Brown Advisory Inc. Purchases 15,122 Shares of Sonoco Products Company $SON

Brown Advisory Inc. lifted its position in shares of Sonoco Products Company (NYSE:SON) by 1.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,017,872 shares of the industrial products company’s stock after buying an additional 15,122 shares during the quarter. Brown Advisory Inc.’s holdings in Sonoco Products were worth $44,420,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SON. Fuller & Thaler Asset Management Inc. increased its position in shares of Sonoco Products by 477.8% during the fourth 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 increased its position in shares of Sonoco Products by 357.8% during the third quarter. AQR Capital Management LLC now owns 2,117,022 shares of the industrial products company’s stock valued at $90,693,000 after acquiring an additional 1,654,576 shares in the last quarter. Norges Bank bought a new stake in shares of Sonoco Products during the fourth quarter valued at approximately $54,611,000. LSV Asset Management increased 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 acquiring an additional 764,590 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Sonoco Products by 10,238.5% during the fourth quarter. SG Americas Securities LLC now owns 728,138 shares of the industrial products company’s stock valued at $31,776,000 after acquiring an additional 721,095 shares in the last quarter. Institutional investors own 77.69% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SON shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Sonoco Products in a research report on Wednesday, April 1st. They set a “buy” rating and a $63.00 price target for the company. UBS Group cut their target price on shares of Sonoco Products from $62.00 to $59.00 and set a “neutral” rating for the company in a research report on Friday, April 10th. Wall Street Zen downgraded shares of Sonoco Products from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Robert W. Baird cut their target price on shares of Sonoco Products from $60.00 to $55.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Finally, Argus raised shares of Sonoco Products to a “hold” rating in a research report on Monday, April 20th. Five equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Sonoco Products currently has an average rating of “Hold” and an average target price of $60.11.

Insider Buying and Selling at Sonoco Products

In other Sonoco Products news, insider James A. Harrell III purchased 6,753 shares of the company’s stock in a transaction dated Monday, April 27th. The shares were acquired at an average price of $50.37 per share, for a total transaction of $340,148.61. Following the purchase, the insider directly owned 10,070 shares of the company’s stock, valued at $507,225.90. The trade was a 203.59% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Paul Joachimczyk purchased 8,058 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were acquired at an average price of $49.64 per share, for a total transaction of $399,999.12. Following the purchase, the chief financial officer directly owned 28,558 shares in the company, 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. Company insiders own 0.98% of the company’s stock.

Sonoco Products Trading Down 0.6%

Shares of Sonoco Products stock opened at $50.26 on Tuesday. The company’s fifty day simple moving average is $50.93 and its 200-day simple moving average is $49.64. The stock has a market capitalization of $4.97 billion, a PE ratio of 4.93, a P/E/G ratio of 1.06 and a beta of 0.39. Sonoco Products Company has a 1-year low of $38.65 and a 1-year high of $58.44. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.96 and a quick ratio of 0.54.

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

Sonoco Products Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were paid a dividend of $0.54 per share. The ex-dividend date was Friday, May 8th. This represents a $2.16 annualized dividend and a dividend yield of 4.3%. This is a boost from Sonoco Products’s previous quarterly dividend of $0.53. Sonoco Products’s dividend payout ratio is 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.