Sonoco Products (NYSE:SON) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Sonoco Products Company (NYSE:SON) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $50.19 and traded as high as $54.81. Sonoco Products shares last traded at $54.2650, with a volume of 1,153,494 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SON shares. Weiss Ratings lowered Sonoco Products from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 15th. UBS Group lowered their price objective 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. Raymond James Financial restated a “market perform” rating on shares of Sonoco Products in a research note on Friday, March 6th. Truist Financial reaffirmed a “buy” rating and issued a $65.00 target price (down from $68.00) on shares of Sonoco Products in a research report on Tuesday, April 28th. Finally, Robert W. Baird decreased their price target on shares of Sonoco Products from $60.00 to $55.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Five research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $60.11.

Sonoco Products Trading Up 1.4%

The company has a debt-to-equity ratio of 0.97, a current ratio of 0.96 and a quick ratio of 0.54. The business’s 50 day simple moving average is $50.35 and its 200 day simple moving average is $50.23. The stock has a market cap of $5.45 billion, a P/E ratio of 5.40, a PEG ratio of 1.14 and a beta of 0.39.

Sonoco Products (NYSE:SON) last released its quarterly earnings data 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 company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.88 billion. Sonoco Products had a net margin of 13.57% and a return on equity of 16.50%. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.38 earnings per share. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. On average, analysts expect that Sonoco Products Company will post 5.81 earnings per share for the current fiscal year.

Sonoco Products Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Friday, May 8th. This is a boost 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 3.9%. Sonoco Products’s dividend payout ratio (DPR) is 21.18%.

Insider Buying and Selling at Sonoco Products

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

Hedge Funds Weigh In On Sonoco Products

Institutional investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. grew its holdings in shares of 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 last quarter. LRI Investments LLC acquired a new position in Sonoco Products during the 4th quarter worth about $29,000. WPG Advisers LLC grew its stake in shares of Sonoco Products by 93.1% during the first quarter. WPG Advisers LLC now owns 612 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 295 shares during the last quarter. Ameriflex Group Inc. boosted its position in Sonoco Products by 1,263.6% in the 3rd quarter. Ameriflex Group Inc. now owns 900 shares of the industrial products company’s stock valued at $39,000 after buying an additional 834 shares during the last quarter. Finally, Larson Financial Group LLC increased its position in Sonoco Products by 1,826.9% in the third quarter. Larson Financial Group LLC now owns 1,002 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 950 shares during the period. Institutional investors own 77.69% 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.