Sonoco Products Co (NYSE:SON) has received a consensus rating of “Hold” from the nine research firms that are presently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $57.80.

SON has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Sonoco Products from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a report on Tuesday, July 24th. Barclays upped their price target on Sonoco Products from $55.00 to $58.00 and gave the stock a “$56.02” rating in a research note on Monday, July 23rd. Finally, DA Davidson upped their price target on Sonoco Products to $57.00 and gave the stock a “neutral” rating in a research note on Friday, July 20th.

In related news, SVP Kevin P. Mahoney sold 1,138 shares of the company’s stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $56.11, for a total value of $63,853.18. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Vicki B. Arthur sold 1,305 shares of the company’s stock in a transaction that occurred on Friday, July 20th. The stock was sold at an average price of $56.81, for a total value of $74,137.05. Following the completion of the sale, the senior vice president now owns 23,534 shares in the company, valued at approximately $1,336,966.54. The disclosure for this sale can be found here. Insiders sold a total of 30,133 shares of company stock worth $1,669,969 in the last 90 days. 1.70% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Itau Unibanco Holding S.A. purchased a new stake in Sonoco Products during the 2nd quarter valued at $183,000. UMB Bank N A MO purchased a new stake in Sonoco Products during the 2nd quarter valued at $201,000. Dividend Assets Capital LLC purchased a new stake in Sonoco Products during the 2nd quarter valued at $201,000. Financial Gravity Wealth Inc. purchased a new stake in Sonoco Products during the 1st quarter valued at $203,000. Finally, KC Investment Advisors LLC purchased a new stake in Sonoco Products during the 2nd quarter valued at $207,000. Institutional investors and hedge funds own 70.52% of the company’s stock.

SON traded down $0.38 during midday trading on Wednesday, reaching $58.00. 10,691 shares of the company’s stock traded hands, compared to its average volume of 305,901. The firm has a market capitalization of $5.74 billion, a price-to-earnings ratio of 20.87, a PEG ratio of 3.70 and a beta of 1.07. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.53 and a quick ratio of 1.07. Sonoco Products has a 52 week low of $46.55 and a 52 week high of $58.47.

Sonoco Products (NYSE:SON) last posted its earnings results on Thursday, July 19th. The industrial products company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. Sonoco Products had a return on equity of 18.01% and a net margin of 4.57%. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the business earned $0.71 EPS. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. sell-side analysts expect that Sonoco Products will post 3.34 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 10th. Investors of record on Friday, August 10th were paid a $0.41 dividend. The ex-dividend date of this dividend was Thursday, August 9th. This represents a $1.64 annualized dividend and a dividend yield of 2.83%. Sonoco Products’s payout ratio is currently 58.78%.

Sonoco Products Company Profile

Sonoco Products Company manufactures and sells industrial and consumer packaging products in North and South America, Europe, Australia, and Asia. The company operates through four segments: Consumer Packaging, Display and Packaging, Paper and Industrial Converted Products, and Protective Solutions. The Consumer Packaging segment offers composite and thermoformed plastic round and shaped rigid containers and trays; extruded and injection-molded plastic products; printed flexible packaging products; brand artwork management; and metal and peelable membrane ends and closures.

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Analyst Recommendations for Sonoco Products (NYSE:SON)

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