Manning & Napier Advisors LLC Makes New Investment in Graphic Packaging Holding Company $GPK

Manning & Napier Advisors LLC acquired a new stake in Graphic Packaging Holding Company (NYSE:GPK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 35,000 shares of the industrial products company’s stock, valued at approximately $685,000.

Several other hedge funds and other institutional investors have also made changes to their positions in GPK. American Century Companies Inc. raised its position in Graphic Packaging by 19.1% during the second quarter. American Century Companies Inc. now owns 22,022,347 shares of the industrial products company’s stock worth $464,011,000 after acquiring an additional 3,533,846 shares in the last quarter. Norges Bank bought a new stake in shares of Graphic Packaging in the 2nd quarter valued at about $55,632,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Graphic Packaging by 8.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 19,138,977 shares of the industrial products company’s stock valued at $374,550,000 after purchasing an additional 1,502,681 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Graphic Packaging by 11.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 11,570,040 shares of the industrial products company’s stock valued at $243,781,000 after purchasing an additional 1,218,848 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Graphic Packaging by 28.8% during the second quarter. Invesco Ltd. now owns 2,130,941 shares of the industrial products company’s stock worth $44,899,000 after purchasing an additional 477,085 shares during the period. 99.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on GPK shares. Truist Financial dropped their price objective on Graphic Packaging from $20.00 to $18.00 and set a “hold” rating on the stock in a research note on Tuesday, January 6th. Robert W. Baird reissued a “neutral” rating and set a $18.00 target price on shares of Graphic Packaging in a report on Wednesday, January 7th. Royal Bank Of Canada set a $16.00 price target on Graphic Packaging and gave the company a “sector perform” rating in a research note on Thursday. Zacks Research raised Graphic Packaging from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 16th. Finally, Citigroup decreased their price objective on shares of Graphic Packaging from $19.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, January 6th. Ten investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Graphic Packaging presently has a consensus rating of “Reduce” and a consensus target price of $18.38.

Graphic Packaging Trading Down 0.4%

Shares of Graphic Packaging stock opened at $15.41 on Friday. Graphic Packaging Holding Company has a 52-week low of $13.93 and a 52-week high of $28.62. The stock has a market cap of $4.55 billion, a PE ratio of 9.07 and a beta of 0.64. The firm has a 50-day moving average of $15.58 and a 200-day moving average of $18.82. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.63 and a current ratio of 1.54.

Graphic Packaging (NYSE:GPK) last issued its quarterly earnings data on Tuesday, November 4th. The industrial products company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.04. Graphic Packaging had a net margin of 5.94% and a return on equity of 19.98%. The business had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.17 billion. Graphic Packaging has set its FY 2025 guidance at 1.800-2.000 EPS. As a group, sell-side analysts forecast that Graphic Packaging Holding Company will post 2.47 EPS for the current year.

Graphic Packaging Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Monday, December 15th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.44 dividend on an annualized basis and a yield of 2.9%. Graphic Packaging’s dividend payout ratio is currently 25.88%.

About Graphic Packaging

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.