Crown Holdings (CCK)

• Market cap: $9.94B
• 1 day: 0.98%
• 5 days: -5.04%
• 1 month: -8.01%
• 3 months: -11.37%
• 6 months: 7.51%
• Year to date: -9.48%
• 1 year: -9.03%
• 5 years: 15.48%
• 10 years: 60.45%
• Sector: Consumer Discretionary
• Industry: Metal Cans

About: Crown Holdings is one of the world's largest producers of metal packaging. The company manufactures beverage cans, metal food cans, and closures as well as aerosol cans. With the purchase of Signode, the company also has a presence in a wide variety of protective transport packaging. Although it's headquartered in the United States, the vast majority of Crown's sales come from its operations in Europe, South America, and Southeast Asia.

Employees: 25,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

56% more first-time investments, than exits

New positions opened: 81 | Existing positions closed: 52

28% more capital invested

Capital invested by funds: $8.2B [Q2] → $10.5B (+$2.31B) [Q3]

6% more funds holding

Funds holding: 468 [Q2] → 497 (+29) [Q3]

7% more repeat investments, than reductions

Existing positions increased: 179 | Existing positions reduced: 168

0.3% less ownership

Funds ownership: 91.34% [Q2] → 91.05% (-0.3%) [Q3]

29% less funds holding in top 10

Funds holding in top 10: 7 [Q2] → 5 (-2) [Q3]

50% less call options, than puts

Call options by funds: $103M | Put options by funds: $208M

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $103 24% upside
• Avg. target: $111 34% upside
• High target: $129 55% upside

8 analyst ratings

• positive: 5 63%
• neutral: 3 38%
• negative: 0 0%

RBC Capital Arun Viswanathan 29% 1-year accuracy 20 / 70 met price target	36% upside $113	Outperform Maintained	23 Oct 2024
Loop Capital Alton Stump 35% 1-year accuracy 6 / 17 met price target	55% upside $129	Buy Maintained	21 Oct 2024
Wells Fargo Gabe Hajde 56% 1-year accuracy 31 / 55 met price target	26% upside $105	Equal-Weight Maintained	21 Oct 2024
Barclays Michael Leithead 37% 1-year accuracy 7 / 19 met price target	35% upside $112	Overweight Maintained	21 Oct 2024
Morgan Stanley Pamela Kaufman 100% 1-year accuracy 5 / 5 met price target	31% upside $109	Equal-Weight Maintained	21 Oct 2024