Graphic Packaging (NYSE:GPK) CEO Robbert Rietbroek Purchases 44,278 Shares

Key Points

  • CEO Robbert Rietbroek purchased 44,278 shares on March 4 at an average price of $11.32 per share, a $501,226.96 transaction that left him directly owning 44,278 shares (reported in an SEC filing).
  • Shares traded up 2.3% to $11.45 on the report and are near their 12‑month low of $11.02; the company has a $3.38 billion market cap, a P/E of 7.74, and reported $0.24 EPS on $2.10 billion revenue for the quarter.
  • Graphic Packaging pays a $0.11 quarterly dividend (annualized $0.44, 3.8% yield) with an ex‑dividend date of March 13 and payment on April 8, while analysts' consensus is a "Reduce" rating with a $16.63 target price.

Graphic Packaging Holding Company (NYSE:GPK - Get Free Report) CEO Robbert Rietbroek acquired 44,278 shares of the company's stock in a transaction that occurred on Wednesday, March 4th. The shares were acquired at an average cost of $11.32 per share, for a total transaction of $501,226.96. Following the purchase, the chief executive officer directly owned 44,278 shares of the company's stock, valued at $501,226.96. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link.

Graphic Packaging Stock Up 2.3%

Shares of NYSE GPK traded up $0.26 on Thursday, reaching $11.45. 1,516,700 shares of the company's stock traded hands, compared to its average volume of 6,324,688. The business's 50 day simple moving average is $14.01 and its two-hundred day simple moving average is $16.64. Graphic Packaging Holding Company has a 12 month low of $11.02 and a 12 month high of $28.19. The company has a market cap of $3.38 billion, a price-to-earnings ratio of 7.74 and a beta of 0.65. The company has a quick ratio of 0.52, a current ratio of 1.30 and a debt-to-equity ratio of 1.50.

Graphic Packaging (NYSE:GPK - Get Free Report) last issued its quarterly earnings results on Monday, March 2nd. The industrial products company reported $0.24 EPS for the quarter. The firm had revenue of $2.10 billion for the quarter. Graphic Packaging had a return on equity of 16.58% and a net margin of 5.15%. As a group, equities research analysts forecast that Graphic Packaging Holding Company will post 2.47 EPS for the current fiscal year.

Graphic Packaging Dividend Announcement




The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Sunday, March 15th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, March 13th. Graphic Packaging's dividend payout ratio is currently 29.73%.

Institutional Trading of Graphic Packaging

Large investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC increased its stake in shares of Graphic Packaging by 8.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 19,138,977 shares of the industrial products company's stock worth $374,550,000 after purchasing an additional 1,502,681 shares in the last quarter. Texas Permanent School Fund Corp increased its stake in Graphic Packaging by 48.0% in the 2nd quarter. Texas Permanent School Fund Corp now owns 234,885 shares of the industrial products company's stock worth $4,949,000 after buying an additional 76,226 shares in the last quarter. Royce & Associates LP raised its holdings in Graphic Packaging by 15.6% during the third quarter. Royce & Associates LP now owns 1,244,210 shares of the industrial products company's stock valued at $24,349,000 after acquiring an additional 167,623 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of Graphic Packaging in the third quarter valued at about $2,683,000. Finally, Barings LLC boosted its stake in shares of Graphic Packaging by 63.8% in the second quarter. Barings LLC now owns 83,412 shares of the industrial products company's stock worth $1,757,000 after acquiring an additional 32,503 shares during the period. 99.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Truist Financial set a $14.00 price target on shares of Graphic Packaging in a research note on Wednesday, February 4th. Zacks Research cut shares of Graphic Packaging from a "hold" rating to a "strong sell" rating in a report on Wednesday, January 14th. Citigroup dropped their target price on shares of Graphic Packaging from $16.00 to $13.00 and set a "neutral" rating on the stock in a research note on Thursday, February 5th. Weiss Ratings reiterated a "sell (d+)" rating on shares of Graphic Packaging in a report on Monday, December 29th. Finally, Wells Fargo & Company decreased their price objective on shares of Graphic Packaging from $12.00 to $11.00 and set an "underweight" rating for the company in a report on Wednesday, February 4th. Eight investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Reduce" and a consensus target price of $16.63.

Read Our Latest Stock Report on GPK

Graphic Packaging Company Profile

(Get Free Report)

Graphic Packaging Holding Company is a leading provider of sustainable paperboard packaging solutions, offering a broad portfolio of products designed for food, beverage and other consumer goods markets. The company specializes in the manufacture of containerboard, folding cartons and engineered fill materials, as well as beverage packaging systems including paperboard cups, carriers and related components.

Through a network of manufacturing facilities across North America, Europe and Latin America, Graphic Packaging serves a diverse customer base that includes major consumer packaged goods companies, quick-service restaurants and retail chains.

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