Sonoco Products Company $SON Shares Purchased by Wasatch Advisors LP

Wasatch Advisors LP boosted its position in Sonoco Products Company (NYSE:SON) by 15.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,167 shares of the industrial products company’s stock after buying an additional 11,130 shares during the period. Wasatch Advisors LP owned approximately 0.08% of Sonoco Products worth $4,574,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Sonoco Products by 44.3% in 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 in the last quarter. Goldman Sachs Group Inc. raised 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 worth $9,755,000 after purchasing an additional 92,286 shares in the last quarter. Empowered Funds LLC boosted its holdings in Sonoco Products by 14.1% in the 1st quarter. Empowered Funds LLC now owns 11,058 shares of the industrial products company’s stock valued at $522,000 after purchasing an additional 1,364 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Sonoco Products by 87.9% during the 1st 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 worth $25,754,000 after purchasing an additional 255,055 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Sonoco Products by 315.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,587 shares of the industrial products company’s stock worth $69,000 after buying an additional 1,205 shares in the last quarter. 77.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Robert W. Baird decreased their price target on Sonoco Products from $60.00 to $55.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Weiss Ratings raised Sonoco Products from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Argus upgraded shares of Sonoco Products to a “hold” rating in a research report on Monday, April 20th. Wall Street Zen cut shares of Sonoco Products from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Truist Financial increased their price target on shares of Sonoco Products from $64.00 to $68.00 and gave the company a “buy” rating in a report on Friday, July 24th. Five equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Sonoco Products currently has a consensus rating of “Hold” and a consensus price target of $61.78.

Sonoco Products Stock Performance

SON opened at $57.95 on Thursday. The stock has a market cap of $5.73 billion, a P/E ratio of 9.21, a P/E/G ratio of 1.22 and a beta of 0.37. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.99 and a quick ratio of 0.55. The stock’s 50 day simple moving average is $54.57 and its 200 day simple moving average is $52.98. Sonoco Products Company has a 1-year low of $38.65 and a 1-year high of $60.67.

Sonoco Products (NYSE:SON) last released its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.04. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. Sonoco Products had a return on equity of 16.50% and a net margin of 8.41%.Sonoco Products’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period last year, the business posted $1.37 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 5.8 EPS for the current fiscal year.

Sonoco Products Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, August 10th. Sonoco Products’s payout ratio is 34.34%.

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.