Sonoco Products Company (NYSE:SON) Given Average Rating of “Hold” by Analysts

Sonoco Products Company (NYSE:SON) has earned a consensus recommendation of “Hold” from the twelve ratings firms that are currently covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $61.7778.

Several equities research analysts recently issued reports on SON shares. Citigroup increased their target price on shares of Sonoco Products from $63.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Weiss Ratings raised shares of Sonoco Products from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Wall Street Zen lowered shares of Sonoco Products from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Truist Financial increased their price objective on shares of Sonoco Products from $64.00 to $68.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Finally, Bank of America raised their price objective on shares of Sonoco Products from $65.00 to $69.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th.

Sonoco Products Stock Performance

NYSE:SON opened at $59.51 on Friday. The stock has a 50-day simple moving average of $55.83 and a two-hundred day simple moving average of $53.43. Sonoco Products has a 52-week low of $38.65 and a 52-week high of $60.67. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.55 and a current ratio of 0.99. The firm has a market capitalization of $5.88 billion, a PE ratio of 9.46, a P/E/G ratio of 1.26 and a beta of 0.37.

Sonoco Products (NYSE:SON) last posted its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.47 by $0.04. Sonoco Products had a return on equity of 16.50% and a net margin of 8.41%.The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the company earned $1.37 earnings per share. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. Analysts forecast that Sonoco Products will post 5.8 EPS for the current year.

Sonoco Products Announces Dividend

The firm also recently declared 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. This represents a $2.16 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Monday, August 10th. Sonoco Products’s dividend payout ratio is presently 34.34%.

Institutional Investors Weigh In On Sonoco Products

A number of institutional investors have recently added to or reduced their stakes in SON. BlackRock Inc. bought a new stake in shares of Sonoco Products during the second quarter valued at approximately $657,016,000. Fuller & Thaler Asset Management Inc. boosted its position in shares of Sonoco Products by 477.8% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 5,901,950 shares of the industrial products company’s stock worth $257,561,000 after acquiring an additional 4,880,438 shares during the last quarter. State Street Corp grew its stake in Sonoco Products by 0.3% during the second quarter. State Street Corp now owns 4,470,449 shares of the industrial products company’s stock valued at $194,733,000 after acquiring an additional 13,161 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Sonoco Products by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 3,931,180 shares of the industrial products company’s stock valued at $212,632,000 after acquiring an additional 32,810 shares in the last quarter. Finally, Bank of America Corp DE purchased a new position in Sonoco Products during the second quarter valued at $204,968,000. 77.69% of the stock is owned by hedge funds and other institutional investors.

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.