California State Teachers Retirement System Boosts Stock Holdings in Sonoco Products Company $SON

California State Teachers Retirement System lifted its position in Sonoco Products Company (NYSE:SON) by 25.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,753 shares of the industrial products company’s stock after purchasing an additional 22,919 shares during the period. California State Teachers Retirement System’s holdings in Sonoco Products were worth $6,153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SON. Empowered Funds LLC grew its position in Sonoco Products by 131.3% during the first quarter. Empowered Funds LLC now owns 8,018 shares of the industrial products company’s stock valued at $434,000 after buying an additional 4,552 shares during the period. Quantinno Capital Management LP grew its position in shares of Sonoco Products by 13.7% during the 1st quarter. Quantinno Capital Management LP now owns 364,594 shares of the industrial products company’s stock valued at $19,721,000 after acquiring an additional 43,908 shares during the period. Lazard Asset Management LLC grew its position in shares of Sonoco Products by 82.9% during the 1st quarter. Lazard Asset Management LLC now owns 73,033 shares of the industrial products company’s stock valued at $3,950,000 after acquiring an additional 33,109 shares during the period. Dean Capital Management purchased a new position in shares of Sonoco Products in the 1st quarter valued at about $1,349,000. Finally, Weiss Asset Management LP raised its holdings in Sonoco Products by 551.3% in the 1st quarter. Weiss Asset Management LP now owns 55,090 shares of the industrial products company’s stock worth $2,980,000 after purchasing an additional 46,632 shares during the period. Institutional investors and hedge funds own 77.69% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the company. Citigroup raised their price objective on Sonoco Products from $63.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Robert W. Baird reduced their target price on Sonoco Products from $60.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Argus upgraded Sonoco Products to a “hold” rating in a research report on Monday, April 20th. Bank of America lifted their price target on shares of Sonoco Products from $65.00 to $69.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Finally, UBS Group reduced their price objective on shares of Sonoco Products from $62.00 to $59.00 and set a “neutral” rating for the company in a research report on Friday, April 10th. Five investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $61.78.

Sonoco Products Stock Performance

NYSE SON opened at $58.48 on Thursday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.55 and a current ratio of 0.99. The stock’s fifty day moving average is $53.68 and its two-hundred day moving average is $52.65. The firm has a market capitalization of $5.78 billion, a P/E ratio of 9.30, a price-to-earnings-growth ratio of 1.24 and a beta of 0.37. Sonoco Products Company has a fifty-two week low of $38.65 and a fifty-two week high of $60.67.

Sonoco Products (NYSE:SON) last posted its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.47 by $0.04. The business had revenue of $1.89 billion for 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%.The company’s quarterly revenue was down 1.3% compared to the same quarter last year. 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, research analysts anticipate that Sonoco Products Company will post 5.8 earnings per share for the current year.

Sonoco Products Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Monday, August 10th. This represents a $2.16 dividend on an annualized basis and a yield of 3.7%. Sonoco Products’s payout ratio is 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.