Entropy Technologies LP Makes New $829,000 Investment in Sonoco Products Company $SON

Entropy Technologies LP purchased a new position in shares of Sonoco Products Company (NYSE:SON) during the first quarter, HoldingsChannel reports. The fund purchased 15,326 shares of the industrial products company’s stock, valued at approximately $829,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. raised its holdings in Sonoco Products by 477.8% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 5,901,950 shares of the industrial products company’s stock valued at $257,561,000 after buying an additional 4,880,438 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Sonoco Products by 357.8% in the 3rd quarter. AQR Capital Management LLC now owns 2,117,022 shares of the industrial products company’s stock worth $90,693,000 after acquiring an additional 1,654,576 shares in the last quarter. Norges Bank bought a new stake in Sonoco Products in the fourth quarter worth approximately $54,611,000. Squarepoint Ops LLC increased its stake in shares of Sonoco Products by 2,813.2% in the 4th quarter. Squarepoint Ops LLC now owns 876,895 shares of the industrial products company’s stock valued at $38,268,000 after acquiring an additional 846,794 shares in the last quarter. Finally, LSV Asset Management raised its holdings in shares of Sonoco Products by 95.7% during the fourth quarter. LSV Asset Management now owns 1,563,390 shares of the industrial products company’s stock valued at $68,226,000 after purchasing an additional 764,590 shares during the period. 77.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SON has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft began coverage on Sonoco Products in a research report on Wednesday, April 1st. They set a “buy” rating and a $63.00 target price on the stock. UBS Group dropped their price target on Sonoco Products from $62.00 to $59.00 and set a “neutral” rating on the stock in a report on Friday, April 10th. Weiss Ratings cut shares of Sonoco Products from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, July 20th. Argus upgraded Sonoco Products to a “hold” rating in a research note on Monday, April 20th. Finally, Citigroup lifted their price objective on shares of Sonoco Products from $63.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Five investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Sonoco Products presently has an average rating of “Hold” and a consensus price target of $61.78.

Sonoco Products Trading Up 3.0%

Shares of SON opened at $60.45 on Wednesday. The business’s 50-day moving average price is $52.67 and its 200-day moving average price is $52.24. Sonoco Products Company has a twelve month low of $38.65 and a twelve month high of $60.67. The stock has a market cap of $5.98 billion, a PE ratio of 9.61, a P/E/G ratio of 1.22 and a beta of 0.37. The company has a quick ratio of 0.55, a current ratio of 0.99 and a debt-to-equity ratio of 0.97.

Sonoco Products (NYSE:SON) last announced 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. Sonoco Products had a net margin of 8.41% and a return on equity of 16.50%. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the prior year, the firm posted $1.37 earnings per share. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. On average, equities analysts forecast that Sonoco Products Company will post 5.79 EPS for the current fiscal year.

Sonoco Products Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be paid a $0.54 dividend. The ex-dividend date is Monday, August 10th. This represents a $2.16 annualized dividend and a yield of 3.6%. Sonoco Products’s dividend payout ratio is currently 34.34%.

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.