Sonoco Products Company $SON Shares Acquired by Sei Investments Co.

Sei Investments Co. lifted its holdings in Sonoco Products Company (NYSE:SON) by 4.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,497,108 shares of the industrial products company’s stock after buying an additional 66,483 shares during the quarter. Sei Investments Co.’s holdings in Sonoco Products were worth $80,979,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SON. SBI Securities Co. Ltd. raised its position in Sonoco Products by 77.7% in the fourth quarter. SBI Securities Co. Ltd. now owns 590 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 258 shares in the last quarter. WPG Advisers LLC boosted its position in shares of Sonoco Products by 93.1% during the 1st quarter. WPG Advisers LLC now owns 612 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 295 shares in the last quarter. LRI Investments LLC purchased a new stake in shares of Sonoco Products during the 4th quarter worth $29,000. Larson Financial Group LLC grew its stake in shares of Sonoco Products by 1,826.9% during the 3rd 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 shares of Sonoco Products during the 4th quarter worth $47,000. Institutional investors and hedge funds own 77.69% of the company’s stock.

Insider Activity

In other news, insider James A. Harrell III acquired 6,753 shares of Sonoco Products stock in a transaction that occurred on Monday, April 27th. The shares were acquired at an average price of $50.37 per share, with a total value of $340,148.61. Following the completion of the purchase, the insider owned 10,070 shares of the company’s stock, valued at approximately $507,225.90. This represents a 203.59% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.98% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Sonoco Products in a research note on Wednesday, April 1st. They issued a “buy” rating and a $63.00 price objective for the company. Truist Financial increased their target price on shares of Sonoco Products from $64.00 to $68.00 and gave the company a “buy” rating in a report on Friday. Argus upgraded shares of Sonoco Products to a “hold” rating in a research report on Monday, April 20th. Citigroup boosted their price target 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, 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. Five investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $61.78.

Sonoco Products Trading Up 3.5%

Shares of SON opened at $58.27 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.99 and a quick ratio of 0.54. The firm has a 50 day simple moving average of $52.16 and a 200-day simple moving average of $52.01. Sonoco Products Company has a 1-year low of $38.65 and a 1-year high of $58.62. The stock has a market cap of $5.76 billion, a price-to-earnings ratio of 9.26, a price-to-earnings-growth ratio of 1.22 and a beta of 0.37.

Sonoco Products (NYSE:SON) last released its quarterly 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 during the quarter, compared to analysts’ expectations of $1.88 billion. Sonoco Products had a return on equity of 16.50% and a net margin of 8.41%.The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.37 earnings per share. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. Equities analysts forecast that Sonoco Products Company will post 5.82 EPS for the current fiscal year.

Sonoco Products Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Monday, August 10th. Sonoco Products’s dividend payout ratio is 34.34%.

Sonoco Products 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.