Evolve Private Wealth LLC acquired a new stake in shares of Sonoco Products Company (NYSE:SON – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,772 shares of the industrial products company’s stock, valued at approximately $832,000.
A number of other large investors have also bought and sold shares of the company. Baker Ellis Asset Management LLC lifted its position in shares of Sonoco Products by 3.9% during the 1st quarter. Baker Ellis Asset Management LLC now owns 5,307 shares of the industrial products company’s stock valued at $287,000 after buying an additional 201 shares during the last quarter. Powell Investment Advisors LLC increased its holdings in Sonoco Products by 1.0% in the 4th quarter. Powell Investment Advisors LLC now owns 20,718 shares of the industrial products company’s stock worth $904,000 after acquiring an additional 203 shares during the last quarter. IFP Advisors Inc raised its stake in Sonoco Products by 8.6% in the 4th quarter. IFP Advisors Inc now owns 2,996 shares of the industrial products company’s stock valued at $131,000 after acquiring an additional 237 shares during the period. EverSource Wealth Advisors LLC raised its stake in Sonoco Products by 11.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,476 shares of the industrial products company’s stock valued at $134,000 after acquiring an additional 249 shares during the period. Finally, SBI Securities Co. Ltd. lifted its holdings in Sonoco Products by 77.7% during the fourth quarter. SBI Securities Co. Ltd. now owns 590 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 258 shares during the last quarter. 77.69% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on SON shares. Citigroup lifted 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. Weiss Ratings upgraded shares of Sonoco Products from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Bank of America raised their price objective on shares of Sonoco Products from $65.00 to $69.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Truist Financial lifted their price objective on shares of Sonoco Products from $64.00 to $68.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Finally, Wall Street Zen downgraded Sonoco Products from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Five equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $61.78.
Sonoco Products Trading Up 0.1%
Shares of Sonoco Products stock opened at $59.51 on Monday. Sonoco Products Company has a 12-month low of $38.65 and a 12-month high of $60.67. The company has a market cap of $5.88 billion, a price-to-earnings ratio of 9.46, a PEG ratio of 1.26 and a beta of 0.37. The company has a current ratio of 0.99, a quick ratio of 0.55 and a debt-to-equity ratio of 0.97. The company’s 50-day moving average price is $55.83 and its 200-day moving average price is $53.46.
Sonoco Products (NYSE:SON – Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.04. The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. Sonoco Products had a net margin of 8.41% and a return on equity of 16.50%. Sonoco Products’s revenue was down 1.3% compared to the same quarter last year. During the same period last year, the business earned $1.37 earnings per share. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. On average, equities analysts expect that Sonoco Products Company will post 5.8 earnings per share for the current fiscal year.
Sonoco Products Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Monday, August 10th. Sonoco Products’s dividend payout ratio (DPR) is presently 34.34%.
Sonoco Products Profile
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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