Trump meets Zelenskiy, says Putin wants war to end, mulls trilateral talks
In a recent transaction reported to the Securities and Exchange Commission, Matt Madeksza, President of Transit Packaging (NYSE:PKG) at Crown Holdings, Inc. (NYSE:CCK), sold 1,500 shares of the company’s common stock. The shares were sold at a price of $99 each, amounting to a total transaction value of $148,500. The transaction comes as Crown Holdings, with a market capitalization of $11.46 billion, maintains a "GOOD" financial health rating according to InvestingPro analysis.
Following the sale on June 6, 2025, Madeksza retains ownership of 41,302 shares in the company. This transaction was executed directly by Madeksza, as indicated in the filing. The stock is currently trading near its 52-week high of $100.23, with analysts setting price targets ranging from $101 to $129. InvestingPro data reveals 8 additional key insights about Crown Holdings’ performance and valuation.
Crown Holdings, Inc. is a leading provider of packaging products and services, and this insider transaction provides a glimpse into the recent activity within the company’s executive ranks. The company has demonstrated strong shareholder focus, with management actively buying back shares and maintaining four consecutive years of dividend growth.
In other recent news, Crown Holdings reported first-quarter results that surpassed expectations, fueled by strong North American volumes and effective execution. The company has also announced plans to expand its Ponta Grossa plant in Brazil by adding a third high-speed production line, increasing capacity by 50% to 3.6 billion cans annually by the third quarter of 2026. Despite this expansion, Crown Holdings maintains its 2025 financial guidance, projecting an adjusted free cash flow of approximately $800 million and capital expenditures around $450 million. RBC Capital has reaffirmed its Outperform rating for the company’s stock, while BofA continues to support a Buy rating, highlighting the strategic expansion in Brazil. Truist Securities, however, maintains a Hold rating with a $110 price target. Additionally, Crown Holdings plans to redeem $875 million in senior notes due in 2026, contingent upon the successful issuance of new notes. This financial maneuver aligns with the company’s broader strategy to optimize its capital structure. These developments reflect Crown Holdings’ ongoing efforts to strengthen its market position and enhance operational efficiency.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.