Sonoco Products Co. (NYSE:SON) reached a new 52-week high during trading on Wednesday . The stock traded as high as $51.97 and last traded at $51.65, with a volume of 184,879 shares trading hands. The stock had previously closed at $51.59.

SON has been the subject of several research analyst reports. Vertical Research lowered shares of Sonoco Products from a “buy” rating to a “hold” rating in a research note on Friday, March 18th. Jefferies Group restated a “hold” rating on shares of Sonoco Products in a research note on Monday, April 25th. DA Davidson lowered shares of Sonoco Products from a “neutral” rating to an “underperform” rating and set a $42.00 price target for the company. in a research note on Monday, April 11th. They noted that the move was a valuation call. Goldman Sachs Group Inc. restated a “neutral” rating and set a $50.00 price target on shares of Sonoco Products in a research note on Wednesday, June 1st. Finally, Vertical Group lowered shares of Sonoco Products from a “buy” rating to a “hold” rating in a research note on Sunday, March 20th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $45.33.

The company has a market capitalization of $5.19 billion and a P/E ratio of 23.53. The stock has a 50 day moving average price of $48.23 and a 200-day moving average price of $45.23.

Sonoco Products (NYSE:SON) last released its quarterly earnings data on Thursday, April 21st. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.05. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the previous year, the firm earned $0.54 earnings per share. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, analysts predict that Sonoco Products Co. will post $2.71 earnings per share for the current fiscal year.

In other Sonoco Products news, VP Vicki B. Arthur sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 27th. The shares were sold at an average price of $48.00, for a total transaction of $192,000.00. Following the completion of the sale, the vice president now directly owns 25,553 shares of the company’s stock, valued at $1,226,544. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Marcy J. Thompson sold 533 shares of the company’s stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $48.00, for a total transaction of $25,584.00. Following the sale, the vice president now directly owns 8,590 shares of the company’s stock, valued at $412,320. The disclosure for this sale can be found here.

A number of hedge funds have made changes to their positions in SON. Vanguard Group Inc. boosted its stake in shares of Sonoco Products by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 6,938,282 shares of the company’s stock worth $283,568,000 after buying an additional 135,323 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Sonoco Products by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,767,514 shares of the company’s stock worth $72,245,000 after buying an additional 24,569 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of Sonoco Products by 182.2% in the fourth quarter. Schroder Investment Management Group now owns 1,525,741 shares of the company’s stock worth $62,357,000 after buying an additional 985,041 shares in the last quarter. OppenheimerFunds Inc. boosted its stake in shares of Sonoco Products by 13.9% in the fourth quarter. OppenheimerFunds Inc. now owns 439,285 shares of the company’s stock worth $17,954,000 after buying an additional 53,495 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Sonoco Products by 2.3% in the fourth quarter. First Trust Advisors LP now owns 366,440 shares of the company’s stock worth $14,976,000 after buying an additional 8,312 shares in the last quarter.

Sonoco Products Company (Sonoco) is a manufacturer of industrial and consumer packaging products and a provider of packaging services. The Company operates in four segments: Consumer Packaging, Paper and Industrial Converted Products, Display and Packaging, and Protective Solutions. Its Consumer Packaging segment’s products and services include round composite cans, aluminum, steel and peelable membrane easy-open closures for composite and metal cans; plastic bottles, cups and trays, and printed flexible packaging and global brand management.

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