Foster & Motley Inc. Acquires Shares of 8,931 Sonoco Products Company $SON

Foster & Motley Inc. bought a new position in Sonoco Products Company (NYSE:SON) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 8,931 shares of the industrial products company’s stock, valued at approximately $503,000.

Other institutional investors have also made changes to their positions in the company. Baker Ellis Asset Management LLC raised its holdings in shares of Sonoco Products by 3.9% during the first quarter. Baker Ellis Asset Management LLC now owns 5,307 shares of the industrial products company’s stock valued at $287,000 after acquiring an additional 201 shares during the period. Powell Investment Advisors LLC lifted its position in shares of Sonoco Products by 1.0% in the 4th quarter. Powell Investment Advisors LLC now owns 20,718 shares of the industrial products company’s stock valued at $904,000 after acquiring an additional 203 shares in the last quarter. IFP Advisors Inc boosted its stake in Sonoco Products by 8.6% in the 4th quarter. IFP Advisors Inc now owns 2,996 shares of the industrial products company’s stock worth $131,000 after purchasing an additional 237 shares during the period. EverSource Wealth Advisors LLC grew its position in Sonoco Products by 11.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,476 shares of the industrial products company’s stock worth $134,000 after purchasing an additional 249 shares in the last quarter. Finally, SBI Securities Co. Ltd. grew its position in Sonoco Products by 77.7% during the 4th quarter. SBI Securities Co. Ltd. now owns 590 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 258 shares in the last quarter. 77.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Truist Financial increased their target price on Sonoco Products from $64.00 to $68.00 and gave the company a “buy” rating in a report on Friday, July 24th. Robert W. Baird lowered their price target on Sonoco Products from $60.00 to $55.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Wall Street Zen lowered Sonoco Products from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Citigroup increased their price objective on Sonoco Products from $63.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Finally, Bank of America lifted their target price 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 equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Sonoco Products currently has an average rating of “Hold” and an average price target of $61.78.

Sonoco Products Stock Up 0.8%

Shares of Sonoco Products stock opened at $58.39 on Friday. The firm has a market cap of $5.77 billion, a price-to-earnings ratio of 9.28, a P/E/G ratio of 1.22 and a beta of 0.37. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.99 and a quick ratio of 0.55. Sonoco Products Company has a 52-week low of $38.65 and a 52-week high of $60.67. The stock has a 50-day simple moving average of $55.65 and a 200-day simple moving average of $53.39.

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

Sonoco Products Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Monday, August 10th. Sonoco Products’s payout ratio 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.