Jennison Associates LLC Has $49.12 Million Holdings in Crown Holdings, Inc. $CCK

Jennison Associates LLC cut its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 15.9% during the first quarter, HoldingsChannel.com reports. The firm owned 489,944 shares of the industrial products company’s stock after selling 92,431 shares during the period. Jennison Associates LLC’s holdings in Crown were worth $49,117,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of CCK. Caitong International Asset Management Co. Ltd acquired a new position in Crown in the third quarter worth about $29,000. ORG Partners LLC grew its stake in shares of Crown by 52.5% in the 4th quarter. ORG Partners LLC now owns 305 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 105 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of Crown by 45.3% in the 1st 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. BOK Financial Private Wealth Inc. acquired a new position in shares of Crown in the 4th quarter worth approximately $42,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of Crown by 52.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 440 shares of the industrial products company’s stock worth $46,000 after buying an additional 151 shares during the period. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Crown

Here are the key news stories impacting Crown this week:

• Positive Sentiment: Second-quarter earnings beat Wall Street estimates, with Crown reporting $2.49 EPS versus $2.15 expected, and revenue of $3.67 billion versus $3.37 billion expected. Crown Holdings Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Management lifted FY 2026 EPS guidance to $8.30-$8.50, above the $8.10 consensus, signaling confidence in full-year profitability.
• Positive Sentiment: Operational momentum improved as global beverage can volumes rose 5%, supporting higher sales and suggesting steady demand in Crown’s core packaging business. Crown Holdings Posts Higher Sales As Global Beverage Can Volumes Rise
• Neutral Sentiment: The company’s Q3 EPS guidance of $2.20-$2.30 was slightly below the $2.25 consensus midpoint, which may limit upside as investors assess whether the strong second quarter can carry forward.
• Neutral Sentiment: Technical commentary noted a recent golden cross, which can be viewed as a constructive long-term chart signal, though it was not a direct fundamental driver. Should You Buy Crown Holdings After Golden Cross?

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CCK shares. UBS Group lowered their price target on Crown from $120.00 to $112.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 29th. Raymond James Financial lifted their price objective on Crown from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Wednesday, July 15th. Royal Bank Of Canada upped their target price on shares of Crown from $129.00 to $131.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Wall Street Zen upgraded shares of Crown from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Finally, Bank of America lifted their price target on shares of Crown from $129.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Crown has an average rating of “Moderate Buy” and an average price target of $124.07.

Insider Buying and Selling

In other Crown news, CEO Timothy J. Donahue sold 15,000 shares of the stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $105.00, for a total value of $1,575,000.00. Following the transaction, the chief executive officer directly owned 436,070 shares in the company, valued at approximately $45,787,350. This trade represents a 3.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.90% of the company’s stock.

Crown Trading Down 2.1%

CCK opened at $114.73 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 0.70 and a debt-to-equity ratio of 1.67. The stock has a market capitalization of $12.82 billion, a PE ratio of 18.27, a PEG ratio of 1.96 and a beta of 0.60. Crown Holdings, Inc. has a 1-year low of $89.21 and a 1-year high of $118.50. The firm has a 50-day moving average price of $103.18 and a two-hundred day moving average price of $104.80.

Crown (NYSE:CCK) last announced its earnings results on Monday, July 20th. The industrial products company reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.34. Crown had a net margin of 5.65% and a return on equity of 26.62%. The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same period in the prior year, the business earned $2.15 earnings per share. Crown has set its Q3 2026 guidance at 2.200-2.30 EPS and its FY 2026 guidance at 8.300-8.50 EPS. As a group, equities analysts anticipate that Crown Holdings, Inc. will post 8.06 earnings per share for the current fiscal year.

Crown Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $1.40 annualized dividend and a yield of 1.2%. Crown’s dividend payout ratio is currently 22.29%.

Crown 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.