116,958 Shares in Sonoco Products Company $SON Bought by Intech Investment Management LLC

Intech Investment Management LLC bought a new position in Sonoco Products Company (NYSE:SON) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 116,958 shares of the industrial products company’s stock, valued at approximately $5,104,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in Sonoco Products by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 1,829,794 shares of the industrial products company’s stock worth $79,869,000 after acquiring an additional 53,540 shares in the last quarter. Hantz Financial Services Inc. grew its position in Sonoco Products by 131.8% in the fourth quarter. Hantz Financial Services Inc. now owns 4,459 shares of the industrial products company’s stock worth $195,000 after acquiring an additional 2,535 shares in the last quarter. Powell Investment Advisors LLC grew its position in 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 in the last quarter. Prospera Financial Services Inc purchased a new position in Sonoco Products in the fourth quarter worth $306,000. Finally, LSV Asset Management grew its position in Sonoco Products by 95.7% in the fourth quarter. LSV Asset Management now owns 1,563,390 shares of the industrial products company’s stock worth $68,226,000 after acquiring an additional 764,590 shares in the last quarter. 77.69% of the stock is currently owned by hedge funds and other institutional investors.

Sonoco Products Stock Performance

Sonoco Products stock opened at $48.75 on Monday. The company has a quick ratio of 0.54, a current ratio of 0.96 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $4.82 billion, a PE ratio of 4.78, a P/E/G ratio of 1.02 and a beta of 0.39. The firm has a fifty day simple moving average of $51.84 and a two-hundred day simple moving average of $48.99. Sonoco Products Company has a twelve month low of $38.65 and a twelve month high of $58.44.

Sonoco Products (NYSE:SON) last posted its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.37). The business had revenue of $1.68 billion during 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 13.57%.The business’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.38 earnings per share. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. Research analysts expect that Sonoco Products Company will post 5.81 EPS for the current year.

Sonoco Products Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th will be issued a dividend of $0.54 per share. This is an increase from Sonoco Products’s previous quarterly dividend of $0.53. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Friday, May 8th. Sonoco Products’s dividend payout ratio (DPR) is currently 21.18%.

Analyst Ratings Changes

SON has been the subject of several research reports. Citigroup cut their target price on shares of Sonoco Products from $70.00 to $63.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Wells Fargo & Company lowered their price target on shares of Sonoco Products from $60.00 to $56.00 and set an “equal weight” rating for the company in a research note on Friday, March 20th. Bank of America reissued a “buy” rating on shares of Sonoco Products in a research note on Wednesday, April 22nd. Argus raised shares of Sonoco Products to a “hold” rating in a research note on Monday, April 20th. Finally, Wall Street Zen downgraded shares of Sonoco Products from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Five equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $60.11.

Insider Transactions at Sonoco Products

In other news, insider James A. Harrell III bought 6,753 shares of the company’s stock in a transaction dated Monday, April 27th. The stock was bought at an average cost of $50.37 per share, for a total transaction of $340,148.61. Following the completion of the acquisition, the insider owned 10,070 shares in the company, valued at approximately $507,225.90. This trade represents a 203.59% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Paul Joachimczyk bought 8,058 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were purchased at an average price of $49.64 per share, with a total value of $399,999.12. Following the completion of the acquisition, the chief financial officer owned 28,558 shares of the company’s stock, valued at $1,417,619.12. This trade represents a 39.31% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.98% of the company’s stock.

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.