Key Points
- CFO Paul Joachimczyk purchased 8,058 shares on April 24 at an average price of $49.64 (totaling ~$399,999), increasing his stake 39.31% to 28,558 shares, per an SEC filing.
- Sonoco missed Q1 expectations with $1.20 EPS (vs. $1.57 est.) and $1.68B revenue (vs. $1.88B est.), but issued FY2026 guidance of 5.800–6.200 EPS (analysts’ average ~5.83).
- The company raised its quarterly dividend to $0.54 (annualized $2.16), a ~4.5% yield with a payout ratio of about 20.8%; record date is May 8 and payment date June 10.
Sonoco Products Company (NYSE:SON - Get Free Report) CFO Paul Joachimczyk purchased 8,058 shares of the firm's stock in a transaction on Friday, April 24th. The shares were purchased at an average cost of $49.64 per share, with a total value of $399,999.12. Following the completion of the transaction, the chief financial officer owned 28,558 shares of the company's stock, valued at approximately $1,417,619.12. The trade was a 39.31% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Sonoco Products Stock Performance
SON stock opened at $48.40 on Friday. The firm has a market cap of $4.78 billion, a price-to-earnings ratio of 4.74, a PEG ratio of 1.03 and a beta of 0.50. The firm has a 50-day simple moving average of $54.25 and a two-hundred day simple moving average of $47.41. Sonoco Products Company has a one year low of $38.65 and a one year high of $58.44. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.60 and a current ratio of 0.96.
Sonoco Products (NYSE:SON - Get Free Report) last released its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.37). The firm had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.88 billion. Sonoco Products had a net margin of 13.57% and a return on equity of 16.50%. The business's quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.38 earnings per share. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. On average, equities analysts forecast that Sonoco Products Company will post 5.83 EPS for the current fiscal year.
Sonoco Products Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 4.5%. This is an increase from Sonoco Products's previous quarterly dividend of $0.53. The ex-dividend date is Friday, May 8th. Sonoco Products's dividend payout ratio is currently 20.78%.
Hedge Funds Weigh In On Sonoco Products
Several hedge funds and other institutional investors have recently bought and sold shares of SON. SBI Securities Co. Ltd. increased its holdings in Sonoco Products by 77.7% in the 4th quarter. SBI Securities Co. Ltd. now owns 590 shares of the industrial products company's stock worth $26,000 after buying an additional 258 shares during the period. Cornerstone Planning Group LLC acquired a new position in Sonoco Products in the 3rd quarter worth approximately $29,000. LRI Investments LLC acquired a new position in Sonoco Products in the 4th quarter worth approximately $29,000. True Wealth Design LLC increased its holdings in Sonoco Products by 172.5% in the 3rd quarter. True Wealth Design LLC now owns 744 shares of the industrial products company's stock worth $32,000 after buying an additional 471 shares during the period. Finally, Ameriflex Group Inc. increased its holdings in Sonoco Products by 1,263.6% in the 3rd quarter. Ameriflex Group Inc. now owns 900 shares of the industrial products company's stock worth $39,000 after buying an additional 834 shares during the period. Institutional investors and hedge funds own 77.69% of the company's stock.
Analyst Upgrades and Downgrades
SON has been the topic of several recent analyst reports. Argus upgraded shares of Sonoco Products to a "hold" rating in a report on Monday, April 20th. Wall Street Zen upgraded shares of Sonoco Products from a "hold" rating to a "buy" rating in a report on Saturday, February 7th. Raymond James Financial restated a "market perform" rating on shares of Sonoco Products in a report on Friday, March 6th. UBS Group cut their price objective on shares of Sonoco Products from $62.00 to $59.00 and set a "neutral" rating on the stock in a report on Friday, April 10th. Finally, Zacks Research upgraded shares of Sonoco Products from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 6th. Five equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Sonoco Products currently has a consensus rating of "Hold" and an average target price of $60.44.
Check Out Our Latest Research Report on Sonoco Products
Sonoco Products Company Profile
(
Get Free Report)
Sonoco Products Company (NYSE: SON) is a global provider of diversified packaging solutions, serving a wide range of consumer, industrial and retail markets. The company offers a broad portfolio that includes rigid paper and plastic containers, flexible packaging, industrial core and tube products, thermoformed plastics, retail point-of-purchase displays, and packaging supply chain services. Through its solutions, Sonoco helps customers in food and beverage, personal care, chemicals, healthcare, home and garden, and electronics industries address their packaging needs, improve product shelf appeal, and optimize logistics efficiency.
With operations in more than 30 countries across North America, South America, Europe, Asia and Africa, Sonoco leverages a global network of manufacturing facilities, recycling centers and distribution channels to meet the demands of multinational and regional customers.
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