John Florence Sells 261 Shares of Sonoco Products (NYSE:SON) Stock

Sonoco Products Company (NYSE:SON) VP John Florence sold 261 shares of Sonoco Products stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $58.56, for a total transaction of $15,284.16. Following the transaction, the vice president directly owned 15,795 shares of the company’s stock, valued at $924,955.20. This represents a 1.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Sonoco Products Price Performance

Shares of Sonoco Products stock opened at $56.45 on Friday. 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 market capitalization of $5.58 billion, a price-to-earnings ratio of 8.97, a P/E/G ratio of 1.19 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 firm’s 50-day moving average price is $53.20 and its two-hundred day moving average price is $52.42.

Sonoco Products (NYSE:SON) last posted its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $1.51 earnings per share for the quarter, topping 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 company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the business posted $1.37 earnings per share. The company’s 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. On average, equities analysts predict that Sonoco Products Company will post 5.8 earnings per share for the current fiscal year.

Sonoco Products Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Monday, August 10th. Sonoco Products’s dividend payout ratio (DPR) is currently 34.34%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Truist Financial boosted their price objective on Sonoco Products from $64.00 to $68.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Citigroup raised their target price on Sonoco Products from $63.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Argus raised Sonoco Products to a “hold” rating in a report on Monday, April 20th. Weiss Ratings lowered shares of Sonoco Products from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, July 20th. Finally, Wall Street Zen cut shares of Sonoco Products from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Five investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $61.78.

Institutional Investors Weigh In On Sonoco Products

Several hedge funds and other institutional investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. lifted 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 valued at $26,000 after acquiring an additional 258 shares during the period. WPG Advisers LLC increased its position in Sonoco Products by 93.1% in the first quarter. WPG Advisers LLC now owns 612 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 295 shares during the period. LRI Investments LLC bought a new stake in Sonoco Products during the 4th quarter worth about $29,000. Larson Financial Group LLC lifted its position in Sonoco Products by 1,826.9% during 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 period. 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 owned by institutional investors and hedge funds.

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.