Bank of New York Mellon Corp Has $148.25 Million Stock Holdings in Crown Holdings, Inc. $CCK

Bank of New York Mellon Corp cut its position in Crown Holdings, Inc. (NYSE:CCK) by 53.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,534,830 shares of the industrial products company’s stock after selling 1,765,832 shares during the period. Bank of New York Mellon Corp’s holdings in Crown were worth $148,249,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Harbor Capital Advisors Inc. raised its stake in shares of Crown by 103.1% in the third quarter. Harbor Capital Advisors Inc. now owns 264 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 134 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of Crown by 45.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 111 shares during the last quarter. Quent Capital LLC acquired a new stake in shares of Crown in the 3rd quarter valued at approximately $34,000. Root Financial Partners LLC acquired a new stake in Crown during the 3rd quarter worth $37,000. Finally, Mather Group LLC. acquired a new stake in Crown during the 3rd quarter worth approximately $39,000. Institutional investors and hedge funds own 90.93% of the company’s stock.

Wall Street Analysts Forecast Growth

CCK has been the subject of a number of research reports. Wall Street Zen upgraded Crown from a “hold” rating to a “buy” rating in a report on Sunday, January 18th. Royal Bank Of Canada raised their price target on shares of Crown from $116.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Mizuho boosted their price objective on shares of Crown from $116.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 21st. Raymond James Financial restated an “outperform” rating and set a $115.00 target price (up previously from $110.00) on shares of Crown in a report on Wednesday, October 22nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Crown in a research note on Monday, December 29th. Twelve research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Crown currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.62.

Crown Stock Performance

NYSE CCK opened at $104.59 on Friday. The firm has a 50-day moving average price of $101.50 and a two-hundred day moving average price of $99.08. Crown Holdings, Inc. has a 12-month low of $75.98 and a 12-month high of $109.48. The company has a market capitalization of $12.06 billion, a P/E ratio of 12.94, a P/E/G ratio of 1.20 and a beta of 0.75. The company has a quick ratio of 0.76, a current ratio of 1.16 and a debt-to-equity ratio of 1.65.

Insider Buying and Selling

In other news, CEO Timothy J. Donahue sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $105.00, for a total transaction of $787,500.00. Following the completion of the sale, the chief executive officer owned 482,236 shares of the company’s stock, valued at approximately $50,634,780. This represents a 1.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Djalma Novaes, Jr. sold 19,754 shares of the firm’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $101.02, for a total value of $1,995,549.08. Following the completion of the sale, the chief operating officer directly owned 96,841 shares in the company, valued at approximately $9,782,877.82. This represents a 16.94% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 64,754 shares of company stock valued at $6,720,634. 0.90% of the stock is currently owned by insiders.

Key Stories Impacting Crown

Here are the key news stories impacting Crown this week:

• Neutral Sentiment: Cascades agreed to sell a corrugated packaging plant in Richmond, B.C., to Crown Paper Group for CA$65.5M — a regional consolidation in the packaging sector that may slightly alter competitive dynamics but does not directly involve Crown Holdings. Cascades sells Richmond, B.C. packaging plant to Crown Paper Group for $65.5 million
• Negative Sentiment: An insider sale: CEO Timothy J. Donahue sold 7,500 CCK shares at an average price of $105 (≈$787,500), reducing his holding by ~1.53%. Insider selling can be interpreted by some investors as a negative signal on near-term insider conviction, though the sale is small relative to his total holdings. SEC Filing: Insider Sale

Crown Company 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.