17,389 Shares in Sonoco Products Company $SON Acquired by Hilton Head Capital Partners LLC

Hilton Head Capital Partners LLC acquired a new position in shares of Sonoco Products Company (NYSE:SON) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 17,389 shares of the industrial products company’s stock, valued at approximately $759,000.

A number of other institutional investors have also recently added to or reduced their stakes in SON. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Sonoco Products by 44.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,093 shares of the industrial products company’s stock worth $2,319,000 after buying an additional 15,079 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Sonoco Products by 80.8% during the first quarter. Goldman Sachs Group Inc. now owns 206,493 shares of the industrial products company’s stock worth $9,755,000 after buying an additional 92,286 shares in the last quarter. Empowered Funds LLC lifted its position in Sonoco Products by 14.1% during the first quarter. Empowered Funds LLC now owns 11,058 shares of the industrial products company’s stock worth $522,000 after buying an additional 1,364 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Sonoco Products by 87.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 545,179 shares of the industrial products company’s stock worth $25,754,000 after buying an additional 255,055 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Sonoco Products by 315.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,587 shares of the industrial products company’s stock worth $69,000 after buying an additional 1,205 shares in the last quarter. Hedge funds and other institutional investors own 77.69% of the company’s stock.

Sonoco Products Price Performance

SON stock opened at $47.45 on Monday. The business has a fifty day moving average of $51.46 and a two-hundred day moving average of $49.25. The company has a quick ratio of 0.54, a current ratio of 0.96 and a debt-to-equity ratio of 0.97. The stock has a market cap of $4.69 billion, a price-to-earnings ratio of 4.65, a price-to-earnings-growth ratio of 1.00 and a beta of 0.39. Sonoco Products Company has a 52-week low of $38.65 and a 52-week high of $58.44.

Sonoco Products (NYSE:SON) last issued its quarterly earnings data on Tuesday, April 21st. The industrial products company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.37). Sonoco Products had a net margin of 13.57% and a return on equity of 16.50%. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the previous year, the firm posted $1.38 earnings per share. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. As a group, research analysts anticipate that Sonoco Products Company will post 5.81 earnings per share for the current year.

Sonoco Products Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Friday, May 8th. This is a boost from Sonoco Products’s previous quarterly dividend of $0.53. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.6%. Sonoco Products’s payout ratio is presently 21.18%.

Insiders Place Their Bets

In other news, insider James A. Harrell III acquired 6,753 shares of the company’s stock in a transaction dated Monday, April 27th. The stock was acquired at an average cost 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 $507,225.90. This represents a 203.59% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Paul Joachimczyk acquired 8,058 shares of the company’s stock in a transaction dated Friday, April 24th. The stock was purchased at an average cost of $49.64 per share, with a total value of $399,999.12. Following the completion of the purchase, the chief financial officer directly owned 28,558 shares of the company’s stock, valued at approximately $1,417,619.12. This represents a 39.31% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SON shares. Truist Financial reissued a “buy” rating and set a $65.00 target price (down from $68.00) on shares of Sonoco Products in a research note on Tuesday, April 28th. Citigroup cut their target price on Sonoco Products from $70.00 to $63.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Raymond James Financial reissued a “market perform” rating on shares of Sonoco Products in a research note on Friday, March 6th. UBS Group cut their target price on Sonoco Products from $62.00 to $59.00 and set a “neutral” rating for the company in a research note on Friday, April 10th. Finally, Argus raised Sonoco Products to a “hold” rating in a research note on Monday, April 20th. Five investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Sonoco Products presently has a consensus rating of “Hold” and a consensus target price of $60.11.

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.