Quantinno Capital Management LP Has $19.72 Million Holdings in Sonoco Products Company $SON

Quantinno Capital Management LP raised its position in shares of Sonoco Products Company (NYSE:SON) by 13.7% in the first quarter, Holdings Channel.com reports. The institutional investor owned 364,594 shares of the industrial products company’s stock after buying an additional 43,908 shares during the period. Quantinno Capital Management LP’s holdings in Sonoco Products were worth $19,721,000 at the end of the most recent quarter.

Several other hedge funds and other institutional 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% in 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 purchased a new stake in shares of Sonoco Products in the 4th quarter valued at approximately $29,000. WPG Advisers LLC boosted its stake in Sonoco Products by 93.1% in the 1st quarter. WPG Advisers LLC now owns 612 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 295 shares during the period. Larson Financial Group LLC boosted its stake in Sonoco Products by 1,826.9% in the 3rd quarter. Larson Financial Group LLC now owns 1,002 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 950 shares during the period. Finally, Cullen Frost Bankers Inc. purchased a new position in Sonoco Products during the 4th quarter worth approximately $47,000. 77.69% of the stock is currently owned by institutional investors and hedge funds.

Sonoco Products Stock Down 0.7%

Sonoco Products stock opened at $56.45 on Friday. The firm has a market cap of $5.58 billion, a PE ratio of 8.97, a P/E/G ratio of 1.19 and a beta of 0.37. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.55 and a current ratio of 0.99. The firm’s 50 day moving average price is $53.20 and its two-hundred day moving average price is $52.42. Sonoco Products Company has a twelve month low of $38.65 and a twelve month high of $60.67.

Sonoco Products (NYSE:SON) last issued its earnings results on Wednesday, July 22nd. The industrial products company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.04. The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. Sonoco Products had a net margin of 8.41% and a return on equity of 16.50%. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter last year, the business posted $1.37 EPS. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. On average, research analysts predict that Sonoco Products Company will post 5.8 EPS for the current fiscal year.

Sonoco Products Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Monday, August 10th. Sonoco Products’s dividend payout ratio (DPR) is currently 34.34%.

Analysts Set New Price Targets

SON has been the topic of several recent analyst reports. Weiss Ratings downgraded shares of Sonoco Products from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, July 20th. Truist Financial lifted their price target on Sonoco Products from $64.00 to $68.00 and gave the company a “buy” rating in a report on Friday, July 24th. Wall Street Zen lowered Sonoco Products from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Citigroup upped their price target on Sonoco Products from $63.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Finally, Argus upgraded 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 issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $61.78.

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.