Ieq Capital LLC Invests $1.95 Million in Sonoco Products Company $SON

Ieq Capital LLC acquired a new stake in Sonoco Products Company (NYSE:SON) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 34,598 shares of the industrial products company’s stock, valued at approximately $1,950,000.

A number of other large investors also recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in shares of Sonoco Products during the 2nd quarter worth approximately $657,016,000. LSV Asset Management boosted its position in shares of Sonoco Products by 95.7% during the fourth 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 during the period. UBS Group AG boosted its position 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 worth $13,257,000 after buying an additional 111,295 shares during the period. Thompson Siegel & Walmsley LLC acquired a new stake in shares of Sonoco Products in the fourth quarter valued at $7,774,000. Finally, Natixis Advisors LLC raised its holdings in shares of Sonoco Products by 18.6% in the 4th quarter. Natixis Advisors LLC now owns 326,547 shares of the industrial products company’s stock valued at $14,251,000 after buying an additional 51,273 shares during the period. Institutional investors and hedge funds own 77.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SON. Truist Financial lifted their target price on Sonoco Products from $64.00 to $68.00 and gave the company a “buy” rating in a research report on Friday, July 24th. 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 report on Thursday, July 9th. Wall Street Zen cut shares of Sonoco Products from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. 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. Finally, Bank of America increased their price objective on Sonoco Products from $65.00 to $69.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Five investment 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 currently has a consensus rating of “Hold” and an average price target of $61.78.

Sonoco Products Stock Up 0.6%

Shares of NYSE:SON opened at $57.84 on Wednesday. Sonoco Products Company has a fifty-two week low of $38.65 and a fifty-two week high of $60.67. The firm’s 50 day moving average price is $56.11 and its 200 day moving average price is $53.57. The company has a quick ratio of 0.55, a current ratio of 0.99 and a debt-to-equity ratio of 0.97. The stock has a market cap of $5.72 billion, a price-to-earnings ratio of 9.20, a price-to-earnings-growth ratio of 1.21 and a beta of 0.37.

Sonoco Products (NYSE:SON) last announced 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 for the quarter, compared to the consensus estimate of $1.88 billion. Sonoco Products had a net margin of 8.41% and a return on equity of 16.50%. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.37 EPS. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. As a group, equities research analysts predict that Sonoco Products Company will post 5.8 earnings per share for the current fiscal year.

Sonoco Products Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be paid a $0.54 dividend. The ex-dividend date is Monday, August 10th. This represents a $2.16 dividend on an annualized basis and a yield of 3.7%. Sonoco Products’s dividend payout ratio (DPR) is currently 34.34%.

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.