Sanctuary Advisors LLC Purchases New Stake in Sonoco Products Company $SON

Sanctuary Advisors LLC acquired a new position in shares of Sonoco Products Company (NYSE:SON) in the second quarter, HoldingsChannel.com reports. The firm acquired 25,503 shares of the industrial products company’s stock, valued at approximately $1,437,000.

Other large investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Sonoco Products by 44.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,093 shares of the industrial products company’s stock worth $2,319,000 after buying an additional 15,079 shares during the period. Goldman Sachs Group Inc. lifted its position in Sonoco Products by 80.8% during the first quarter. Goldman Sachs Group Inc. now owns 206,493 shares of the industrial products company’s stock worth $9,755,000 after acquiring an additional 92,286 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Sonoco Products by 14.1% during the first quarter. Empowered Funds LLC now owns 11,058 shares of the industrial products company’s stock worth $522,000 after acquiring an additional 1,364 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Sonoco Products by 87.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 545,179 shares of the industrial products company’s stock worth $25,754,000 after acquiring an additional 255,055 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in shares of Sonoco Products by 315.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,587 shares of the industrial products company’s stock valued at $69,000 after purchasing an additional 1,205 shares during the last quarter. 77.69% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SON. Bank of America increased their target price on Sonoco Products from $65.00 to $69.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Wall Street Zen cut Sonoco Products from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings raised Sonoco Products from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. 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. Finally, Truist Financial upped their price target on shares of Sonoco Products from $64.00 to $68.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Five analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $61.78.

Sonoco Products Trading Down 0.7%

Shares of SON stock opened at $57.48 on Thursday. The stock has a market cap of $5.68 billion, a P/E ratio of 9.14, a price-to-earnings-growth ratio of 1.22 and a beta of 0.37. Sonoco Products Company has a 1 year low of $38.65 and a 1 year high of $60.67. The company has a current ratio of 0.99, a quick ratio of 0.55 and a debt-to-equity ratio of 0.97. The stock has a 50 day simple moving average of $56.25 and a 200 day simple moving average of $53.62.

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 analysts’ consensus estimates of $1.47 by $0.04. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. Sonoco Products had a return on equity of 16.50% and a net margin of 8.41%.The company’s revenue was down 1.3% on a year-over-year basis. During the same quarter last year, the company earned $1.37 EPS. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. On average, research 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. Investors of record on Monday, August 10th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $2.16 annualized dividend and a yield of 3.8%. 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.