Sonoco Products Company (NYSE:SON) Receives $60.11 Average PT from Analysts

Sonoco Products Company (NYSE:SON) has received an average recommendation of “Hold” from the twelve ratings firms that are currently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $60.1111.

A number of research firms have recently weighed in on SON. Bank of America restated a “buy” rating on shares of Sonoco Products in a report on Wednesday, April 22nd. Weiss Ratings upgraded Sonoco Products from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Truist Financial restated a “buy” rating and set a $65.00 price objective (down from $68.00) on shares of Sonoco Products in a research note on Tuesday, April 28th. Wall Street Zen downgraded shares of Sonoco Products from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Argus upgraded shares of Sonoco Products to a “hold” rating in a research note on Monday, April 20th.

Sonoco Products Trading Up 0.1%

SON opened at $57.45 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.96 and a quick ratio of 0.54. Sonoco Products has a fifty-two week low of $38.65 and a fifty-two week high of $58.44. The firm has a market capitalization of $5.68 billion, a PE ratio of 5.63, a P/E/G ratio of 1.20 and a beta of 0.37. The company’s 50-day moving average is $50.54 and its 200 day moving average is $50.75.

Sonoco Products (NYSE:SON) last announced its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.37). The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.88 billion. Sonoco Products had a net margin of 13.57% and a return on equity of 16.50%. Sonoco Products’s revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.38 EPS. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. As a group, research analysts predict that Sonoco Products will post 5.81 earnings per share for the current fiscal year.

Sonoco Products Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Friday, May 8th. This is an increase from Sonoco Products’s previous quarterly dividend of $0.53. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.8%. Sonoco Products’s payout ratio is 21.18%.

Insider Activity

In other news, CFO Paul Joachimczyk acquired 8,058 shares of Sonoco Products stock in a transaction on Friday, April 24th. The stock was acquired at an average cost of $49.64 per share, with a total value of $399,999.12. Following the transaction, the chief financial officer owned 28,558 shares of the company’s stock, valued at approximately $1,417,619.12. This trade represents a 39.31% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James A. Harrell III acquired 6,753 shares of the firm’s stock in a transaction on Monday, April 27th. The stock was purchased at an average price of $50.37 per share, with a total value of $340,148.61. Following the purchase, the insider owned 10,070 shares in the company, valued at approximately $507,225.90. The trade was a 203.59% increase in their position. The SEC filing for this purchase provides additional information. 0.98% of the stock is currently owned by insiders.

Institutional Trading of Sonoco Products

A number of hedge funds have recently bought and sold shares of the business. SBI Securities Co. Ltd. lifted its position in shares of Sonoco Products by 77.7% during the 4th quarter. SBI Securities Co. Ltd. now owns 590 shares of the industrial products company’s stock valued at $26,000 after buying an additional 258 shares during the last quarter. WPG Advisers LLC increased its holdings in Sonoco Products by 93.1% in the 1st quarter. WPG Advisers LLC now owns 612 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 295 shares during the last quarter. LRI Investments LLC purchased a new stake in Sonoco Products in the 4th quarter worth about $29,000. Ameriflex Group Inc. raised its stake in Sonoco Products by 1,263.6% in the 3rd quarter. Ameriflex Group Inc. now owns 900 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 834 shares during the period. Finally, Larson Financial Group LLC lifted 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 valued at $43,000 after purchasing an additional 950 shares during the last quarter. 77.69% of the stock is currently owned by institutional investors.

Sonoco Products Company 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.