Jupiter Topco LLC Invests $2.44 Million in Sonoco Products Company $SON

Jupiter Topco LLC acquired a new position in Sonoco Products Company (NYSE:SON) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 43,287 shares of the industrial products company’s stock, valued at approximately $2,440,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. grew its position in shares of Sonoco Products by 77.7% in the fourth quarter. SBI Securities Co. Ltd. now owns 590 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 258 shares during the last quarter. LRI Investments LLC acquired a new position in shares of Sonoco Products during the 4th quarter worth approximately $29,000. WPG Advisers LLC raised 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 during the last quarter. Larson Financial Group LLC lifted its stake in Sonoco Products by 1,826.9% in the 3rd 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 in the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new stake in Sonoco Products in the 4th quarter valued at approximately $47,000. Institutional investors and hedge funds own 77.69% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on SON shares. Truist Financial raised their price target on Sonoco Products from $64.00 to $68.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Weiss Ratings upgraded Sonoco Products from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, August 26th. Bank of America increased their price objective on Sonoco Products from $65.00 to $69.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Finally, Citigroup upped their target price on shares of Sonoco Products from $63.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $61.78.

Sonoco Products Price Performance

Shares of NYSE:SON opened at $54.69 on Thursday. The company has a market cap of $5.41 billion, a P/E ratio of 8.69, a P/E/G ratio of 1.25 and a beta of 0.36. The business has a fifty day simple moving average of $56.67 and a 200-day simple moving average of $53.76. Sonoco Products Company has a 52 week low of $38.65 and a 52 week high of $60.67. The company has a quick ratio of 0.55, a current ratio of 0.99 and a debt-to-equity ratio of 0.97.

Sonoco Products (NYSE:SON) last released its earnings results on Wednesday, July 22nd. The industrial products company reported $1.51 earnings per share for the quarter, topping 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 firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the prior year, the business posted $1.37 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts forecast that Sonoco Products Company will post 5.8 EPS for the current year.

Sonoco Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders 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 3.9%. The ex-dividend date is Monday, August 10th. Sonoco Products’s dividend payout ratio is presently 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.