RBF Capital LLC Trims Stock Holdings in Sonoco Products Company $SON

RBF Capital LLC lowered its stake in Sonoco Products Company (NYSE:SON) by 24.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,361 shares of the industrial products company’s stock after selling 19,235 shares during the quarter. RBF Capital LLC’s holdings in Sonoco Products were worth $3,265,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. LSV Asset Management lifted its holdings in 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 in the last quarter. UBS Group AG increased its stake in shares of Sonoco Products by 57.8% in the fourth quarter. UBS Group AG now owns 303,784 shares of the industrial products company’s stock worth $13,257,000 after purchasing an additional 111,295 shares in the last quarter. Thompson Siegel & Walmsley LLC bought a new stake in shares of Sonoco Products during the 4th quarter valued at $7,774,000. Natixis Advisors LLC raised its position in shares of Sonoco Products by 18.6% during the 4th quarter. Natixis Advisors LLC now owns 326,547 shares of the industrial products company’s stock valued at $14,251,000 after purchasing an additional 51,273 shares during the period. Finally, M&T Bank Corp lifted its stake in shares of Sonoco Products by 129.5% during the 4th quarter. M&T Bank Corp now owns 89,798 shares of the industrial products company’s stock valued at $3,919,000 after buying an additional 50,667 shares in the last quarter. 77.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SON. Weiss Ratings lowered 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 report on Monday, April 20th. UBS Group dropped their price objective on Sonoco Products from $62.00 to $59.00 and set a “neutral” rating for the company in a research note on Friday, April 10th. Deutsche Bank Aktiengesellschaft started coverage on Sonoco Products in a research report on Wednesday, April 1st. They set a “buy” rating and a $63.00 target price for the company. Finally, Citigroup lifted their target price on Sonoco Products from $63.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Five research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $61.78.

Sonoco Products Trading Down 2.7%

Shares of Sonoco Products stock opened at $58.91 on Thursday. Sonoco Products Company has a twelve month low of $38.65 and a twelve month high of $60.67. The company has a quick ratio of 0.55, a current ratio of 0.99 and a debt-to-equity ratio of 0.97. The business has a 50-day moving average price of $52.89 and a 200-day moving average price of $52.33. The firm has a market cap of $5.82 billion, a price-to-earnings ratio of 9.37, a PEG ratio of 1.28 and a beta of 0.37.

Sonoco Products (NYSE:SON) last posted its earnings results on Wednesday, July 22nd. The industrial products company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.04. Sonoco Products had a return on equity of 16.50% and a net margin of 8.41%.The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the previous year, the business earned $1.37 earnings per share. The firm’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. Equities research analysts anticipate that Sonoco Products Company will post 5.8 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. Stockholders of record on Monday, August 10th will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Monday, August 10th. Sonoco Products’s dividend payout ratio is currently 34.34%.

Sonoco Products Company Profile

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.