Landscape Capital Management L.L.C. Makes New Investment in Sonoco Products Company $SON

Landscape Capital Management L.L.C. purchased a new stake in Sonoco Products Company (NYSE:SON) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 17,119 shares of the industrial products company’s stock, valued at approximately $965,000.

Several other large investors also recently made changes to their positions in the business. SBI Securities Co. Ltd. grew its stake in shares of Sonoco Products by 77.7% in the 4th 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 stake in Sonoco Products during the fourth quarter valued at approximately $29,000. WPG Advisers LLC boosted its holdings in Sonoco Products by 93.1% during the first quarter. WPG Advisers LLC now owns 612 shares of the industrial products company’s stock worth $33,000 after buying an additional 295 shares in the last quarter. Larson Financial Group LLC boosted its holdings in Sonoco Products by 1,826.9% during the third quarter. Larson Financial Group LLC now owns 1,002 shares of the industrial products company’s stock worth $43,000 after buying an additional 950 shares in the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new position in Sonoco Products in the fourth quarter worth approximately $47,000. Institutional investors own 77.69% of the company’s stock.

Sonoco Products Price Performance

SON opened at $59.51 on Monday. The firm has a market capitalization of $5.88 billion, a P/E ratio of 9.46, a PEG ratio of 1.26 and a beta of 0.37. The stock has a fifty day moving average of $55.83 and a 200-day moving average of $53.46. 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 Company has a 12-month low of $38.65 and a 12-month high of $60.67.

Sonoco Products (NYSE:SON) last issued its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.04. The business had revenue of $1.89 billion for 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 8.41%.Sonoco Products’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.37 earnings per share. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. Equities analysts forecast that Sonoco Products Company will post 5.8 EPS for the current fiscal year.

Sonoco Products Announces Dividend

The firm 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 dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Monday, August 10th. Sonoco Products’s payout ratio is 34.34%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SON. Citigroup increased their price objective on Sonoco Products from $63.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Truist Financial lifted their target price on Sonoco Products from $64.00 to $68.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Bank of America boosted their target price on Sonoco Products from $65.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Wall Street Zen downgraded Sonoco Products from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Weiss Ratings upgraded Sonoco Products from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 3rd. Five analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $61.78.

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.