Insider Selling: Sonoco Products (NYSE:SON) VP Sells 261 Shares of Stock

Sonoco Products Company (NYSE:SON) VP John Florence sold 261 shares of the firm’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $58.56, for a total transaction of $15,284.16. Following the sale, the vice president owned 15,795 shares in the company, valued at approximately $924,955.20. The trade was a 1.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Sonoco Products Stock Down 0.7%

NYSE SON traded down $0.38 on Friday, reaching $56.45. The company had a trading volume of 1,423,564 shares, compared to its average volume of 1,197,534. The company’s fifty day moving average is $53.06 and its 200-day moving average is $52.40. The firm has a market capitalization of $5.58 billion, a price-to-earnings ratio of 8.97, a price-to-earnings-growth ratio of 1.25 and a beta of 0.37. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.55 and a current ratio of 0.99. Sonoco Products Company has a 1-year low of $38.65 and a 1-year high of $60.67.

Sonoco Products (NYSE:SON) last released its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.04. The firm had revenue of $1.89 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 8.41%.The company’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter last year, the business posted $1.37 EPS. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. On average, research analysts forecast that Sonoco Products Company will post 5.8 earnings per share for the current fiscal year.

Sonoco Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be issued a $0.54 dividend. The ex-dividend date is Monday, August 10th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.8%. Sonoco Products’s dividend payout ratio (DPR) is 34.34%.

Institutional Investors Weigh In On Sonoco Products

A number of institutional investors and hedge funds have recently modified their holdings of the company. SBI Securities Co. Ltd. grew its holdings 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 purchasing an additional 258 shares during the period. WPG Advisers LLC lifted its position in shares of Sonoco Products by 93.1% in the first quarter. WPG Advisers LLC now owns 612 shares of the industrial products company’s stock valued at $33,000 after buying an additional 295 shares during 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 boosted its stake in shares of Sonoco Products by 1,826.9% during the 3rd quarter. Larson Financial Group LLC now owns 1,002 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 950 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of Sonoco Products during the 4th quarter worth approximately $47,000. 77.69% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on SON. Citigroup raised their target price on shares of Sonoco Products from $63.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Bank of America boosted their price target on shares of Sonoco Products from $65.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Truist Financial increased their price objective on shares of Sonoco Products from $64.00 to $68.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Robert W. Baird lowered their target price on Sonoco Products from $60.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Finally, UBS Group dropped their target price on Sonoco Products from $62.00 to $59.00 and set a “neutral” rating on the stock in a report on Friday, April 10th. Five equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sonoco Products has a consensus rating of “Hold” and an average target price of $61.78.

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.