United Capital Financial Advisors LLC Invests $951,000 in Sonoco Products Company $SON

United Capital Financial Advisors LLC purchased a new stake in shares of Sonoco Products Company (NYSE:SON) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 16,880 shares of the industrial products company’s stock, valued at approximately $951,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SBI Securities Co. Ltd. grew its stake in shares of Sonoco Products by 77.7% during the 4th quarter. SBI Securities Co. Ltd. now owns 590 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 258 shares during the period. LRI Investments LLC purchased a new position in shares of Sonoco Products during the 4th quarter valued at $29,000. WPG Advisers LLC boosted its stake in Sonoco Products by 93.1% in 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 period. Larson Financial Group LLC boosted its holdings in shares of Sonoco Products by 1,826.9% during the 3rd quarter. Larson Financial Group LLC now owns 1,002 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 950 shares during the last quarter. Finally, Cullen Frost Bankers Inc. bought a new position in shares of Sonoco Products during the 4th quarter valued at approximately $47,000. Hedge funds and other institutional investors own 77.69% of the company’s stock.

Sonoco Products Price Performance

Sonoco Products stock opened at $56.60 on Monday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.99 and a quick ratio of 0.55. The stock has a market cap of $5.60 billion, a price-to-earnings ratio of 9.00, a price-to-earnings-growth ratio of 1.19 and a beta of 0.37. The firm has a 50-day moving average of $56.49 and a two-hundred day moving average of $53.69. Sonoco Products Company has a 1 year low of $38.65 and a 1 year high of $60.67.

Sonoco Products (NYSE:SON) last issued its earnings results on Wednesday, July 22nd. The industrial products company reported $1.51 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the prior year, the business earned $1.37 EPS. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. On average, research analysts forecast that Sonoco Products Company will post 5.8 earnings per share for the current year.

Sonoco Products Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be paid a $0.54 dividend. The ex-dividend date is Monday, August 10th. This represents a $2.16 dividend on an annualized basis and a yield of 3.8%. Sonoco Products’s dividend payout ratio (DPR) is 34.34%.

Analyst Ratings Changes

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

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.