Heartland Advisors Inc. Makes New $4.31 Million Investment in Sonoco Products Company $SON

Heartland Advisors Inc. purchased a new stake in shares of Sonoco Products Company (NYSE:SON) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 100,000 shares of the industrial products company’s stock, valued at approximately $4,309,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp lifted its holdings in shares of Sonoco Products by 0.3% in the second quarter. State Street Corp now owns 4,470,449 shares of the industrial products company’s stock valued at $194,733,000 after buying an additional 13,161 shares during the period. Bank of America Corp DE lifted its holdings in Sonoco Products by 6.1% in the 2nd 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 acquiring an additional 162,262 shares during the last quarter. Sei Investments Co. lifted its holdings in Sonoco Products by 1.3% in the 2nd quarter. Sei Investments Co. now owns 1,398,881 shares of the industrial products company’s stock valued at $60,935,000 after acquiring an additional 18,308 shares during the last quarter. Norges Bank bought a new position in shares of Sonoco Products during the 2nd quarter valued at about $53,618,000. Finally, Private Management Group Inc. grew its stake in shares of Sonoco Products by 4.2% in the 2nd quarter. Private Management Group Inc. now owns 866,305 shares of the industrial products company’s stock worth $37,736,000 after purchasing an additional 34,777 shares during the last quarter. Institutional investors own 77.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Wells Fargo & Company reissued an “equal weight” rating and set a $47.00 target price (down from $52.00) on shares of Sonoco Products in a research note on Tuesday, January 6th. Jefferies Financial Group dropped their price target on Sonoco Products from $61.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, October 24th. Zacks Research raised Sonoco Products from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Sonoco Products in a report on Wednesday, January 21st. Finally, Raymond James Financial set a $60.00 target price on Sonoco Products in a report on Monday, January 5th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $54.86.

Sonoco Products Price Performance

SON opened at $56.70 on Wednesday. The firm has a market capitalization of $5.59 billion, a P/E ratio of 9.00, a PEG ratio of 0.80 and a beta of 0.54. The stock has a fifty day moving average of $47.01 and a 200-day moving average of $44.56. The company has a quick ratio of 0.58, a current ratio of 0.92 and a debt-to-equity ratio of 1.14. Sonoco Products Company has a 12-month low of $38.65 and a 12-month high of $57.83.

Sonoco Products (NYSE:SON) last issued its quarterly earnings results on Monday, February 16th. The industrial products company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.76 billion. Sonoco Products had a return on equity of 20.49% and a net margin of 8.82%.Sonoco Products’s revenue for the quarter was up 29.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.17 earnings per share. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. Equities analysts forecast that Sonoco Products Company will post 6.1 EPS for the current fiscal year.

Sonoco Products Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 25th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Wednesday, February 25th. Sonoco Products’s dividend payout ratio is 33.65%.

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.