UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 10,791 Shares of Sonoco Products Company $SON

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in Sonoco Products Company (NYSE:SON) by 3.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 311,387 shares of the industrial products company’s stock after selling 10,791 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Sonoco Products were worth $17,547,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. increased its position in shares of Sonoco Products by 77.7% during the 4th quarter. SBI Securities Co. Ltd. now owns 590 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 258 shares during the last quarter. LRI Investments LLC bought a new position in shares of Sonoco Products in the 4th quarter worth approximately $29,000. WPG Advisers LLC boosted its holdings in shares of 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 buying an additional 295 shares during the last quarter. Larson Financial Group LLC boosted its holdings in shares of Sonoco Products by 1,826.9% in the third quarter. Larson Financial Group LLC now owns 1,002 shares of the industrial products company’s stock worth $43,000 after buying an additional 950 shares during the last quarter. Finally, Cullen Frost Bankers Inc. bought a new stake in Sonoco Products during the fourth quarter valued at approximately $47,000. 77.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SON. Citigroup boosted their price objective 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 cut Sonoco Products from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $69.00 to $60.00 in a report on Thursday. Truist Financial boosted their price target on Sonoco Products from $64.00 to $68.00 and gave the company a “buy” rating in a report on Friday, July 24th. Finally, Weiss Ratings upgraded Sonoco Products from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, August 26th. Five research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $60.78.

Sonoco Products Stock Performance

SON opened at $51.95 on Friday. The firm has a market cap of $5.14 billion, a P/E ratio of 8.26, a PEG ratio of 1.23 and a beta of 0.36. Sonoco Products Company has a 1-year low of $38.65 and a 1-year high of $60.67. The company has a 50 day simple moving average of $56.58 and a two-hundred day simple moving average of $53.76. 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 (NYSE:SON) last announced its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $1.51 EPS for the quarter, beating 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 firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the firm earned $1.37 EPS. 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. Equities analysts forecast that Sonoco Products Company will post 5.78 earnings per share for the current fiscal year.

Sonoco Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Monday, August 10th. Sonoco Products’s payout ratio is presently 34.34%.

Sonoco Products 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.