Commerce Bank Buys New Position in Sonoco Products Company $SON

Commerce Bank bought a new stake in Sonoco Products Company (NYSE:SON) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 14,074 shares of the industrial products company’s stock, valued at approximately $793,000.

Other institutional investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. grew its position in Sonoco Products by 77.7% in 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 during the last quarter. WPG Advisers LLC raised its position in shares of Sonoco Products by 93.1% during the first quarter. WPG Advisers LLC now owns 612 shares of the industrial products company’s stock valued at $33,000 after buying an additional 295 shares during the last quarter. LRI Investments LLC acquired a new position in shares of Sonoco Products during the fourth quarter valued at about $29,000. Larson Financial Group LLC lifted its stake in shares of Sonoco Products by 1,826.9% in the third quarter. Larson Financial Group LLC now owns 1,002 shares of the industrial products company’s stock valued at $43,000 after buying an additional 950 shares during the period. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of Sonoco Products in the fourth quarter valued at about $47,000. 77.69% of the stock is owned by institutional investors.

Sonoco Products Trading Down 0.7%

SON stock opened at $57.48 on Thursday. Sonoco Products Company has a 1-year low of $38.65 and a 1-year high of $60.67. The firm has a market cap of $5.68 billion, a P/E ratio of 9.14, a P/E/G ratio of 1.22 and a beta of 0.37. The business’s 50 day moving average is $56.25 and its 200-day moving average is $53.62. The company has a current ratio of 0.99, a quick ratio of 0.55 and a debt-to-equity ratio of 0.97.

Sonoco Products (NYSE:SON) last issued 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. The business 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%.Sonoco Products’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.37 EPS. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. Equities analysts anticipate that Sonoco Products Company will post 5.8 earnings per share for the current fiscal year.

Sonoco Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 3.8%. The ex-dividend date is Monday, August 10th. Sonoco Products’s dividend payout ratio is currently 34.34%.

Analyst Upgrades and Downgrades

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

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.