Bessemer Group Inc. Lowers Stock Holdings in Crown Holdings, Inc. $CCK

Bessemer Group Inc. lowered its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 66.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,641 shares of the industrial products company’s stock after selling 7,061 shares during the quarter. Bessemer Group Inc.’s holdings in Crown were worth $375,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CCK. Invesco Ltd. grew its holdings in shares of Crown by 412.2% during the first quarter. Invesco Ltd. now owns 1,719,296 shares of the industrial products company’s stock worth $153,464,000 after buying an additional 1,383,624 shares during the last quarter. Swedbank AB boosted its holdings in Crown by 114.7% in the 1st quarter. Swedbank AB now owns 1,476,566 shares of the industrial products company’s stock valued at $131,798,000 after purchasing an additional 788,818 shares in the last quarter. Nuveen LLC purchased a new stake in Crown in the 1st quarter valued at approximately $41,360,000. Assenagon Asset Management S.A. boosted its holdings in Crown by 4,180.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 307,710 shares of the industrial products company’s stock valued at $31,688,000 after purchasing an additional 300,521 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in Crown by 1,719.4% in the 2nd quarter. Allianz Asset Management GmbH now owns 295,380 shares of the industrial products company’s stock valued at $30,418,000 after purchasing an additional 279,145 shares in the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Crown Stock Performance

NYSE:CCK opened at $97.19 on Monday. The company has a current ratio of 1.06, a quick ratio of 0.69 and a debt-to-equity ratio of 1.67. The firm has a 50-day moving average price of $95.71 and a two-hundred day moving average price of $98.50. Crown Holdings, Inc. has a twelve month low of $75.98 and a twelve month high of $109.48. The company has a market capitalization of $11.31 billion, a P/E ratio of 12.03, a price-to-earnings-growth ratio of 1.30 and a beta of 0.73.

Crown (NYSE:CCK) last issued its quarterly earnings data on Monday, October 20th. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.26. Crown had a return on equity of 27.35% and a net margin of 7.79%.The firm had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the previous year, the firm posted $1.99 EPS. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS. FY 2025 guidance at 7.700-7.80 EPS. As a group, research analysts expect that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Thursday, November 6th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, November 6th. Crown’s payout ratio is currently 12.87%.

Insider Activity

In related news, CEO Timothy J. Donahue sold 37,000 shares of Crown stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $100.56, for a total transaction of $3,720,720.00. Following the completion of the transaction, the chief executive officer directly owned 462,056 shares in the company, valued at $46,464,351.36. The trade was a 7.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Truist Financial reaffirmed a “buy” rating and issued a $126.00 price objective (up previously from $118.00) on shares of Crown in a report on Wednesday, October 22nd. Robert W. Baird lifted their price objective on Crown from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Wells Fargo & Company lifted their price objective on Crown from $97.00 to $99.00 and gave the company an “equal weight” rating in a report on Wednesday, October 22nd. Citigroup lowered their price objective on Crown from $135.00 to $124.00 and set a “buy” rating on the stock in a report on Monday, September 29th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Crown in a report on Wednesday, October 8th. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $118.08.

About Crown

Crown Holdings, Inc, together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures.