Landscape Capital Management L.L.C. Buys Shares of 17,119 Sonoco Products Company $SON

Landscape Capital Management L.L.C. purchased a new stake in shares of Sonoco Products Company (NYSE:SON) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 17,119 shares of the industrial products company’s stock, valued at approximately $965,000.

A number of other hedge funds have also modified their holdings of the stock. EP Wealth Advisors LLC purchased a new stake in shares of Sonoco Products during the second quarter worth $203,000. Ieq Capital LLC purchased a new position in Sonoco Products in the second quarter valued at about $1,950,000. Heartland Advisors Inc. acquired a new position in Sonoco Products in the 2nd quarter worth about $8,452,000. Allworth Financial LP acquired a new position in Sonoco Products in the 2nd quarter worth about $111,000. Finally, Tocqueville Asset Management L.P. purchased a new stake in shares of Sonoco Products during the 2nd quarter worth about $2,000,000. 77.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SON has been the subject of several research reports. Wall Street Zen lowered Sonoco Products from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Bank of America raised their price objective on shares of Sonoco Products from $65.00 to $69.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Citigroup lifted their target price on shares of Sonoco Products from $63.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Weiss Ratings raised shares of Sonoco Products from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 3rd. Finally, Truist Financial increased their price target on shares of Sonoco Products from $64.00 to $68.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Five analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $61.78.

Sonoco Products Stock Up 0.1%

Shares of SON stock opened at $59.51 on Monday. The stock’s 50 day simple moving average is $55.83 and its 200 day simple moving average is $53.46. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.55 and a current ratio of 0.99. Sonoco Products Company has a twelve month low of $38.65 and a twelve month high of $60.67. The company has a market capitalization of $5.88 billion, a price-to-earnings ratio of 9.46, a PEG ratio of 1.26 and a beta of 0.37.

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

Sonoco Products Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, August 10th. Sonoco Products’s dividend payout ratio is currently 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.