EVR Research LP Has $9.60 Million Position in Sonoco Products Company $SON

EVR Research LP lifted its stake in shares of Sonoco Products Company (NYSE:SON) by 340.0% in the 4th quarter, Holdings Channel reports. The fund owned 220,000 shares of the industrial products company’s stock after acquiring an additional 170,000 shares during the quarter. Sonoco Products accounts for approximately 5.2% of EVR Research LP’s investment portfolio, making the stock its 6th biggest position. EVR Research LP’s holdings in Sonoco Products were worth $9,601,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. increased its position in shares of Sonoco Products by 77.7% during the fourth quarter. SBI Securities Co. Ltd. now owns 590 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 258 shares in the last quarter. LRI Investments LLC bought a new stake in shares of Sonoco Products during the fourth quarter worth $29,000. Ameriflex Group Inc. increased its position in shares of Sonoco Products by 1,263.6% during the third quarter. Ameriflex Group Inc. now owns 900 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 834 shares in the last quarter. Larson Financial Group LLC increased its position in shares of Sonoco Products by 1,826.9% during the third quarter. Larson Financial Group LLC now owns 1,002 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 950 shares in the last quarter. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of Sonoco Products during the fourth quarter worth $47,000. Institutional investors own 77.69% of the company’s stock.

Insider Transactions at Sonoco Products

In other news, insider James A. Harrell III acquired 6,753 shares of the firm’s stock in a transaction dated Monday, April 27th. The stock was bought at an average price of $50.37 per share, with a total value of $340,148.61. Following the transaction, the insider directly owned 10,070 shares in the company, valued at approximately $507,225.90. The trade was a 203.59% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Paul Joachimczyk acquired 8,058 shares of the firm’s stock in a transaction dated Friday, April 24th. The stock was purchased at an average cost of $49.64 per share, with a total value of $399,999.12. Following the transaction, the chief financial officer owned 28,558 shares in the company, valued at approximately $1,417,619.12. This trade represents a 39.31% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.98% of the company’s stock.

Analyst Upgrades and Downgrades

SON has been the subject of a number of analyst reports. Weiss Ratings downgraded shares of Sonoco Products from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 15th. Citigroup decreased their target price on shares of Sonoco Products from $70.00 to $63.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Bank of America reaffirmed a “buy” rating on shares of Sonoco Products in a research report on Wednesday, April 22nd. Truist Financial reaffirmed a “buy” rating and issued a $65.00 target price (down from $68.00) on shares of Sonoco Products in a research report on Tuesday, April 28th. Finally, Wall Street Zen downgraded shares of Sonoco Products from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Five analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $60.11.

Sonoco Products Stock Down 1.1%

Sonoco Products stock opened at $50.65 on Thursday. The company has a market cap of $5.01 billion, a P/E ratio of 4.97, a price-to-earnings-growth ratio of 1.07 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 fifty day simple moving average of $50.79 and a 200 day simple moving average of $49.76. The company has a current ratio of 0.96, a quick ratio of 0.54 and a debt-to-equity ratio of 0.97.

Sonoco Products (NYSE:SON) last released its 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 net margin of 13.57% and a return on equity of 16.50%. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the business posted $1.38 EPS. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. Research analysts anticipate that Sonoco Products Company will post 5.81 earnings per share for the current fiscal year.

Sonoco Products Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were given a $0.54 dividend. This is a boost from Sonoco Products’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, May 8th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.3%. Sonoco Products’s payout ratio is 21.18%.

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.