ProShare Advisors LLC Has $34.63 Million Stake in Sonoco Products Company $SON

ProShare Advisors LLC increased its position in Sonoco Products Company (NYSE:SON) by 10.5% in the fourth quarter, HoldingsChannel reports. The firm owned 793,571 shares of the industrial products company’s stock after acquiring an additional 75,092 shares during the period. ProShare Advisors LLC’s holdings in Sonoco Products were worth $34,631,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SON. Savant Capital LLC boosted its stake in shares of Sonoco Products by 415.0% during the 3rd quarter. Savant Capital LLC now owns 37,875 shares of the industrial products company’s stock valued at $1,632,000 after buying an additional 30,520 shares during the period. AlphaQuest LLC boosted its stake in shares of Sonoco Products by 1,237.0% during the 3rd quarter. AlphaQuest LLC now owns 24,079 shares of the industrial products company’s stock valued at $1,038,000 after buying an additional 22,278 shares during the period. DAVENPORT & Co LLC boosted its stake in shares of Sonoco Products by 202.0% during the 4th quarter. DAVENPORT & Co LLC now owns 31,053 shares of the industrial products company’s stock valued at $1,355,000 after buying an additional 20,771 shares during the period. Allianz Asset Management GmbH boosted its stake in shares of Sonoco Products by 46.2% during the 3rd quarter. Allianz Asset Management GmbH now owns 81,728 shares of the industrial products company’s stock valued at $3,522,000 after buying an additional 25,836 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Sonoco Products during the 3rd quarter valued at $1,556,000. Institutional investors and hedge funds own 77.69% of the company’s stock.

Insider Buying and Selling

In other news, CFO Paul Joachimczyk bought 8,058 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The shares were purchased at an average price of $49.64 per share, for a total transaction of $399,999.12. Following the acquisition, the chief financial officer directly owned 28,558 shares of the company’s stock, valued at $1,417,619.12. The trade was a 39.31% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider James A. Harrell III bought 6,753 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The stock was purchased at an average price of $50.37 per share, for a total transaction of $340,148.61. Following the acquisition, the insider directly owned 10,070 shares in the company, valued at approximately $507,225.90. This trade represents a 203.59% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.98% of the company’s stock.

Sonoco Products Stock Performance

Shares of SON opened at $46.34 on Wednesday. The company has a market capitalization of $4.58 billion, a PE ratio of 4.54, a price-to-earnings-growth ratio of 0.98 and a beta of 0.40. Sonoco Products Company has a one year low of $38.65 and a one year high of $58.44. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.96 and a quick ratio of 0.54. The company’s fifty day moving average price is $52.48 and its 200 day moving average price is $48.48.

Sonoco Products (NYSE:SON) last announced its earnings results on Tuesday, April 21st. The industrial products company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.37). The firm had revenue of $1.68 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 13.57%.The business’s revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.38 EPS. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. As a group, analysts expect that Sonoco Products Company will post 5.81 earnings per share for the current year.

Sonoco Products Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be issued a $0.54 dividend. This is a boost from Sonoco Products’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, May 8th. This represents a $2.16 annualized dividend and a yield of 4.7%. Sonoco Products’s payout ratio is 21.18%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SON shares. Bank of America reissued a “buy” rating on shares of Sonoco Products in a research note on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft started coverage on shares of Sonoco Products in a research note on Wednesday, April 1st. They set a “buy” rating and a $63.00 target price for the company. Citigroup decreased their target price on shares of Sonoco Products from $70.00 to $63.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Wall Street Zen lowered shares of Sonoco Products from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings lowered shares of Sonoco Products from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday. Five investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $60.11.

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.