Teachers Advisors LLC grew its position in Sonoco Products Co (NYSE:SON) by 7.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 122,120 shares of the industrial products company’s stock after acquiring an additional 8,598 shares during the quarter. Teachers Advisors LLC owned about 0.12% of Sonoco Products worth $6,778,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Commonwealth Equity Services LLC boosted its holdings in shares of Sonoco Products by 36.0% in the third quarter. Commonwealth Equity Services LLC now owns 18,170 shares of the industrial products company’s stock valued at $1,008,000 after acquiring an additional 4,806 shares during the period. Salem Investment Counselors Inc. lifted its holdings in shares of Sonoco Products by 2.0% during the third quarter. Salem Investment Counselors Inc. now owns 105,974 shares of the industrial products company’s stock worth $5,882,000 after purchasing an additional 2,055 shares during the period. Commonwealth Bank of Australia acquired a new stake in shares of Sonoco Products during the third quarter worth $599,000. Franklin Resources Inc. lifted its holdings in shares of Sonoco Products by 60.4% during the third quarter. Franklin Resources Inc. now owns 12,326 shares of the industrial products company’s stock worth $684,000 after purchasing an additional 4,640 shares during the period. Finally, Dupont Capital Management Corp lifted its holdings in shares of Sonoco Products by 450.3% during the third quarter. Dupont Capital Management Corp now owns 32,600 shares of the industrial products company’s stock worth $1,809,000 after purchasing an additional 26,676 shares during the period. 74.72% of the stock is owned by institutional investors and hedge funds.

In other Sonoco Products news, VP James A. Harrell III sold 734 shares of the firm’s stock in a transaction on Friday, November 16th. The stock was sold at an average price of $57.00, for a total value of $41,838.00. Following the completion of the sale, the vice president now owns 13,881 shares of the company’s stock, valued at $791,217. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.70% of the stock is currently owned by company insiders.

Sonoco Products stock traded down $0.10 during midday trading on Monday, reaching $58.60. The company’s stock had a trading volume of 2,404 shares, compared to its average volume of 419,253. Sonoco Products Co has a fifty-two week low of $46.55 and a fifty-two week high of $59.02. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.19 and a current ratio of 1.66. The company has a market cap of $5.86 billion, a P/E ratio of 21.04, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00.

SON has been the subject of several recent research reports. Zacks Investment Research reaffirmed a “hold” rating and set a $56.00 price target on shares of Sonoco Products in a report on Monday, December 31st. Wells Fargo & Co set a $55.00 price target on Sonoco Products and gave the stock a “hold” rating in a report on Monday, December 10th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Sonoco Products in a report on Thursday, October 18th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $56.67.

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Sonoco Products 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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Institutional Ownership by Quarter for Sonoco Products (NYSE:SON)

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