Crown Holdings, Inc. $CCK Shares Bought by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG increased its stake in Crown Holdings, Inc. (NYSE:CCK) by 373.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,688 shares of the industrial products company’s stock after purchasing an additional 18,688 shares during the period. J. Safra Sarasin Holding AG’s holdings in Crown were worth $2,439,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of CCK. GAMMA Investing LLC boosted its stake in Crown by 18,674.3% in the 1st quarter. GAMMA Investing LLC now owns 107,201 shares of the industrial products company’s stock worth $9,569,000 after purchasing an additional 106,630 shares in the last quarter. Parallel Advisors LLC boosted its stake in Crown by 33.8% in the 1st quarter. Parallel Advisors LLC now owns 811 shares of the industrial products company’s stock worth $72,000 after purchasing an additional 205 shares in the last quarter. NBC Securities Inc. boosted its stake in Crown by 101,566.7% in the 1st quarter. NBC Securities Inc. now owns 3,050 shares of the industrial products company’s stock worth $272,000 after purchasing an additional 3,047 shares in the last quarter. Merit Financial Group LLC boosted its stake in Crown by 115.4% in the 1st quarter. Merit Financial Group LLC now owns 6,635 shares of the industrial products company’s stock worth $592,000 after purchasing an additional 3,555 shares in the last quarter. Finally, Fulton Bank N.A. acquired a new stake in Crown in the 1st quarter worth approximately $218,000. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CCK has been the subject of a number of recent analyst reports. Wells Fargo & Company lifted their target price on shares of Crown from $101.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. 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 note on Wednesday, July 23rd. Morgan Stanley lifted their price objective on shares of Crown from $114.00 to $118.00 and gave the company an “overweight” rating in a research note on Wednesday, June 25th. Bank of America lifted their price objective on shares of Crown from $110.00 to $117.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Finally, Truist Financial upgraded shares of Crown from a “hold” rating to a “buy” rating and set a $118.00 price objective for the company in a research note on Friday, September 5th. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $119.33.

Insider Buying and Selling at Crown

In related news, CAO Gerard H. Gifford sold 8,222 shares of the business’s stock in a transaction on Friday, July 25th. The shares were sold at an average price of $102.93, for a total value of $846,290.46. Following the completion of the transaction, the chief accounting officer directly owned 122,585 shares in the company, valued at $12,617,674.05. The trade was a 6.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Timothy J. Donahue sold 37,000 shares of the business’s stock in a transaction 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 sale, the chief executive officer directly owned 462,056 shares of the company’s stock, valued at approximately $46,464,351.36. The trade was a 7.41% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 58,222 shares of company stock valued at $5,873,770. Company insiders own 0.90% of the company’s stock.

Crown Stock Performance

CCK opened at $96.43 on Friday. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.06 and a quick ratio of 0.69. The firm has a fifty day moving average price of $97.94 and a 200 day moving average price of $97.04. Crown Holdings, Inc. has a 1 year low of $75.98 and a 1 year high of $109.48. The stock has a market cap of $11.22 billion, a P/E ratio of 20.26, a P/E/G ratio of 1.48 and a beta of 0.73.

Crown (NYSE:CCK) last posted its earnings results on Monday, July 21st. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.29. Crown had a net margin of 4.64% and a return on equity of 27.15%. The firm had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same period in the previous year, the business 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. Equities research analysts anticipate that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Announces Dividend

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

Crown Company 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.