1,251,407 Shares in Sonoco Products Company $SON Acquired by Norges Bank

Posted by Brian Himes on Jun 8th, 2026

Norges Bank acquired a new stake in shares of Sonoco Products Company (NYSE:SON – Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,251,407 shares of the industrial products company’s stock, valued at approximately $54,611,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Rothschild Investment LLC raised its stake in shares of Sonoco Products by 80.6% during the 4th quarter. Rothschild Investment LLC now owns 4,677 shares of the industrial products company’s stock valued at $204,000 after buying an additional 2,088 shares during the last quarter. Intech Investment Management LLC acquired a new stake in Sonoco Products during the fourth quarter worth about $5,104,000. Geode Capital Management LLC raised its position in Sonoco Products by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 1,829,794 shares of the industrial products company’s stock valued at $79,869,000 after acquiring an additional 53,540 shares in the last quarter. Hantz Financial Services Inc. raised its position in Sonoco Products by 131.8% during the fourth quarter. Hantz Financial Services Inc. now owns 4,459 shares of the industrial products company’s stock valued at $195,000 after acquiring an additional 2,535 shares in the last quarter. Finally, Powell Investment Advisors LLC lifted its holdings in Sonoco Products by 1.0% in the fourth quarter. Powell Investment Advisors LLC now owns 20,718 shares of the industrial products company’s stock valued at $904,000 after acquiring an additional 203 shares during the period. Institutional investors and hedge funds own 77.69% of the company’s stock.

Sonoco Products Stock Performance

NYSE:SON opened at $47.45 on Monday. The company has a market cap of $4.69 billion, a P/E ratio of 4.65, a P/E/G ratio of 1.00 and a beta of 0.39. Sonoco Products Company has a twelve month low of $38.65 and a twelve month high of $58.44. The company’s 50-day moving average price is $51.46 and its 200-day moving average price is $49.25. The company has a current ratio of 0.96, a quick ratio of 0.54 and a debt-to-equity ratio of 0.97.

Sonoco Products (NYSE:SON – Get Free Report) last announced its quarterly earnings data on Tuesday, April 21st. The industrial products company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.37). The business 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 firm’s revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.38 EPS. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. On average, sell-side analysts forecast that Sonoco Products Company will post 5.81 earnings per share for the current fiscal year.

Sonoco Products Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be issued a $0.54 dividend. This is a boost from Sonoco Products’s previous quarterly dividend of $0.53. This represents a $2.16 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, May 8th. Sonoco Products’s payout ratio is 21.18%.

Insider Buying and Selling

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 stock was bought at an average cost of $50.37 per share, for a total transaction of $340,148.61. Following the acquisition, the insider directly owned 10,070 shares in the company, valued at $507,225.90. This represents a 203.59% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Paul Joachimczyk bought 8,058 shares of the business’s stock in a transaction on Friday, April 24th. The stock was bought at an average cost of $49.64 per share, with a total value of $399,999.12. Following the completion of the purchase, the chief financial officer directly owned 28,558 shares in the company, valued at approximately $1,417,619.12. The trade was a 39.31% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.98% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on SON. Argus raised shares of Sonoco Products to a “hold” rating in a research note on Monday, April 20th. Citigroup decreased their target price 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. UBS Group dropped their price target on shares of Sonoco Products from $62.00 to $59.00 and set a “neutral” rating on the stock in a research report on Friday, April 10th. Robert W. Baird cut their price objective on shares of Sonoco Products from $60.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Finally, Truist Financial reissued a “buy” rating and set a $65.00 target price (down from $68.00) on shares of Sonoco Products in a research note on Tuesday, April 28th. Five equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Sonoco Products presently has an average rating of “Hold” and an average target price of $60.11.

Check Out Our Latest Research Report on SON

About Sonoco Products

(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.