27,800 Shares in Sonoco Products Company $SON Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Sonoco Products Company (NYSE:SON) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 27,800 shares of the industrial products company’s stock, valued at approximately $1,567,000.

Other large investors have also bought and sold shares of the company. WPG Advisers LLC grew its holdings in shares of Sonoco Products by 93.1% during the 1st quarter. WPG Advisers LLC now owns 612 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 295 shares during the period. Larson Financial Group LLC lifted its stake in shares of 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 valued at $43,000 after purchasing an additional 950 shares during the period. Cullen Frost Bankers Inc. bought a new stake in shares of Sonoco Products during the fourth quarter valued at approximately $47,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Sonoco Products during the third quarter valued at approximately $56,000. Finally, Parallel Advisors LLC grew its stake in Sonoco Products by 73.5% in the fourth quarter. Parallel Advisors LLC now owns 1,320 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 559 shares during the period. 77.69% of the stock is owned by institutional investors.

Sonoco Products Stock Down 1.3%

Shares of NYSE:SON opened at $47.82 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.55 and a debt-to-equity ratio of 0.97. The stock has a fifty day simple moving average of $55.85 and a two-hundred day simple moving average of $53.54. Sonoco Products Company has a 12-month low of $38.65 and a 12-month high of $60.67. The stock has a market capitalization of $4.73 billion, a price-to-earnings ratio of 7.60, a PEG ratio of 1.21 and a beta of 0.36.

Sonoco Products (NYSE:SON) last announced its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.47 by $0.04. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. Sonoco Products had a net margin of 8.41% and a return on equity of 16.50%. Sonoco Products’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.37 EPS. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. On average, research analysts anticipate that Sonoco Products Company will post 5.78 earnings per share for the current fiscal year.

Sonoco Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 10th were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Monday, August 10th. Sonoco Products’s payout ratio is presently 34.34%.

Wall Street Analysts Forecast Growth

SON has been the subject of several recent research reports. Truist Financial raised their price objective on Sonoco Products from $64.00 to $68.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Citigroup increased their price target on shares of Sonoco Products from $63.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Bank of America cut shares of Sonoco Products from a “buy” rating to a “neutral” rating and lowered their price target for the company from $69.00 to $60.00 in a research report on Thursday, September 3rd. Finally, Weiss Ratings raised shares of Sonoco Products from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, August 26th. Five research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Sonoco Products currently has an average rating of “Hold” and an average price target of $60.78.

Sonoco Products Profile

Sonoco Products Company is a diversified packaging company headquartered in Hartsville, South Carolina. Founded in 1899 as the Southern Novelty Company, it adopted the Sonoco name in 1923. The company serves customers in the food, beverage, household, consumer, industrial and other markets.

Sonoco manufactures a broad range of packaging and related products, including paperboard cans and tubes, rigid plastic containers, flexible packaging, metal containers, closures, and protective packaging.