Sonoco Products Company (NYSE:SON) CFO Barry L. Saunders sold 5,645 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $52.39, for a total transaction of $295,741.55. Following the transaction, the chief financial officer now owns 60,455 shares of the company’s stock, valued at approximately $3,167,237.45. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Sonoco Products Company (NYSE:SON) traded down 1.13% during mid-day trading on Friday, hitting $51.67. 216,427 shares of the stock traded hands. Sonoco Products Company has a 1-year low of $47.10 and a 1-year high of $55.58. The firm has a market capitalization of $5.14 billion, a P/E ratio of 19.62 and a beta of 1.13. The company has a 50-day moving average of $50.28 and a 200 day moving average of $50.47.

Sonoco Products (NYSE:SON) last announced its earnings results on Thursday, October 19th. The industrial products company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.27 billion. Sonoco Products had a return on equity of 16.40% and a net margin of 5.63%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.72 earnings per share. On average, equities research analysts anticipate that Sonoco Products Company will post $2.78 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 10th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.99%. Sonoco Products’s dividend payout ratio is presently 57.35%.

TRADEMARK VIOLATION WARNING: This piece of content was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark law. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/10/27/sonoco-products-company-son-cfo-sells-295741-55-in-stock.html.

Several research firms have issued reports on SON. Bank of America Corporation upgraded shares of Sonoco Products from an “underperform” rating to a “buy” rating and set a $56.00 price target for the company in a report on Wednesday, September 6th. Robert W. Baird upgraded shares of Sonoco Products from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $55.00 to $60.00 in a report on Wednesday, July 19th. Vertical Research upgraded shares of Sonoco Products from a “sell” rating to a “hold” rating and set a $45.00 price target for the company in a report on Wednesday, August 2nd. Jefferies Group LLC restated a “hold” rating and set a $48.00 price target on shares of Sonoco Products in a report on Thursday, August 3rd. Finally, Zacks Investment Research lowered shares of Sonoco Products from a “hold” rating to a “sell” rating in a report on Tuesday, September 19th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $52.00.

Several institutional investors have recently made changes to their positions in SON. UBS Asset Management Americas Inc. raised its holdings in shares of Sonoco Products by 19.5% during the first quarter. UBS Asset Management Americas Inc. now owns 70,855 shares of the industrial products company’s stock valued at $3,750,000 after acquiring an additional 11,574 shares in the last quarter. Neuberger Berman Group LLC raised its holdings in shares of Sonoco Products by 33.3% during the first quarter. Neuberger Berman Group LLC now owns 7,965 shares of the industrial products company’s stock valued at $422,000 after acquiring an additional 1,990 shares in the last quarter. United Services Automobile Association raised its holdings in shares of Sonoco Products by 109.6% during the first quarter. United Services Automobile Association now owns 18,360 shares of the industrial products company’s stock valued at $972,000 after acquiring an additional 9,600 shares in the last quarter. Teachers Advisors LLC raised its holdings in shares of Sonoco Products by 9.4% during the first quarter. Teachers Advisors LLC now owns 116,032 shares of the industrial products company’s stock valued at $6,140,000 after acquiring an additional 9,924 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in shares of Sonoco Products by 8.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,190 shares of the industrial products company’s stock valued at $222,000 after acquiring an additional 342 shares in the last quarter. Institutional investors own 71.74% of the company’s stock.

Sonoco Products Company Profile

Sonoco Products Company is engaged in manufacturing of industrial and consumer packaging products, and providing packaging services. The Company operates in four segments: Consumer Packaging, Paper and Industrial Converted Products, Display and Packaging, and Protective Solutions. Its Consumer Packaging segment’s products and services include round composite cans, aluminum, steel and peelable membrane easy-open closures for composite and metal cans; plastic bottles, cups and trays, and printed flexible packaging and global brand management.

Insider Buying and Selling by Quarter for Sonoco Products (NYSE:SON)

Receive News & Ratings for Sonoco Products Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sonoco Products Company and related companies with MarketBeat.com's FREE daily email newsletter.