Sonoco Products (NYSE:SON) VP John Florence Sells 261 Shares of Stock

Sonoco Products Company (NYSE:SON) VP John Florence sold 261 shares of Sonoco Products stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $58.56, for a total value of $15,284.16. Following the completion of the transaction, the vice president directly owned 15,795 shares in the company, valued at approximately $924,955.20. This represents a 1.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Sonoco Products Stock Performance

Shares of Sonoco Products stock opened at $56.45 on Friday. The company has a market cap of $5.58 billion, a P/E ratio of 8.97, a PEG ratio of 1.20 and a beta of 0.37. The company has a current ratio of 0.99, a quick ratio of 0.55 and a debt-to-equity ratio of 0.97. The business has a 50-day moving average price of $53.20 and a two-hundred day moving average price of $52.42. Sonoco Products Company has a 1-year low of $38.65 and a 1-year high of $60.67.

Sonoco Products (NYSE:SON) last released its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.04. Sonoco Products had a net margin of 8.41% and a return on equity of 16.50%. The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the previous year, the business posted $1.37 EPS. Sonoco Products’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. As a group, analysts anticipate that Sonoco Products Company will post 5.8 EPS for the current year.

Sonoco Products Dividend Announcement

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 issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Monday, August 10th. Sonoco Products’s payout ratio is currently 34.34%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SON. Bank of America upped their target price on shares of Sonoco Products from $65.00 to $69.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. UBS Group cut their price target on shares of Sonoco Products from $62.00 to $59.00 and set a “neutral” rating on the stock in a report on Friday, April 10th. Robert W. Baird reduced their price objective on shares of Sonoco Products from $60.00 to $55.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Argus upgraded shares of Sonoco Products to a “hold” rating in a research note on Monday, April 20th. Finally, Weiss Ratings cut shares of Sonoco Products from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, July 20th. Five research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $61.78.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. LSV Asset Management lifted its holdings in Sonoco Products by 95.7% during the fourth quarter. LSV Asset Management now owns 1,563,390 shares of the industrial products company’s stock valued at $68,226,000 after purchasing an additional 764,590 shares during the last quarter. UBS Group AG increased its stake in shares of Sonoco Products by 57.8% in the fourth quarter. UBS Group AG now owns 303,784 shares of the industrial products company’s stock worth $13,257,000 after purchasing an additional 111,295 shares in the last quarter. Thompson Siegel & Walmsley LLC bought a new stake in shares of Sonoco Products in the fourth quarter valued at approximately $7,774,000. Natixis Advisors LLC raised its position in shares of Sonoco Products by 18.6% in the fourth quarter. Natixis Advisors LLC now owns 326,547 shares of the industrial products company’s stock valued at $14,251,000 after purchasing an additional 51,273 shares during the period. Finally, M&T Bank Corp lifted its stake in shares of Sonoco Products by 129.5% during the 4th quarter. M&T Bank Corp now owns 89,798 shares of the industrial products company’s stock valued at $3,919,000 after buying an additional 50,667 shares in the last quarter. Hedge funds and other institutional investors own 77.69% of the company’s stock.

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.