Shares of Sonoco Products Co (NYSE:SON) have been given an average rating of “Hold” by the nine ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $53.00.

A number of research analysts have issued reports on the stock. KeyCorp reissued a “hold” rating on shares of Sonoco Products in a research note on Sunday, December 3rd. Barclays raised shares of Sonoco Products from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $49.00 to $55.00 in a research note on Friday, December 15th. Zacks Investment Research raised shares of Sonoco Products from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Robert W. Baird reissued a “buy” rating and set a $60.00 target price on shares of Sonoco Products in a research note on Friday, November 10th. Finally, Jefferies Group reissued a “hold” rating and set a $48.00 target price on shares of Sonoco Products in a research note on Thursday, September 7th.

In other news, CFO Barry L. Saunders sold 5,645 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $52.39, for a total value of $295,741.55. Following the completion of the sale, the chief financial officer now directly owns 60,455 shares of the company’s stock, valued at approximately $3,167,237.45. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Vicki B. Arthur sold 727 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $53.00, for a total transaction of $38,531.00. Following the completion of the sale, the senior vice president now directly owns 33,998 shares of the company’s stock, valued at $1,801,894. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

Large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Sonoco Products by 0.3% during the second quarter. Vanguard Group Inc. now owns 9,545,609 shares of the industrial products company’s stock valued at $490,835,000 after purchasing an additional 29,532 shares during the last quarter. State Street Corp lifted its stake in Sonoco Products by 1.2% during the second quarter. State Street Corp now owns 6,544,078 shares of the industrial products company’s stock valued at $336,491,000 after purchasing an additional 77,004 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Sonoco Products by 7.4% during the second quarter. Wells Fargo & Company MN now owns 3,662,913 shares of the industrial products company’s stock valued at $188,346,000 after purchasing an additional 251,027 shares during the last quarter. American Century Companies Inc. lifted its stake in Sonoco Products by 15.7% during the third quarter. American Century Companies Inc. now owns 2,579,422 shares of the industrial products company’s stock valued at $130,132,000 after purchasing an additional 349,455 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Sonoco Products by 1.0% during the third quarter. Bank of New York Mellon Corp now owns 1,363,962 shares of the industrial products company’s stock valued at $68,811,000 after purchasing an additional 13,158 shares during the last quarter. 72.04% of the stock is owned by institutional investors.

Shares of Sonoco Products (NYSE SON) traded down $0.16 during trading hours on Friday, hitting $53.73. 349,600 shares of the company were exchanged, compared to its average volume of 523,400. The company has a current ratio of 1.59, a quick ratio of 1.11 and a debt-to-equity ratio of 0.74. Sonoco Products has a twelve month low of $47.10 and a twelve month high of $55.77. The company has a market cap of $5,356.71, a P/E ratio of 19.75, a PEG ratio of 3.77 and a beta of 1.15.

Sonoco Products (NYSE:SON) last announced its quarterly earnings data on Thursday, October 19th. The industrial products company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Sonoco Products had a net margin of 5.63% and a return on equity of 16.40%. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the prior year, the firm earned $0.72 EPS. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. analysts expect that Sonoco Products will post 2.8 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 10th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date was Thursday, November 9th. Sonoco Products’s dividend payout ratio is currently 57.35%.

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About Sonoco Products

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.

Analyst Recommendations for Sonoco Products (NYSE:SON)

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