ATLANTA—Michael James Farrell, the Executive Vice President of the Mills Division at Graphic Packaging Holding Co. (NYSE:GPK), recently sold a significant portion of company stock. According to a Form 4 filing with the Securities and Exchange Commission, Farrell sold 25,900 shares of common stock on November 6, 2024. The shares were sold at prices ranging from $28.93 to $29.06, with a weighted average sale price of $28.99, resulting in a total transaction value of approximately $750,841.
Following this transaction, Farrell retains ownership of 81,026 shares in the company. This sale was conducted through multiple trades, as detailed in the filing.
In other recent news, Graphic Packaging (NYSE:PKG) Holding Company reported third-quarter 2024 earnings with sales of $2.2 billion, adjusted EBITDA of $433 million, and an adjusted EPS of $0.64. This steady performance comes despite a sales decrease due to divestitures and market dynamics. The company also announced a successful collaboration with McDonald's (NYSE:MCD) to create a sustainable McFlurry container, aligning with its Vision 2030 sustainability goals. Looking forward, Graphic Packaging anticipates consistent performance for 2025 with low-single-digit sales growth and a projected decrease in capital expenditures by $300 million. The company is also transitioning to more transparent pricing mechanisms by Q1 2025. These are among the recent developments at the company, which is optimistic about future growth driven by innovation and pricing transparency.
InvestingPro Insights
The recent stock sale by Michael James Farrell comes at a time when Graphic Packaging Holding Co. (NYSE:GPK) is experiencing some notable financial trends. According to InvestingPro data, the company's stock is trading near its 52-week high, with a price at 95.02% of its peak. This aligns with the stock's strong performance, as evidenced by its 34.5% total return over the past year.
Despite the executive's sale, InvestingPro Tips indicate that management has been aggressively buying back shares, suggesting confidence in the company's value. This is further supported by GPK's high shareholder yield, which could be attractive to investors looking for companies that return value to shareholders.
The company's financial health appears robust, with a market capitalization of $8.75 billion and a P/E ratio of 12.57, which is relatively modest compared to some industry peers. However, it's worth noting that GPK operates with a significant debt burden, which investors should consider when evaluating the stock.
For those interested in a deeper analysis, InvestingPro offers 9 additional tips for Graphic Packaging Holding Co., providing a more comprehensive view of the company's financial position and market performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.