Sonoco Products Co. (NYSE:SON) has been assigned an average rating of “Hold” from the twelve ratings firms that are presently covering the stock. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $45.67.

A number of research firms have recently weighed in on SON. Deutsche Bank AG set a $42.00 target price on Sonoco Products and gave the company a “hold” rating in a research report on Sunday, July 24th. Barclays PLC upped their target price on Sonoco Products from $40.00 to $44.00 and gave the company an “underweight” rating in a research report on Monday, July 25th. Jefferies Group reiterated a “hold” rating on shares of Sonoco Products in a research report on Tuesday, May 24th. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a $50.00 target price on shares of Sonoco Products in a research report on Wednesday, June 1st. Finally, BMO Capital Markets reiterated a “hold” rating and set a $46.00 target price on shares of Sonoco Products in a research report on Friday, July 22nd.

Shares of Sonoco Products (NYSE:SON) traded up 0.94% during mid-day trading on Monday, hitting $52.37. The stock had a trading volume of 151,912 shares. Sonoco Products has a 1-year low of $36.56 and a 1-year high of $53.16. The company has a market capitalization of $5.25 billion, a P/E ratio of 24.82 and a beta of 1.06. The stock’s 50-day moving average price is $51.49 and its 200 day moving average price is $48.80.

Sonoco Products (NYSE:SON) last released its earnings results on Thursday, July 21st. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. The firm earned $1.21 billion during the quarter, compared to the consensus estimate of $1.26 billion. Sonoco Products had a return on equity of 17.66% and a net margin of 4.37%. The company’s revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.68 EPS. On average, analysts predict that Sonoco Products will post $2.72 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 12th were issued a $0.37 dividend. The ex-dividend date was Wednesday, August 10th. This represents a $1.48 dividend on an annualized basis and a yield of 2.85%. Sonoco Products’s payout ratio is presently 69.81%.

In other Sonoco Products news, VP James A. Harrell III sold 1,000 shares of the company’s stock in a transaction dated Thursday, June 30th. The stock was sold at an average price of $49.00, for a total value of $49,000.00. Following the completion of the transaction, the vice president now owns 4,811 shares of the company’s stock, valued at approximately $235,739. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Mancil J. Sanders sold 16,254 shares of the company’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $52.00, for a total value of $845,208.00. Following the completion of the transaction, the chief executive officer now directly owns 187,296 shares of the company’s stock, valued at approximately $9,739,392. The disclosure for this sale can be found here. 1.90% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of SON. Goldman Sachs Group Inc. boosted its stake in shares of Sonoco Products by 103.2% in the first quarter. Goldman Sachs Group Inc. now owns 648,351 shares of the company’s stock valued at $31,491,000 after buying an additional 329,344 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Sonoco Products by 3.4% in the first quarter. Geode Capital Management LLC now owns 623,175 shares of the company’s stock valued at $30,267,000 after buying an additional 20,426 shares during the last quarter. BlackRock Group LTD boosted its stake in shares of Sonoco Products by 89.3% in the first quarter. BlackRock Group LTD now owns 350,531 shares of the company’s stock valued at $17,025,000 after buying an additional 165,319 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Sonoco Products by 2.7% in the first quarter. Envestnet Asset Management Inc. now owns 27,031 shares of the company’s stock valued at $1,313,000 after buying an additional 716 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Sonoco Products by 0.8% in the first quarter. JPMorgan Chase & Co. now owns 306,877 shares of the company’s stock valued at $14,904,000 after buying an additional 2,561 shares during the last quarter. 69.01% of the stock is owned by institutional investors and hedge funds.

About Sonoco Products

Sonoco Products Company (Sonoco) is a manufacturer of industrial and consumer packaging products and a provider of packaging services. The Company operates in four segments: Consumer Packaging, Paper and Industrial Converted Products, Display and Packaging, and Protective Solutions. Its Consumer Packaging segment’s products and services include round composite cans, aluminum, steel and peelable membrane easy-open closures for composite and metal cans; plastic bottles, cups and trays, and printed flexible packaging and global brand management.

5 Day Chart for NYSE:SON

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