United Capital Financial Advisors LLC Purchases Shares of 16,880 Sonoco Products Company $SON

United Capital Financial Advisors LLC purchased a new position in Sonoco Products Company (NYSE:SON) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 16,880 shares of the industrial products company’s stock, valued at approximately $951,000.

Several other institutional investors and hedge funds have also made changes to their positions in SON. SBI Securities Co. Ltd. raised its stake in shares of Sonoco Products by 77.7% in the fourth quarter. SBI Securities Co. Ltd. now owns 590 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 258 shares during the last quarter. WPG Advisers LLC lifted its holdings in shares of Sonoco Products by 93.1% during 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 purchased a new stake in Sonoco Products in the fourth quarter valued at approximately $29,000. Larson Financial Group LLC increased its holdings in Sonoco Products by 1,826.9% in the 3rd 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 period. Finally, Cullen Frost Bankers Inc. acquired a new stake in Sonoco Products during the 4th quarter worth about $47,000. 77.69% of the stock is currently owned by institutional investors and hedge funds.

Sonoco Products Stock Up 0.2%

Sonoco Products stock opened at $56.60 on Monday. The company has a market capitalization of $5.60 billion, a PE ratio of 9.00, a price-to-earnings-growth ratio of 1.19 and a beta of 0.37. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.55 and a current ratio of 0.99. Sonoco Products Company has a fifty-two week low of $38.65 and a fifty-two week high of $60.67. The firm has a 50 day moving average price of $56.49 and a 200 day moving average price of $53.69.

Sonoco Products (NYSE:SON) last released its earnings results on Wednesday, July 22nd. The industrial products company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.04. The company had revenue of $1.89 billion during 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 8.41%.Sonoco Products’s revenue was down 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.37 EPS. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. Research analysts expect that Sonoco Products Company will post 5.8 earnings per share for the current year.

Sonoco Products Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently commented on SON shares. Bank of America boosted their price objective on Sonoco Products from $65.00 to $69.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Truist Financial boosted their price target on shares of Sonoco Products from $64.00 to $68.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Weiss Ratings raised shares of Sonoco Products from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. Finally, Citigroup increased their price objective on shares of Sonoco Products from $63.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $61.78.

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.