Sonoco Products Company $SON Shares Acquired by LSV Asset Management

LSV Asset Management boosted its holdings in Sonoco Products Company (NYSE:SON) by 95.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,563,390 shares of the industrial products company’s stock after purchasing an additional 764,590 shares during the period. LSV Asset Management’s holdings in Sonoco Products were worth $68,226,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SON. AQR Capital Management LLC boosted its holdings in Sonoco Products by 357.8% in the third quarter. AQR Capital Management LLC now owns 2,117,022 shares of the industrial products company’s stock valued at $90,693,000 after purchasing an additional 1,654,576 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Sonoco Products by 10,238.5% in the fourth quarter. SG Americas Securities LLC now owns 728,138 shares of the industrial products company’s stock valued at $31,776,000 after purchasing an additional 721,095 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in Sonoco Products in the second quarter valued at about $11,569,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Sonoco Products by 87.9% in 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 valued at $25,754,000 after purchasing an additional 255,055 shares during the last quarter. Finally, Amundi purchased a new position in Sonoco Products in the third quarter valued at about $10,369,000. Hedge funds and other institutional investors own 77.69% of the company’s stock.

Sonoco Products Stock Performance

Shares of NYSE SON opened at $49.38 on Friday. The stock has a fifty day moving average price of $52.21 and a two-hundred day moving average price of $48.61. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.54 and a current ratio of 0.96. The firm has a market cap of $4.88 billion, a P/E ratio of 4.84, a PEG ratio of 1.04 and a beta of 0.40. Sonoco Products Company has a 1 year low of $38.65 and a 1 year high of $58.44.

Sonoco Products (NYSE:SON) last released its quarterly earnings data on Tuesday, April 21st. The industrial products company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.37). The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.88 billion. Sonoco Products had a return on equity of 16.50% and a net margin of 13.57%.The business’s revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.38 earnings per share. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. Research analysts forecast that Sonoco Products Company will post 5.81 EPS for the current fiscal year.

Sonoco Products Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th will be issued a $0.54 dividend. The ex-dividend date is Friday, May 8th. This is an increase from Sonoco Products’s previous quarterly dividend of $0.53. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.4%. Sonoco Products’s dividend payout ratio is currently 21.18%.

Insider Activity

In other news, insider Ernest D. Haynes III sold 1,581 shares of the stock in a transaction on Friday, February 27th. The stock was sold at an average price of $56.39, for a total value of $89,152.59. Following the completion of the sale, the insider owned 9,377 shares in the company, valued at $528,769.03. This represents a 14.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider James A. Harrell III bought 6,753 shares of Sonoco Products stock in a transaction dated Monday, April 27th. The stock was acquired at an average price of $50.37 per share, with a total value of $340,148.61. Following the acquisition, the insider directly owned 10,070 shares of the company’s stock, valued at approximately $507,225.90. This represents a 203.59% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SON shares. UBS Group reduced their price target on Sonoco Products from $62.00 to $59.00 and set a “neutral” rating for the company in a report on Friday, April 10th. Truist Financial restated a “buy” rating and set a $65.00 price objective (down from $68.00) on shares of Sonoco Products in a research note on Tuesday, April 28th. Wall Street Zen cut Sonoco Products from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Wells Fargo & Company cut their price objective on Sonoco Products from $60.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Friday, March 20th. Finally, Bank of America restated a “buy” rating on shares of Sonoco Products in a research note on Wednesday, April 22nd. Five equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Sonoco Products has a consensus rating of “Hold” and an average target price of $60.11.

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.