Natixis Advisors LLC grew its position in shares of Sonoco Products Company (NYSE:SON – Free Report) by 18.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 326,547 shares of the industrial products company’s stock after buying an additional 51,273 shares during the quarter. Natixis Advisors LLC’s holdings in Sonoco Products were worth $14,251,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Savant Capital LLC raised its stake in shares of Sonoco Products by 415.0% during the third quarter. Savant Capital LLC now owns 37,875 shares of the industrial products company’s stock valued at $1,632,000 after acquiring an additional 30,520 shares during the last quarter. DAVENPORT & Co LLC raised its stake in shares of Sonoco Products by 202.0% during the fourth quarter. DAVENPORT & Co LLC now owns 31,053 shares of the industrial products company’s stock valued at $1,355,000 after acquiring an additional 20,771 shares during the last quarter. Allianz Asset Management GmbH raised its stake in shares of Sonoco Products by 46.2% during the third quarter. Allianz Asset Management GmbH now owns 81,728 shares of the industrial products company’s stock valued at $3,522,000 after acquiring an additional 25,836 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Sonoco Products during the third quarter valued at about $1,556,000. Finally, UBS Group AG raised its stake in shares of Sonoco Products by 57.8% during the fourth quarter. UBS Group AG now owns 303,784 shares of the industrial products company’s stock valued at $13,257,000 after acquiring an additional 111,295 shares during the last quarter. 77.69% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on SON. Robert W. Baird lowered their price objective 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. Deutsche Bank Aktiengesellschaft began coverage on shares of Sonoco Products in a research note on Wednesday, April 1st. They set a “buy” rating and a $63.00 price objective for the company. Citigroup lowered their price objective 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. Bank of America reaffirmed a “buy” rating on shares of Sonoco Products in a research note on Wednesday, April 22nd. Finally, Argus upgraded shares of Sonoco Products to a “hold” rating in a research report on Monday, April 20th. Five equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $60.11.
Insider Buying and Selling at Sonoco Products
In related news, insider James A. Harrell III bought 6,753 shares of the company’s stock in a transaction on Monday, April 27th. The shares were acquired at an average cost of $50.37 per share, with a total value of $340,148.61. Following the completion of the acquisition, the insider owned 10,070 shares of the company’s stock, valued at $507,225.90. The trade was a 203.59% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Paul Joachimczyk acquired 8,058 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The shares were purchased at an average cost of $49.64 per share, for a total transaction of $399,999.12. Following the completion of the transaction, the chief financial officer directly owned 28,558 shares in the company, valued at $1,417,619.12. The trade was a 39.31% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.98% of the company’s stock.
Sonoco Products Price Performance
Shares of NYSE SON opened at $47.45 on Friday. Sonoco Products Company has a fifty-two week low of $38.65 and a fifty-two week high of $58.44. The company has a 50 day simple moving average of $51.46 and a two-hundred day simple moving average of $49.19. The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of 4.65, a P/E/G ratio of 1.00 and a beta of 0.39. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.54 and a current ratio of 0.96.
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 net margin of 13.57% and a return on equity of 16.50%. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the prior year, the business posted $1.38 EPS. Sonoco Products’s revenue for the quarter was down 1.9% on a year-over-year basis. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. Analysts expect that Sonoco Products Company will post 5.81 EPS 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 issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 4.6%. This is a positive change from Sonoco Products’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, May 8th. Sonoco Products’s dividend payout ratio is presently 21.18%.
About Sonoco Products
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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