Benjamin Edwards Inc. Buys Shares of 18,600 Sonoco Products Company $SON

Benjamin Edwards Inc. bought a new stake in Sonoco Products Company (NYSE:SON) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,600 shares of the industrial products company’s stock, valued at approximately $1,048,000.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new stake in Sonoco Products during the 2nd quarter worth about $657,016,000. LSV Asset Management lifted its position in shares of Sonoco Products by 95.7% in the fourth quarter. LSV Asset Management now owns 1,563,390 shares of the industrial products company’s stock worth $68,226,000 after purchasing an additional 764,590 shares in the last quarter. UBS Group AG boosted its holdings 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 purchasing an additional 111,295 shares during the period. Thompson Siegel & Walmsley LLC purchased a new position in Sonoco Products during the fourth quarter valued at approximately $7,774,000. Finally, Natixis Advisors LLC grew its position in Sonoco Products by 18.6% during the fourth quarter. Natixis Advisors LLC now owns 326,547 shares of the industrial products company’s stock valued at $14,251,000 after purchasing an additional 51,273 shares in the last quarter. Hedge funds and other institutional investors own 77.69% of the company’s stock.

Sonoco Products Stock Down 1.8%

SON stock opened at $54.14 on Wednesday. The firm has a market cap of $5.35 billion, a PE ratio of 8.61, a PEG ratio of 1.17 and a beta of 0.36. Sonoco Products Company has a 1 year low of $38.65 and a 1 year high of $60.67. The company has a fifty day simple moving average of $56.65 and a 200 day simple moving average of $53.74. The company has a current ratio of 0.99, a quick ratio of 0.55 and a debt-to-equity ratio of 0.97.

Sonoco Products (NYSE:SON) last posted its earnings results on Wednesday, July 22nd. The industrial products company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.47 by $0.04. The firm 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 business’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.37 earnings per share. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. Sell-side analysts anticipate that Sonoco Products Company will post 5.8 EPS for the current fiscal year.

Sonoco Products Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 4.0%. The ex-dividend date is Monday, August 10th. Sonoco Products’s payout ratio is 34.34%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Bank of America increased their target price on shares of Sonoco Products from $65.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Citigroup increased their price objective on Sonoco Products from $63.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Truist Financial lifted their price objective on Sonoco Products from $64.00 to $68.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Finally, Weiss Ratings upgraded Sonoco Products from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, August 26th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $61.78.

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.