UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 10,791 Shares of Sonoco Products Company $SON

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in shares of Sonoco Products Company (NYSE:SON) by 3.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 311,387 shares of the industrial products company’s stock after selling 10,791 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.31% of Sonoco Products worth $17,547,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SON. Baker Ellis Asset Management LLC boosted its position in shares of Sonoco Products by 3.9% in the 1st quarter. Baker Ellis Asset Management LLC now owns 5,307 shares of the industrial products company’s stock worth $287,000 after purchasing an additional 201 shares in the last quarter. Powell Investment Advisors LLC grew its stake in shares of Sonoco Products by 1.0% in the fourth quarter. Powell Investment Advisors LLC now owns 20,718 shares of the industrial products company’s stock worth $904,000 after acquiring an additional 203 shares during the last quarter. IFP Advisors Inc grew its stake in shares of Sonoco Products by 8.6% in the fourth quarter. IFP Advisors Inc now owns 2,996 shares of the industrial products company’s stock worth $131,000 after acquiring an additional 237 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Sonoco Products by 11.2% during the first quarter. EverSource Wealth Advisors LLC now owns 2,476 shares of the industrial products company’s stock valued at $134,000 after acquiring an additional 249 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its position in shares of 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. Hedge funds and other institutional investors own 77.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SON. Bank of America cut shares of Sonoco Products from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $69.00 to $60.00 in a research note on Thursday. Truist Financial lifted their target price on shares of Sonoco Products from $64.00 to $68.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Weiss Ratings upgraded shares of Sonoco Products from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, August 26th. Finally, Citigroup raised their price target on shares of Sonoco Products from $63.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Five research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Sonoco Products currently has an average rating of “Hold” and a consensus target price of $60.78.

Sonoco Products Trading Down 1.4%

Sonoco Products stock opened at $51.95 on Friday. Sonoco Products Company has a one year low of $38.65 and a one year high of $60.67. The business’s fifty day moving average is $56.58 and its 200 day moving average is $53.76. The stock has a market capitalization of $5.14 billion, a PE ratio of 8.26, a price-to-earnings-growth ratio of 1.23 and a beta of 0.36. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.99 and a quick ratio of 0.55.

Sonoco Products (NYSE:SON) last issued its 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 business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. Sonoco Products had a return on equity of 16.50% and a net margin of 8.41%.Sonoco Products’s revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.37 EPS. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. On average, sell-side analysts predict that Sonoco Products Company will post 5.78 EPS for the current year.

Sonoco Products Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be issued a $0.54 dividend. The ex-dividend date is Monday, August 10th. This represents a $2.16 annualized dividend and a yield of 4.2%. Sonoco Products’s dividend payout ratio (DPR) is currently 34.34%.

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.