Sonoco Products Company (NYSE:SON) Given Consensus Recommendation of “Hold” by Analysts

Sonoco Products Company (NYSE:SON) has been assigned an average rating of “Hold” from the ten research firms that are covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $62.6250.

A number of equities research analysts have weighed in on SON shares. Wall Street Zen upgraded shares of Sonoco Products from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Raymond James Financial set a $60.00 price target on Sonoco Products in a research report on Monday, January 5th. Robert W. Baird raised their price objective on Sonoco Products from $48.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday. Bank of America upgraded Sonoco Products from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $56.00 to $60.00 in a research note on Monday, January 5th. Finally, Zacks Research raised Sonoco Products from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SON. Fuller & Thaler Asset Management Inc. lifted its position in Sonoco Products by 477.8% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 5,901,950 shares of the industrial products company’s stock valued at $257,561,000 after acquiring an additional 4,880,438 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Sonoco Products by 357.8% in the third quarter. AQR Capital Management LLC now owns 2,117,022 shares of the industrial products company’s stock worth $90,693,000 after purchasing an additional 1,654,576 shares during the last quarter. Norges Bank purchased a new position in shares of Sonoco Products in the fourth quarter worth $54,611,000. Squarepoint Ops LLC boosted its position in shares of Sonoco Products by 2,813.2% during the fourth quarter. Squarepoint Ops LLC now owns 876,895 shares of the industrial products company’s stock valued at $38,268,000 after buying an additional 846,794 shares during the last quarter. Finally, LSV Asset Management boosted its position in shares of Sonoco Products by 95.7% during the fourth quarter. LSV Asset Management now owns 1,563,390 shares of the industrial products company’s stock valued at $68,226,000 after buying an additional 764,590 shares during the last quarter. 77.69% of the stock is owned by hedge funds and other institutional investors.

Sonoco Products Trading Up 0.7%

NYSE SON opened at $56.48 on Friday. The firm has a market capitalization of $5.57 billion, a PE ratio of 5.61, a P/E/G ratio of 1.13 and a beta of 0.54. The stock’s 50 day moving average is $47.88 and its 200 day moving average is $44.81. Sonoco Products has a twelve month low of $38.65 and a twelve month high of $58.44. The company has a quick ratio of 0.58, a current ratio of 1.05 and a debt-to-equity ratio of 1.04.

Sonoco Products (NYSE:SON) last announced its earnings results on Monday, February 16th. The industrial products company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.76 billion. Sonoco Products had a net margin of 13.34% and a return on equity of 18.52%. The company’s quarterly revenue was up 29.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.17 EPS. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. Research analysts forecast that Sonoco Products will post 6.1 earnings per share for the current fiscal year.

Sonoco Products Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Wednesday, February 25th will be paid a $0.53 dividend. The ex-dividend date is Wednesday, February 25th. This represents a $2.12 dividend on an annualized basis and a yield of 3.8%. Sonoco Products’s payout ratio is presently 21.05%.

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.