Insider Buying: Sonoco Products (NYSE:SON) Insider Acquires $340,148.61 in Stock

Sonoco Products Company (NYSE:SON) insider James Harrell III bought 6,753 shares of Sonoco Products stock in a transaction on Monday, April 27th. The shares were purchased at an average cost of $50.37 per share, for a total transaction of $340,148.61. Following the completion of the purchase, the insider directly owned 10,070 shares of the company’s stock, valued at $507,225.90. This trade represents a 203.59% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Sonoco Products Stock Performance

Sonoco Products stock opened at $50.10 on Friday. The firm has a 50 day simple moving average of $53.80 and a 200-day simple moving average of $47.65. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of 4.91, a price-to-earnings-growth ratio of 1.05 and a beta of 0.40. 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 Company has a 1-year low of $38.65 and a 1-year high of $58.44.

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

Sonoco Products Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 4.3%. This is a boost from Sonoco Products’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, May 8th. Sonoco Products’s payout ratio is 20.78%.

Institutional Trading of Sonoco Products

Several hedge funds have recently added to or reduced their stakes in SON. Fuller & Thaler Asset Management Inc. grew its holdings in Sonoco Products by 477.8% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 5,901,950 shares of the industrial products company’s stock worth $257,561,000 after acquiring an additional 4,880,438 shares in the last quarter. State Street Corp raised its stake in Sonoco Products by 0.3% in the second quarter. State Street Corp now owns 4,470,449 shares of the industrial products company’s stock valued at $194,733,000 after buying an additional 13,161 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Sonoco Products by 4.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,898,370 shares of the industrial products company’s stock worth $170,126,000 after buying an additional 176,949 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Sonoco Products by 6.1% during the 2nd quarter. Bank of America Corp DE now owns 2,804,621 shares of the industrial products company’s stock worth $122,169,000 after acquiring an additional 162,262 shares in the last quarter. Finally, Earnest Partners LLC increased its holdings in shares of Sonoco Products by 1.2% in the 3rd quarter. Earnest Partners LLC now owns 2,678,122 shares of the industrial products company’s stock valued at $115,400,000 after acquiring an additional 31,932 shares during the last quarter. Institutional investors and hedge funds own 77.69% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on SON shares. Robert W. Baird cut their target price on Sonoco Products from $60.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Bank of America reaffirmed a “buy” rating on shares of Sonoco Products in a research note on Wednesday, April 22nd. Wells Fargo & Company decreased their target price on Sonoco Products from $60.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Friday, March 20th. Zacks Research raised Sonoco Products from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Finally, UBS Group reduced their price target on shares of Sonoco Products from $62.00 to $59.00 and set a “neutral” rating on the stock in a research report on Friday, April 10th. Five analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sonoco Products currently has an average rating of “Hold” and a consensus price target of $60.11.

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.