Sonoco Products Company (NYSE:SON) Receives Average Recommendation of “Hold” from Analysts

Sonoco Products Company (NYSE:SON) has been given an average recommendation of “Hold” by the twelve ratings firms that are currently covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $60.1111.

Several equities analysts have commented on the stock. UBS Group lowered their target price on shares of Sonoco Products from $62.00 to $59.00 and set a “neutral” rating on the stock in a research report on Friday, April 10th. Argus raised shares of Sonoco Products to a “hold” rating in a research report on Monday, April 20th. Citigroup lowered their target price on shares of Sonoco Products from $70.00 to $63.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Bank of America reissued a “buy” rating on shares of Sonoco Products in a research report on Wednesday, April 22nd. Finally, Robert W. Baird lowered their target price on shares of Sonoco Products from $60.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd.

Insider Buying and Selling at Sonoco Products

In other Sonoco Products news, insider James A. Harrell III bought 6,753 shares of the stock in a transaction on Monday, April 27th. The shares were purchased at an average cost of $50.37 per share, with a total value of $340,148.61. Following the completion of the transaction, the insider directly owned 10,070 shares of the company’s stock, valued at $507,225.90. This represents a 203.59% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Paul Joachimczyk bought 8,058 shares of the stock in a transaction on Friday, April 24th. The shares were acquired at an average cost of $49.64 per share, for a total transaction of $399,999.12. Following the completion of the transaction, the chief financial officer directly owned 28,558 shares of the company’s stock, valued at approximately $1,417,619.12. The trade was a 39.31% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.98% of the company’s stock.

Institutional Investors Weigh In On Sonoco Products

A number of hedge funds have recently bought and sold shares of SON. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Sonoco Products by 44.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,093 shares of the industrial products company’s stock valued at $2,319,000 after acquiring an additional 15,079 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Sonoco Products by 80.8% during the first quarter. Goldman Sachs Group Inc. now owns 206,493 shares of the industrial products company’s stock valued at $9,755,000 after acquiring an additional 92,286 shares during the period. Empowered Funds LLC boosted its holdings in Sonoco Products by 14.1% during the first quarter. Empowered Funds LLC now owns 11,058 shares of the industrial products company’s stock valued at $522,000 after acquiring an additional 1,364 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Sonoco Products by 87.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 545,179 shares of the industrial products company’s stock valued at $25,754,000 after acquiring an additional 255,055 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in Sonoco Products by 315.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,587 shares of the industrial products company’s stock valued at $69,000 after acquiring an additional 1,205 shares during the period. 77.69% of the stock is currently owned by institutional investors.

Sonoco Products Trading Down 1.4%

NYSE SON opened at $48.02 on Tuesday. Sonoco Products has a 1-year low of $38.65 and a 1-year high of $58.44. The company has a current ratio of 0.96, a quick ratio of 0.54 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $4.75 billion, a PE ratio of 4.71, a price-to-earnings-growth ratio of 1.02 and a beta of 0.39. The firm’s fifty day simple moving average is $51.76 and its 200-day simple moving average is $49.04.

Sonoco Products (NYSE:SON) last posted its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.37). Sonoco Products had a return on equity of 16.50% and a net margin of 13.57%.The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period last year, the company posted $1.38 earnings per share. The company’s revenue was down 1.9% compared to the same quarter last year. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. As a group, sell-side analysts anticipate that Sonoco Products will post 5.81 earnings per share for the current fiscal year.

Sonoco Products Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, May 8th. This is a positive change from Sonoco Products’s previous quarterly dividend of $0.53. This represents a $2.16 annualized dividend and a yield of 4.5%. Sonoco Products’s dividend payout ratio (DPR) is currently 21.18%.

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.