Graphic Packaging Holding (NYSE:GPK) Shares Acquired by Menard Financial Group LLC

Menard Financial Group LLC boosted its position in Graphic Packaging Holding (NYSE:GPK) by 13.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 16,595 shares of the industrial products company’s stock after acquiring an additional 1,921 shares during the quarter. Menard Financial Group LLC’s holdings in Graphic Packaging were worth $491,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its stake in shares of Graphic Packaging by 41.9% in the 2nd quarter. American Century Companies Inc. now owns 12,115,566 shares of the industrial products company’s stock valued at $317,549,000 after purchasing an additional 3,576,877 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Graphic Packaging by 24.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 14,800,425 shares of the industrial products company’s stock valued at $437,945,000 after buying an additional 2,927,344 shares during the last quarter. FMR LLC raised its stake in Graphic Packaging by 12.6% during the third quarter. FMR LLC now owns 20,460,161 shares of the industrial products company’s stock valued at $605,416,000 after buying an additional 2,294,688 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Graphic Packaging by 7.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,600,600 shares of the industrial products company’s stock worth $251,632,000 after buying an additional 706,486 shares during the last quarter. Finally, Sei Investments Co. grew its position in shares of Graphic Packaging by 33.2% in the 2nd quarter. Sei Investments Co. now owns 1,719,878 shares of the industrial products company’s stock worth $45,078,000 after acquiring an additional 428,278 shares in the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GPK. StockNews.com cut Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Truist Financial downgraded Graphic Packaging from a “buy” rating to a “hold” rating and decreased their target price for the company from $32.00 to $30.00 in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada lowered their price objective on Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Graphic Packaging has a consensus rating of “Hold” and a consensus price target of $31.53.

Insider Activity

In other Graphic Packaging news, EVP Michael James Farrell sold 25,900 shares of Graphic Packaging stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $28.99, for a total value of $750,841.00. Following the completion of the sale, the executive vice president now directly owns 81,026 shares in the company, valued at $2,348,943.74. The trade was a 24.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Charles D. Lischer sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $29.65, for a total transaction of $355,800.00. Following the completion of the sale, the chief accounting officer now directly owns 49,849 shares of the company’s stock, valued at $1,478,022.85. This represents a 19.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Graphic Packaging Stock Down 0.8 %

GPK opened at $30.05 on Wednesday. Graphic Packaging Holding has a 12 month low of $22.66 and a 12 month high of $30.70. The stock has a market cap of $9.02 billion, a P/E ratio of 12.84, a P/E/G ratio of 11.77 and a beta of 0.83. The stock’s 50 day moving average price is $29.17 and its 200 day moving average price is $28.46. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.73 and a quick ratio of 0.72.

Graphic Packaging (NYSE:GPK) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.04). The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.27 billion. Graphic Packaging had a net margin of 7.99% and a return on equity of 28.26%. The business’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.74 earnings per share. As a group, research analysts predict that Graphic Packaging Holding will post 2.52 earnings per share for the current year.

Graphic Packaging Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, January 5th. Stockholders of record on Sunday, December 15th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.40 annualized dividend and a dividend yield of 1.33%. Graphic Packaging’s dividend payout ratio is currently 17.09%.

Graphic Packaging Profile

Graphic Packaging Holding Company, together with its subsidiaries, designs, produces, and sells consumer packaging products to brands in food, beverage, foodservice, household, and other consumer products. It operates through three segments: Paperboard Manufacturing, Americas Paperboard Packaging, and Europe Paperboard Packaging.