17,389 Shares in Sonoco Products Company $SON Purchased by Hilton Head Capital Partners LLC

Hilton Head Capital Partners LLC bought a new position in shares of Sonoco Products Company (NYSE:SON) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 17,389 shares of the industrial products company’s stock, valued at approximately $759,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SON. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Sonoco Products by 44.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,093 shares of the industrial products company’s stock worth $2,319,000 after acquiring an additional 15,079 shares during the period. Goldman Sachs Group Inc. grew its holdings in Sonoco Products by 80.8% during the first quarter. Goldman Sachs Group Inc. now owns 206,493 shares of the industrial products company’s stock worth $9,755,000 after acquiring an additional 92,286 shares during the period. Empowered Funds LLC boosted its position in Sonoco Products by 14.1% during the first quarter. Empowered Funds LLC now owns 11,058 shares of the industrial products company’s stock worth $522,000 after purchasing an additional 1,364 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Sonoco Products by 87.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 545,179 shares of the industrial products company’s stock worth $25,754,000 after purchasing an additional 255,055 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Sonoco Products by 315.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,587 shares of the industrial products company’s stock worth $69,000 after purchasing an additional 1,205 shares in the last quarter. 77.69% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Sonoco Products

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Robert W. Baird lowered their price target 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. Wall Street Zen downgraded Sonoco Products from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Bank of America reiterated a “buy” rating on shares of Sonoco Products in a research report on Wednesday, April 22nd. UBS Group lowered their price target on Sonoco Products from $62.00 to $59.00 and set a “neutral” rating on the stock in a research report on Friday, April 10th. Finally, Wells Fargo & Company lowered their price target on Sonoco Products from $60.00 to $56.00 and set an “equal weight” rating on the stock in a research report on Friday, March 20th. Five analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $60.11.

Sonoco Products Stock Performance

NYSE SON opened at $47.45 on Monday. The company has a market cap of $4.69 billion, a PE ratio of 4.65, a price-to-earnings-growth ratio of 1.00 and a beta of 0.39. The stock’s 50 day simple moving average is $51.46 and its 200-day simple moving average is $49.25. Sonoco Products Company has a 1-year low of $38.65 and a 1-year high of $58.44. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.96 and a quick ratio of 0.54.

Sonoco Products (NYSE:SON) last released its 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 firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Sonoco Products had a net margin of 13.57% and a return on equity of 16.50%. The business’s revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.38 EPS. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. As a group, equities research analysts anticipate that Sonoco Products Company will post 5.81 EPS for the current fiscal 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 given a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 4.6%. This is a boost from Sonoco Products’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, May 8th. Sonoco Products’s dividend payout ratio (DPR) is 21.18%.

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.