Ancora Advisors LLC Acquires 188,604 Shares of Sonoco Products Company $SON

Key Points

• Ancora Advisors increased its Sonoco Products stake by 774.5% in the second quarter, acquiring 188,604 additional shares for a total holding of 212,955 shares valued at approximately $12 million. Institutional investors collectively own 77.69% of the company.
• Sonoco reported quarterly EPS of $1.51, exceeding analysts’ $1.47 estimate, while revenue of $1.89 billion slightly topped expectations but declined 1.3% year over year. The company guided to fiscal 2026 EPS of $5.80–$6.20.
• The company declared a quarterly dividend of $0.54 per share, equivalent to $2.16 annually and a 4.0% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $61.78, compared with shares recently trading at $54.14.

Ancora Advisors LLC increased its holdings in Sonoco Products Company (NYSE:SON - Free Report) by 774.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 212,955 shares of the industrial products company's stock after buying an additional 188,604 shares during the period. Ancora Advisors LLC owned 0.22% of Sonoco Products worth $12,000,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Baker Ellis Asset Management LLC grew its holdings in Sonoco Products by 3.9% during the 1st quarter. Baker Ellis Asset Management LLC now owns 5,307 shares of the industrial products company's stock valued at $287,000 after buying an additional 201 shares in the last quarter. Powell Investment Advisors LLC lifted its stake in Sonoco Products by 1.0% in the 4th quarter. Powell Investment Advisors LLC now owns 20,718 shares of the industrial products company's stock worth $904,000 after purchasing an additional 203 shares in the last quarter. IFP Advisors Inc lifted its stake in Sonoco Products by 8.6% in the 4th quarter. IFP Advisors Inc now owns 2,996 shares of the industrial products company's stock worth $131,000 after purchasing an additional 237 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Sonoco Products by 11.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,476 shares of the industrial products company's stock valued at $134,000 after purchasing an additional 249 shares during the period. Finally, SBI Securities Co. Ltd. boosted its holdings in Sonoco Products by 77.7% in 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 period. Institutional investors own 77.69% of the company's stock.

Sonoco Products Stock Down 1.8%

Shares of NYSE SON opened at $54.14 on Wednesday. Sonoco Products Company has a one year low of $38.65 and a one year high of $60.67. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.99 and a quick ratio of 0.55. The firm's 50 day simple moving average is $56.65 and its two-hundred day simple moving average is $53.74. The stock has a market capitalization of $5.35 billion, a P/E ratio of 8.61, a PEG ratio of 1.17 and a beta of 0.36.

Sonoco Products (NYSE:SON - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $1.51 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the previous year, the business posted $1.37 EPS. The business's quarterly 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. As a group, analysts expect that Sonoco Products Company will post 5.8 EPS for the current fiscal year.

Sonoco Products Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Monday, August 10th. Sonoco Products's payout ratio is 34.34%.

Analysts Set New Price Targets

Several research firms recently issued reports on SON. Bank of America lifted their price objective on Sonoco Products from $65.00 to $69.00 and gave the company a "buy" rating in a research note on Tuesday, July 14th. Truist Financial lifted their price target on Sonoco Products from $64.00 to $68.00 and gave the company a "buy" rating in a research report on Friday, July 24th. Citigroup boosted their price objective on Sonoco Products from $63.00 to $66.00 and gave the stock a "buy" rating in a report on Thursday, July 9th. Finally, Weiss Ratings upgraded shares of Sonoco Products from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, August 26th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price 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.

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