Sonoco Products Company VP Vicki B. Arthur Sells 1,811 Shares (SON)
Sonoco Products Company (NYSE:SON) VP Vicki B. Arthur sold 1,811 shares of Sonoco Products Company stock on the open market in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $40.66, for a total transaction of $73,635.26. Following the transaction, the vice president now directly owns 22,221 shares in the company, valued at approximately $903,506. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Vertical Research upgraded shares of Sonoco Products Company to a “buy” rating in a research note on Monday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Sonoco Products Company in a research note on Wednesday, August 13th. They now have a $42.00 price target on the stock. Finally, analysts at Macquarie reiterated a “neutral” rating on shares of Sonoco Products Company in a research note on Friday, July 18th. They now have a $44.00 price target on the stock, down previously from $45.00. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $42.44.
Sonoco Products Company (NYSE:SON) traded down 0.22% on Thursday, hitting $40.86. 187,217 shares of the company’s stock traded hands. Sonoco Products Company has a 1-year low of $36.59 and a 1-year high of $44.65. The stock’s 50-day moving average is $40.68 and its 200-day moving average is $41.64. The company has a market cap of $4.157 billion and a price-to-earnings ratio of 18.45.
Sonoco Products Company (NYSE:SON) last posted its earnings data on Thursday, July 17th. The company reported $0.63 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.66 by $0.03. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the company posted $0.59 earnings per share. Sonoco Products Company’s revenue was up 1.7% compared to the same quarter last year. On average, analysts predict that Sonoco Products Company will post $2.48 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.13%. The ex-dividend date is Wednesday, August 13th.
Sonoco Products Company (NYSE:SON) is a manufacturer of industrial and consumer packaging products and a provider of packaging services, with 347 locations in 34 countries.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.