Sonoco Products Company (NYSE:SON - Get Free Report) VP John Florence sold 261 shares of Sonoco Products stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $58.56, for a total value of $15,284.16. Following the completion of the transaction, the vice president owned 15,795 shares of the company's stock, valued at approximately $924,955.20. This trade represents a 1.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Sonoco Products Stock Performance
NYSE:SON opened at $56.45 on Friday. The business's fifty day moving average is $53.20 and its 200 day moving average is $52.42. The firm has a market cap of $5.58 billion, a price-to-earnings ratio of 8.97, a PEG ratio of 1.20 and a beta of 0.37. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.55 and a current ratio of 0.99. Sonoco Products Company has a 52-week low of $38.65 and a 52-week high of $60.67.
Sonoco Products (NYSE:SON - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The industrial products company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.47 by $0.04. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. Sonoco Products had a return on equity of 16.50% and a net margin of 8.41%.The firm's revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.37 EPS. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. Research analysts predict that Sonoco Products Company will post 5.8 EPS for the current year.
Sonoco Products Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Monday, August 10th. Sonoco Products's dividend payout ratio (DPR) is 34.34%.
Institutional Investors Weigh In On Sonoco Products
Institutional investors and hedge funds have recently bought and sold shares of the stock. LSV Asset Management grew its stake in Sonoco Products by 95.7% in the 4th quarter. LSV Asset Management now owns 1,563,390 shares of the industrial products company's stock worth $68,226,000 after buying an additional 764,590 shares in the last quarter. UBS Group AG lifted its holdings in shares of Sonoco Products by 57.8% during the 4th quarter. UBS Group AG now owns 303,784 shares of the industrial products company's stock worth $13,257,000 after acquiring an additional 111,295 shares during the last quarter. Thompson Siegel & Walmsley LLC purchased a new position in Sonoco Products in the fourth quarter worth $7,774,000. Natixis Advisors LLC increased its stake in Sonoco Products by 18.6% in the fourth quarter. Natixis Advisors LLC now owns 326,547 shares of the industrial products company's stock valued at $14,251,000 after acquiring an additional 51,273 shares during the last quarter. Finally, M&T Bank Corp increased its stake in Sonoco Products by 129.5% in the fourth quarter. M&T Bank Corp now owns 89,798 shares of the industrial products company's stock valued at $3,919,000 after acquiring an additional 50,667 shares during the last quarter. 77.69% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
SON has been the topic of several recent analyst reports. Citigroup increased their target price on shares of Sonoco Products from $63.00 to $66.00 and gave the stock a "buy" rating in a research note on Thursday, July 9th. UBS Group reduced 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 report on Friday, April 10th. Robert W. Baird decreased their price target on shares of Sonoco Products from $60.00 to $55.00 and set a "neutral" rating on the stock in a report on Thursday, April 23rd. Weiss Ratings downgraded Sonoco Products from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, July 20th. Finally, Wall Street Zen lowered Sonoco Products from a "buy" rating to a "hold" rating in a research note on Saturday, May 2nd. Five analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Sonoco Products has a consensus rating of "Hold" and a consensus target price of $61.78.
Get Our Latest Stock Report on SON
Sonoco Products Company Profile
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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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