Key Points
- Insider purchase: James Harrell III bought 6,753 shares at $50.37 each for a total of $340,148.61, raising his holding to 10,070 shares—a 203.6% increase.
- Q1 miss and guidance: Sonoco reported Q1 EPS of $1.20 (vs. $1.57 expected) and revenue of $1.68B (vs. $1.88B), and set FY2026 guidance of $5.80–$6.20 EPS while analysts' consensus remains a "Hold" with a $60.11 average price target.
- Dividend increase: The company raised its quarterly dividend to $0.54 (annualized $2.16) for a ~4.4% yield, with an ex-dividend/record date on May 8 and payment on June 10.
Sonoco Products Company (NYSE:SON - Get Free Report) insider James Harrell III bought 6,753 shares of the company's stock in a transaction on Monday, April 27th. The stock was bought at an average cost of $50.37 per share, with a total value of $340,148.61. Following the completion of the purchase, the insider owned 10,070 shares of the company's stock, valued at approximately $507,225.90. The trade was a 203.59% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Sonoco Products Trading Down 1.5%
Shares of NYSE SON opened at $49.15 on Thursday. Sonoco Products Company has a 1-year low of $38.65 and a 1-year high of $58.44. The company has a market cap of $4.86 billion, a PE ratio of 4.82, a P/E/G ratio of 1.05 and a beta of 0.50. The company has a current ratio of 0.96, a quick ratio of 0.54 and a debt-to-equity ratio of 0.97. The company has a 50-day moving average of $53.92 and a two-hundred day moving average of $47.63.
Sonoco Products (NYSE:SON - Get Free Report) last announced its earnings results on Tuesday, April 21st. The industrial products company reported $1.20 earnings per share for the quarter, missing analysts' consensus estimates of $1.57 by ($0.37). Sonoco Products had a return on equity of 16.50% and a net margin of 13.57%.The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the prior year, the firm posted $1.38 earnings per share. The company's revenue was down 1.9% on a year-over-year basis. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. As a group, equities analysts expect that Sonoco Products Company will post 5.83 earnings per share for the current fiscal year.
Sonoco Products Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th will be paid a $0.54 dividend. This is a boost from Sonoco Products's previous quarterly dividend of $0.53. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, May 8th. Sonoco Products's payout ratio is presently 21.18%.
Analyst Ratings Changes
A number of brokerages have weighed in on SON. Raymond James Financial reaffirmed a "market perform" rating on shares of Sonoco Products in a research note on Friday, March 6th. UBS Group dropped their price target on shares of Sonoco Products from $62.00 to $59.00 and set a "neutral" rating for the company in a research note on Friday, April 10th. Robert W. Baird dropped their price target on shares of Sonoco Products from $60.00 to $55.00 and set a "neutral" rating for the company in a research note on Thursday, April 23rd. Citigroup dropped their price target on shares of Sonoco Products from $70.00 to $63.00 and set a "buy" rating for the company in a research note on Thursday, April 23rd. Finally, Wall Street Zen raised shares of Sonoco Products from a "hold" rating to a "buy" rating in a research note on Saturday, February 7th. Five research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $60.11.
View Our Latest Report on SON
Institutional Investors Weigh In On Sonoco Products
A number of institutional investors and hedge funds have recently modified their holdings of the business. Fuller & Thaler Asset Management Inc. raised its stake in shares of Sonoco Products by 477.8% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 5,901,950 shares of the industrial products company's stock worth $257,561,000 after buying an additional 4,880,438 shares during the last quarter. State Street Corp raised its stake in shares of Sonoco Products by 0.3% during the second quarter. State Street Corp now owns 4,470,449 shares of the industrial products company's stock worth $194,733,000 after buying an additional 13,161 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Sonoco Products by 4.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,898,370 shares of the industrial products company's stock valued at $170,126,000 after purchasing an additional 176,949 shares during the period. Bank of America Corp DE grew its holdings in Sonoco Products by 6.1% during the second quarter. Bank of America Corp DE now owns 2,804,621 shares of the industrial products company's stock valued at $122,169,000 after purchasing an additional 162,262 shares during the period. Finally, Earnest Partners LLC grew its holdings in Sonoco Products by 1.2% during the third quarter. Earnest Partners LLC now owns 2,678,122 shares of the industrial products company's stock valued at $115,400,000 after purchasing an additional 31,932 shares during the period. 77.69% of the stock is owned by institutional investors.
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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