68,642 Shares in Sonoco Products Company $SON Bought by Freestone Grove Partners LP

Freestone Grove Partners LP purchased a new position in shares of Sonoco Products Company (NYSE:SON) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 68,642 shares of the industrial products company’s stock, valued at approximately $3,868,000. Freestone Grove Partners LP owned approximately 0.07% of Sonoco Products at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in SON. SBI Securities Co. Ltd. grew its position in shares of Sonoco Products by 77.7% in the 4th quarter. SBI Securities Co. Ltd. now owns 590 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 258 shares during the period. WPG Advisers LLC lifted its stake in Sonoco Products by 93.1% in the 1st quarter. WPG Advisers LLC now owns 612 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 295 shares during the last quarter. LRI Investments LLC acquired a new stake in Sonoco Products in the 4th quarter valued at about $29,000. Larson Financial Group LLC grew its holdings in Sonoco Products by 1,826.9% during the third quarter. Larson Financial Group LLC now owns 1,002 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 950 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new position in Sonoco Products during the fourth quarter worth approximately $47,000. Institutional investors and hedge funds own 77.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Citigroup upped their price objective on Sonoco Products from $63.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Bank of America boosted their target price on Sonoco Products from $65.00 to $69.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Wall Street Zen cut Sonoco Products from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings raised Sonoco Products from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Finally, Truist Financial upped their price objective on shares of Sonoco Products from $64.00 to $68.00 and gave the company a “buy” rating in a report on Friday, July 24th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Sonoco Products presently has an average rating of “Moderate Buy” and an average price target of $61.78.

Sonoco Products Trading Down 0.2%

Shares of NYSE:SON opened at $56.60 on Friday. Sonoco Products Company has a 12-month low of $38.65 and a 12-month high of $60.67. The business has a 50 day moving average of $56.49 and a 200-day moving average of $53.67. 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 $5.60 billion, a PE ratio of 9.00, a P/E/G ratio of 1.20 and a beta of 0.37.

Sonoco Products (NYSE:SON) last announced its earnings results on Wednesday, July 22nd. The industrial products company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.04. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. Sonoco Products had a return on equity of 16.50% and a net margin of 8.41%.The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.37 earnings per share. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. As a group, equities research analysts forecast that Sonoco Products Company will post 5.8 earnings per share for the current year.

Sonoco Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be given a dividend of $0.54 per share. The ex-dividend date is Monday, August 10th. This represents a $2.16 annualized dividend and a yield of 3.8%. Sonoco Products’s dividend payout ratio (DPR) is presently 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.