D.B. Root & Company LLC Makes New Investment in Sonoco Products Company $SON

D.B. Root & Company LLC acquired a new position in shares of Sonoco Products Company (NYSE:SON) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 13,278 shares of the industrial products company’s stock, valued at approximately $748,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. increased its stake 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 purchasing an additional 258 shares during the period. LRI Investments LLC bought a new stake in Sonoco Products in the 4th quarter valued at $29,000. WPG Advisers LLC grew its holdings 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 buying an additional 295 shares in the last quarter. Larson Financial Group LLC grew its holdings 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 buying an additional 950 shares in the last quarter. Finally, Cullen Frost Bankers Inc. bought a new position in Sonoco Products during the 4th quarter worth $47,000. Institutional investors and hedge funds own 77.69% of the company’s stock.

Analyst Upgrades and Downgrades

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

Sonoco Products Price Performance

Shares of NYSE SON opened at $59.51 on Monday. The business has a fifty day moving average price of $55.83 and a two-hundred day moving average price of $53.46. The stock 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. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.99 and a quick ratio of 0.55. Sonoco Products Company has a fifty-two week low of $38.65 and a fifty-two week high of $60.67.

Sonoco Products (NYSE:SON) last released its earnings results on Wednesday, July 22nd. The industrial products company reported $1.51 earnings per share (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 company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the firm posted $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. As a group, equities analysts predict that Sonoco Products Company will post 5.8 earnings per share for the current fiscal year.

Sonoco Products Dividend Announcement

The company also recently disclosed 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 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%.

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.