for the company. Citigroup upped their price objective on Crown from $127.00 to $129.00 and gave the stock a "buy" rating in a report on Wednesday, April 29th. Bank of America cut their price objective on Crown from $131.00 to $126.00 and set a "buy" rating for the company in a report on Monday, April 6th. Finally, Truist Financial cut their price objective on Crown from $135.00 to $129.00 and set a "buy" rating for the company in a report on Wednesday, April 15th. Twelve research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Crown presently has a consensus rating of "Moderate Buy" and an average price target of $120.00.

Crown Trading Up 0.3%

Shares of CCK stock opened at $93.33 on Friday. The stock has a market capitalization of $10.43 billion, a PE ratio of 14.86, a P/E/G ratio of 1.54 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 business has a 50-day moving average of $100.37 and a 200 day moving average of $102.96. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.12 and a quick ratio of 0.70.

Crown (NYSE:CCK - Get Free Report) last issued its earnings results on Monday, April 27th. The industrial products company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.11. The company had revenue of $3.26 billion during the quarter, compared to analysts' expectations of $3.03 billion. Crown had a return on equity of 26.62% and a net margin of 5.65%.Crown's quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the business 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, sell-side analysts anticipate that Crown Holdings, Inc. will post 8.05 earnings per share for the current year.

Crown Dividend Announcement

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

Insiders Place Their Bets

In related news, CEO Timothy J. Donahue sold 7,500 shares of the stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $106.85, for a total transaction of $801,375.00. Following the completion of the sale, 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 through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is owned by corporate insiders.

Crown 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.

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