Sonoco Products Company (SON) – What Are Researchers Saying About This Stock?

Shares of Sonoco Products Company (NYSE:SON) have been given an average recommendation of “Hold” by the twelve brokerages that are currently covering the company, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $59.89.

Several research firms have issued reports on SON. Weiss Ratings cut Sonoco Products from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, September 11th. Citigroup lifted their price target on Sonoco Products from $63.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Truist Financial upped their price objective on Sonoco Products from $64.00 to $68.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Bank of America cut Sonoco Products from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $69.00 to $60.00 in a research report on Thursday, September 3rd. Finally, UBS Group reduced their target price on Sonoco Products from $61.00 to $51.00 and set a “neutral” rating for the company in a report on Monday, October 5th.

Institutional Trading of Sonoco Products

A number of institutional investors have recently added to or reduced their stakes in SON. BlackRock Inc. purchased a new position in Sonoco Products in the 2nd quarter valued at approximately $657,016,000. Bank of America Corp DE purchased a new stake in Sonoco Products during the second quarter worth $204,968,000. Norges Bank acquired a new stake in Sonoco Products in the fourth quarter valued at $54,611,000. Bank of New York Mellon Corp purchased a new position in shares of Sonoco Products in the second quarter valued at $60,793,000. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Sonoco Products by 236.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 732,088 shares of the industrial products company’s stock valued at $39,599,000 after buying an additional 514,289 shares in the last quarter. Hedge funds and other institutional investors own 77.69% of the company’s stock.

Sonoco Products Stock Down 0.9%

SON stock opened at $47.95 on Monday. The stock has a market capitalization of $4.74 billion, a PE ratio of 7.62, a price-to-earnings-growth ratio of 1.23 and a beta of 0.35. The company has a fifty day moving average of $52.98 and a 200-day moving average of $52.80. 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 has a one year low of $38.65 and a one year high of $60.67.

Sonoco Products (NYSE:SON) last issued its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.04. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. Sonoco Products had a net margin of 8.41% and a return on equity of 16.50%. The business’s revenue was down 1.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.37 earnings per share. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. As a group, analysts expect that Sonoco Products will post 5.75 EPS for the current year.

Sonoco Products Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 10th were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Monday, August 10th. Sonoco Products’s dividend payout ratio (DPR) is currently 34.34%.

About Sonoco Products

Sonoco Products Company (NYSE:SON) is a global packaging company headquartered in Hartsville, South Carolina. Founded in 1899 as the Southern Novelty Company, Sonoco has developed into a diversified provider of packaging products and services for consumer and industrial markets.

The company produces consumer packaging such as rigid paper and plastic containers, metal cans, flexible packaging, thermoformed packaging, closures, and packaging displays. Its industrial packaging activities include paper tubes and cores, protective packaging, molded foam products, pallets, and other materials used to protect, store, and transport goods.