Entropy Technologies LP Makes New $829,000 Investment in Sonoco Products Company $SON

Entropy Technologies LP bought a new position in Sonoco Products Company (NYSE:SON) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 15,326 shares of the industrial products company’s stock, valued at approximately $829,000.

Several other institutional investors also recently added to or reduced their stakes in SON. SBI Securities Co. Ltd. increased its position in 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 during the period. WPG Advisers LLC raised its position in Sonoco Products by 93.1% in the first quarter. WPG Advisers LLC now owns 612 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 295 shares in the last quarter. LRI Investments LLC bought a new position in shares of Sonoco Products during the 4th quarter worth approximately $29,000. Larson Financial Group LLC lifted its holdings 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 valued at $43,000 after acquiring an additional 950 shares during the period. Finally, Cullen Frost Bankers Inc. bought a new position in Sonoco Products during the 4th quarter valued at about $47,000. 77.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SON. Truist Financial lifted 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. Argus raised shares of Sonoco Products to a “hold” rating in a research note on Monday, April 20th. Bank of America boosted their target price on Sonoco Products from $65.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. UBS Group decreased their price target on shares of Sonoco Products from $62.00 to $59.00 and set a “neutral” rating for the company in a report on Friday, April 10th. Finally, Citigroup increased their target price on Sonoco Products from $63.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Five investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $61.78.

Sonoco Products Stock Up 3.0%

SON stock opened at $60.45 on Wednesday. The company has a market cap of $5.98 billion, a price-to-earnings ratio of 9.61, a P/E/G ratio of 1.22 and a beta of 0.37. Sonoco Products Company has a twelve month low of $38.65 and a twelve month high of $60.67. The business has a 50 day moving average price of $52.67 and a two-hundred day moving average price of $52.24. The company has a quick ratio of 0.55, a current ratio of 0.99 and a debt-to-equity ratio of 0.97.

Sonoco Products (NYSE:SON) last posted its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.04. The firm had revenue of $1.89 billion for 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 quarterly revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.37 earnings per share. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. Analysts anticipate that Sonoco Products Company will post 5.79 EPS for the current fiscal year.

Sonoco Products Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Monday, August 10th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.6%. Sonoco Products’s payout ratio is presently 34.34%.

About Sonoco Products

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.