Sonoco Products Company $SON Shares Acquired by Wasatch Advisors LP

Wasatch Advisors LP lifted its holdings in shares of Sonoco Products Company (NYSE:SON) by 15.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,167 shares of the industrial products company’s stock after purchasing an additional 11,130 shares during the period. Wasatch Advisors LP’s holdings in Sonoco Products were worth $4,574,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Baker Ellis Asset Management LLC grew its holdings in Sonoco Products by 3.9% during the 1st quarter. Baker Ellis Asset Management LLC now owns 5,307 shares of the industrial products company’s stock valued at $287,000 after buying an additional 201 shares during the last quarter. Powell Investment Advisors LLC raised its holdings in shares of Sonoco Products by 1.0% in the fourth quarter. Powell Investment Advisors LLC now owns 20,718 shares of the industrial products company’s stock worth $904,000 after acquiring an additional 203 shares during the last quarter. IFP Advisors Inc lifted its position in shares of Sonoco Products by 8.6% in the fourth quarter. IFP Advisors Inc now owns 2,996 shares of the industrial products company’s stock valued at $131,000 after acquiring an additional 237 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Sonoco Products by 11.2% during the first quarter. EverSource Wealth Advisors LLC now owns 2,476 shares of the industrial products company’s stock valued at $134,000 after acquiring an additional 249 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its position in Sonoco Products by 77.7% during the 4th 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 in the last quarter. 77.69% of the stock is currently owned by institutional investors and hedge funds.

Sonoco Products Stock Performance

Sonoco Products stock opened at $57.95 on Thursday. The stock has a fifty day moving average price of $54.57 and a 200 day moving average price of $52.98. Sonoco Products Company has a 52 week low of $38.65 and a 52 week high of $60.67. The firm has a market capitalization of $5.73 billion, a P/E ratio of 9.21, a PEG ratio of 1.22 and a beta of 0.37. The company has a current ratio of 0.99, a quick ratio of 0.55 and a debt-to-equity ratio of 0.97.

Sonoco Products (NYSE:SON) last issued its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.04. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. Sonoco Products had a return on equity of 16.50% and a net margin of 8.41%.The firm’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period last year, the company earned $1.37 EPS. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. Equities research analysts anticipate that Sonoco Products Company will post 5.8 earnings per share for the current year.

Sonoco Products Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Monday, August 10th. Sonoco Products’s payout ratio is presently 34.34%.

Analysts Set New Price Targets

SON has been the subject of several analyst reports. Argus raised shares of Sonoco Products to a “hold” rating in a research note on Monday, April 20th. Wall Street Zen cut shares of Sonoco Products from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Bank of America boosted their price objective on shares of Sonoco Products from $65.00 to $69.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Weiss Ratings raised shares of Sonoco Products from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Finally, Truist Financial raised their target price on shares of Sonoco Products from $64.00 to $68.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Five analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus 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.