24,943 Shares in Sonoco Products Company $SON Bought by Dean Capital Management

Dean Capital Management bought a new position in Sonoco Products Company (NYSE:SON) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 24,943 shares of the industrial products company’s stock, valued at approximately $1,349,000.

Other hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. grew its position 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 acquiring an additional 258 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of Sonoco Products in the 4th quarter worth about $29,000. WPG Advisers LLC lifted its position in Sonoco Products by 93.1% in the 1st 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. Larson Financial Group LLC lifted its position in Sonoco Products by 1,826.9% in the 3rd quarter. Larson Financial Group LLC now owns 1,002 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 950 shares during the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new position in Sonoco Products during the 4th quarter valued at about $47,000. 77.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. UBS Group decreased their target price on shares of Sonoco Products from $62.00 to $59.00 and set a “neutral” rating for the company in a research report on Friday, April 10th. Weiss Ratings cut Sonoco Products from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, July 20th. Argus upgraded Sonoco Products to a “hold” rating in a research report on Monday, April 20th. Bank of America increased their price objective on Sonoco Products from $65.00 to $69.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Finally, Citigroup raised their target price on Sonoco Products from $63.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Five analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $61.78.

Sonoco Products Stock Performance

SON stock opened at $58.27 on Monday. The company has a 50-day simple moving average of $52.16 and a 200 day simple moving average of $52.05. The company has a market capitalization of $5.76 billion, a P/E ratio of 9.26, a PEG ratio of 1.27 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 Company has a fifty-two week low of $38.65 and a fifty-two week high of $58.62.

Sonoco Products (NYSE:SON) last released its earnings results on Wednesday, July 22nd. The industrial products company reported $1.51 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $1.88 billion. During the same quarter last year, the company earned $1.37 EPS. Sonoco Products’s quarterly revenue was down 1.3% on a year-over-year basis. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. Sell-side analysts predict that Sonoco Products Company will post 5.79 earnings per share for the current fiscal year.

Sonoco Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be issued a $0.54 dividend. The ex-dividend date is Monday, August 10th. This represents a $2.16 annualized dividend and a dividend yield of 3.7%. Sonoco Products’s dividend payout ratio (DPR) is 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.