UBS Group AG Has $13.26 Million Stock Position in Sonoco Products Company $SON

UBS Group AG grew its holdings in shares of Sonoco Products Company (NYSE:SON) by 57.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 303,784 shares of the industrial products company’s stock after acquiring an additional 111,295 shares during the period. UBS Group AG’s holdings in Sonoco Products were worth $13,257,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Cornerstone Planning Group LLC bought a new stake in shares of Sonoco Products in the third quarter worth $29,000. Ameriflex Group Inc. increased its holdings in Sonoco Products by 1,263.6% in the third quarter. Ameriflex Group Inc. now owns 900 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 834 shares during the period. Larson Financial Group LLC increased its holdings in Sonoco Products by 1,826.9% in the third 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. Caitong International Asset Management Co. Ltd bought a new position in Sonoco Products during the 3rd quarter worth $56,000. Finally, Clearstead Advisors LLC lifted its holdings in Sonoco Products by 258.7% during the 3rd quarter. Clearstead Advisors LLC now owns 1,338 shares of the industrial products company’s stock worth $58,000 after buying an additional 965 shares during the period. Institutional investors and hedge funds own 77.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SON. Wall Street Zen lowered Sonoco Products from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. UBS Group lowered their price objective on Sonoco Products from $62.00 to $59.00 and set a “neutral” rating for the company in a research report on Friday, April 10th. Wells Fargo & Company reduced their target price on Sonoco Products from $60.00 to $56.00 and set an “equal weight” rating on the stock in a report on Friday, March 20th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Sonoco Products in a research report on Wednesday, April 1st. They set a “buy” rating and a $63.00 target price for the company. Finally, Raymond James Financial restated a “market perform” rating on shares of Sonoco Products in a report on Friday, March 6th. Five analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Sonoco Products presently has an average rating of “Hold” and an average price target of $60.11.

Sonoco Products Trading Down 0.7%

Shares of SON stock opened at $49.43 on Friday. Sonoco Products Company has a fifty-two week low of $38.65 and a fifty-two week high of $58.44. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.54 and a current ratio of 0.96. The stock has a 50 day simple moving average of $52.92 and a two-hundred day simple moving average of $48.34. The company has a market cap of $4.89 billion, a P/E ratio of 4.85, a PEG ratio of 1.04 and a beta of 0.40.

Sonoco Products (NYSE:SON) last posted its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.37). The business had revenue of $1.68 billion for 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 13.57%.Sonoco Products’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.38 earnings per share. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. Research analysts forecast that Sonoco Products Company will post 5.81 earnings per share for the current year.

Sonoco Products Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th will be issued a $0.54 dividend. The ex-dividend date is Friday, May 8th. This is a positive change from Sonoco Products’s previous quarterly dividend of $0.53. This represents a $2.16 dividend on an annualized basis and a yield of 4.4%. Sonoco Products’s dividend payout ratio is 21.18%.

Insider Buying and Selling at Sonoco Products

In related news, insider James A. Harrell III purchased 6,753 shares of the firm’s stock in a transaction on Monday, April 27th. The stock was purchased at an average cost of $50.37 per share, with a total value of $340,148.61. Following the completion of the purchase, the insider owned 10,070 shares in the company, valued at approximately $507,225.90. This trade represents a 203.59% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Paul Joachimczyk acquired 8,058 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were bought at an average price of $49.64 per share, for a total transaction of $399,999.12. Following the acquisition, the chief financial officer directly owned 28,558 shares of the company’s stock, valued at approximately $1,417,619.12. This trade represents a 39.31% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.98% of the company’s stock.

Sonoco Products 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.