Sonoco Products Company $SON Shares Sold by Trivium Point Advisory LLC

Trivium Point Advisory LLC decreased its holdings in Sonoco Products Company (NYSE:SON) by 13.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,362 shares of the industrial products company’s stock after selling 1,273 shares during the period. Trivium Point Advisory LLC’s holdings in Sonoco Products were worth $364,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SON. Wealth Enhancement Advisory Services LLC raised its holdings in Sonoco Products by 15.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 64,380 shares of the industrial products company’s stock valued at $3,145,000 after acquiring an additional 8,432 shares during the last quarter. GAMMA Investing LLC raised its holdings in Sonoco Products by 4,145.3% in the 1st quarter. GAMMA Investing LLC now owns 134,067 shares of the industrial products company’s stock valued at $6,333,000 after acquiring an additional 130,909 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Sonoco Products by 0.3% during the 1st quarter. Rhumbline Advisers now owns 283,326 shares of the industrial products company’s stock worth $13,384,000 after buying an additional 739 shares during the last quarter. Naples Global Advisors LLC lifted its holdings in Sonoco Products by 2.7% in the first quarter. Naples Global Advisors LLC now owns 55,985 shares of the industrial products company’s stock valued at $2,645,000 after acquiring an additional 1,462 shares during the last quarter. Finally, UMB Bank n.a. grew its position in Sonoco Products by 152.7% in the first quarter. UMB Bank n.a. now owns 950 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 574 shares during the period. Institutional investors and hedge funds own 77.69% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SON shares. Raymond James Financial increased their price objective on Sonoco Products from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. Truist Financial raised their price target on shares of Sonoco Products from $53.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Citigroup decreased their price target on shares of Sonoco Products from $56.00 to $55.00 and set a “buy” rating for the company in a research report on Monday. Finally, UBS Group raised their price target on shares of Sonoco Products from $48.00 to $50.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $57.63.

Sonoco Products Price Performance

Sonoco Products stock opened at $43.03 on Thursday. The stock has a market cap of $4.24 billion, a P/E ratio of 7.71, a price-to-earnings-growth ratio of 0.58 and a beta of 0.68. The company has a fifty day simple moving average of $46.05 and a 200-day simple moving average of $45.53. Sonoco Products Company has a 12-month low of $39.46 and a 12-month high of $55.33. The company has a current ratio of 1.25, a quick ratio of 0.72 and a debt-to-equity ratio of 1.53.

Sonoco Products (NYSE:SON) last announced its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.07). Sonoco Products had a net margin of 8.35% and a return on equity of 20.46%. The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same period last year, the firm earned $1.28 earnings per share. Sonoco Products’s revenue was up 17.7% on a year-over-year basis. Sonoco Products has set its FY 2025 guidance at 6.000-6.2 EPS. Equities analysts expect that Sonoco Products Company will post 6.1 EPS for the current fiscal year.

Sonoco Products Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were given a $0.53 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $2.12 dividend on an annualized basis and a yield of 4.9%. Sonoco Products’s payout ratio is 37.99%.

Sonoco Products Company Profile

Sonoco Products Company, together with its subsidiaries, designs, develops, manufactures, and sells various engineered and sustainable packaging products in North and South America, Europe, Australia, and Asia. The company operates Consumer Packaging and Industrial Paper Packaging segments. The Consumer Packaging segment offers round and shaped rigid paper, steel, and plastic containers; metal and peelable membrane ends, closures, and components; thermoformed plastic trays and enclosures; and high-barrier flexible packaging products.