Ancora Advisors LLC Acquires Shares of 212,955 Sonoco Products Company $SON

Key Points

• Ancora Advisors acquired 212,955 Sonoco Products shares worth approximately $12 million, representing about 0.22% of the company. Institutional investors and hedge funds collectively own 77.69% of Sonoco’s stock.
• Sonoco reported quarterly earnings of $1.51 per share, exceeding the $1.47 consensus estimate, while revenue reached $1.89 billion. The company guided for fiscal 2026 EPS of $5.80–$6.20.
• Sonoco declared a quarterly dividend of $0.54 per share, or $2.16 annualized, yielding approximately 3.7%. Analysts’ average rating is “Hold,” with a consensus price target of $61.78.

Ancora Advisors LLC purchased a new stake in Sonoco Products Company (NYSE:SON - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 212,955 shares of the industrial products company's stock, valued at approximately $12,000,000. Ancora Advisors LLC owned about 0.22% of Sonoco Products as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. increased its position in shares of Sonoco Products by 77.7% during the fourth quarter. SBI Securities Co. Ltd. now owns 590 shares of the industrial products company's stock worth $26,000 after buying an additional 258 shares during the period. LRI Investments LLC bought a new stake in Sonoco Products in the fourth quarter worth approximately $29,000. WPG Advisers LLC lifted its stake in Sonoco Products by 93.1% in the first quarter. WPG Advisers LLC now owns 612 shares of the industrial products company's stock valued at $33,000 after buying an additional 295 shares during the period. Larson Financial Group LLC lifted its stake in 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 valued at $43,000 after buying an additional 950 shares during the period. Finally, Cullen Frost Bankers Inc. bought a new position in shares of Sonoco Products during the 4th quarter worth approximately $47,000. 77.69% of the stock is currently owned by institutional investors and hedge funds.

Sonoco Products Price Performance

Shares of NYSE SON opened at $57.84 on Wednesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.55 and a current ratio of 0.99. The firm's 50-day simple moving average is $56.11 and its 200 day simple moving average is $53.57. The stock has a market cap of $5.72 billion, a price-to-earnings ratio of 9.20, a PEG ratio of 1.21 and a beta of 0.37. Sonoco Products Company has a fifty-two week low of $38.65 and a fifty-two week high of $60.67.

Sonoco Products (NYSE:SON - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.47 by $0.04. Sonoco Products had a return on equity of 16.50% and a net margin of 8.41%.The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the prior year, the business posted $1.37 earnings per share. The company's quarterly revenue was down 1.3% compared to the same quarter last year. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. As a group, research analysts anticipate that Sonoco Products Company will post 5.8 earnings per share for the current fiscal year.

Sonoco Products Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Monday, August 10th. Sonoco Products's payout ratio is currently 34.34%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Truist Financial lifted their price objective on shares of Sonoco Products from $64.00 to $68.00 and gave the company a "buy" rating in a research note on Friday, July 24th. Wall Street Zen cut shares of Sonoco Products from a "buy" rating to a "hold" rating in a report on Saturday, May 2nd. Bank of America lifted their price target on shares of Sonoco Products from $65.00 to $69.00 and gave the company a "buy" rating in a research note on Tuesday, July 14th. Citigroup upped 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. Finally, Weiss Ratings raised Sonoco Products from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, August 3rd. Five 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 company presently has an average rating of "Hold" and a consensus 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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