Crown Holdings, Inc. $CCK Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its position in Crown Holdings, Inc. (NYSE:CCK) by 12.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 128,820 shares of the industrial products company’s stock after selling 19,111 shares during the quarter. Mutual of America Capital Management LLC owned about 0.11% of Crown worth $13,266,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Larson Financial Group LLC boosted its stake in Crown by 47.6% during the 1st quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 107 shares during the period. Geneos Wealth Management Inc. increased its stake in Crown by 45.3% in the first quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 111 shares during the period. Signaturefd LLC raised its holdings in shares of Crown by 161.2% in the first quarter. Signaturefd LLC now owns 397 shares of the industrial products company’s stock valued at $35,000 after buying an additional 245 shares during the last quarter. National Pension Service boosted its stake in shares of Crown by 74.4% during the first quarter. National Pension Service now owns 443 shares of the industrial products company’s stock worth $40,000 after buying an additional 189 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new position in shares of Crown during the second quarter worth about $46,000. 90.93% of the stock is owned by institutional investors and hedge funds.

Crown Price Performance

Crown stock opened at $94.03 on Friday. The company has a market cap of $10.94 billion, a P/E ratio of 19.75, a price-to-earnings-growth ratio of 1.34 and a beta of 0.73. Crown Holdings, Inc. has a one year low of $75.98 and a one year high of $109.48. The business has a fifty day moving average of $96.36 and a two-hundred day moving average of $97.28. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.69 and a current ratio of 1.06.

Crown (NYSE:CCK) last announced its quarterly earnings results on Monday, July 21st. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.29. Crown had a net margin of 4.64% and a return on equity of 27.15%. The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter last year, the firm posted $1.81 EPS. The business’s revenue was up 3.6% compared to the same quarter last year. Crown has set its FY 2025 guidance at 7.100-7.500 EPS. Q3 2025 guidance at 1.950-2.050 EPS. As a group, analysts predict that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $1.04 annualized dividend and a dividend yield of 1.1%. Crown’s payout ratio is 21.85%.

Analyst Upgrades and Downgrades

Several analysts have commented on CCK shares. Morgan Stanley upped their price objective on Crown from $114.00 to $118.00 and gave the company an “overweight” rating in a research note on Wednesday, June 25th. Truist Financial upgraded Crown from a “hold” rating to a “buy” rating and set a $118.00 price target for the company in a research note on Friday, September 5th. JPMorgan Chase & Co. lifted their price objective on shares of Crown from $108.00 to $112.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Baird R W cut shares of Crown from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 17th. Finally, Raymond James Financial began coverage on shares of Crown in a research note on Wednesday. They issued an “outperform” rating and a $110.00 target price for the company. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Crown currently has an average rating of “Moderate Buy” and a consensus target price of $116.62.

Insider Buying and Selling

In other news, CEO Timothy J. Donahue sold 13,000 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $100.52, for a total value of $1,306,760.00. Following the completion of the transaction, the chief executive officer owned 449,056 shares in the company, valued at $45,139,109.12. This trade represents a 2.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Gerard H. Gifford sold 8,222 shares of the business’s stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $102.93, for a total transaction of $846,290.46. Following the completion of the sale, the chief accounting officer owned 122,585 shares in the company, valued at $12,617,674.05. This represents a 6.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,222 shares of company stock worth $5,873,770. Insiders own 0.90% of the company’s stock.

Crown Profile

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.