Mediolanum International Funds Ltd Buys 41,128 Shares of Crown Holdings, Inc. $CCK

Mediolanum International Funds Ltd boosted its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 71.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,316 shares of the industrial products company’s stock after purchasing an additional 41,128 shares during the quarter. Mediolanum International Funds Ltd owned about 0.08% of Crown worth $10,176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in CCK. Bank of New York Mellon Corp grew its position in shares of Crown by 5.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,300,662 shares of the industrial products company’s stock worth $339,902,000 after buying an additional 165,600 shares during the last quarter. AQR Capital Management LLC boosted its stake in Crown by 3.7% in the first quarter. AQR Capital Management LLC now owns 1,768,476 shares of the industrial products company’s stock valued at $156,988,000 after acquiring an additional 63,395 shares in the last quarter. Invesco Ltd. grew its holdings in Crown by 412.2% in the first quarter. Invesco Ltd. now owns 1,719,296 shares of the industrial products company’s stock worth $153,464,000 after purchasing an additional 1,383,624 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Crown by 16.7% during the second quarter. Nordea Investment Management AB now owns 1,691,770 shares of the industrial products company’s stock worth $174,015,000 after purchasing an additional 242,072 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Crown by 5.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,637,155 shares of the industrial products company’s stock valued at $146,117,000 after purchasing an additional 83,523 shares during the last quarter. 90.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CCK shares. Royal Bank Of Canada boosted their target price on Crown from $116.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Wall Street Zen upgraded Crown from a “hold” rating to a “buy” rating in a research note on Sunday, October 26th. Raymond James Financial reaffirmed an “outperform” rating and issued a $115.00 price objective (up from $110.00) on shares of Crown in a research report on Wednesday, October 22nd. UBS Group reissued a “buy” rating and set a $117.00 target price on shares of Crown in a research report on Tuesday, October 21st. Finally, Truist Financial reaffirmed a “buy” rating and issued a $126.00 price target (up previously from $118.00) on shares of Crown in a report on Wednesday, October 22nd. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.08.

Crown Price Performance

Shares of NYSE CCK opened at $97.26 on Friday. Crown Holdings, Inc. has a 52 week low of $75.98 and a 52 week high of $109.48. The business’s 50 day moving average price is $95.84 and its 200 day moving average price is $99.08. The company has a quick ratio of 0.69, a current ratio of 1.06 and a debt-to-equity ratio of 1.67. The firm has a market cap of $11.22 billion, a P/E ratio of 12.04, a P/E/G ratio of 1.30 and a beta of 0.78.

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

Crown Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, November 6th. Crown’s dividend payout ratio is presently 12.87%.

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.