Atlas FRM LLC Acquires Shares of 50,000 Sonoco Products Company $SON

Atlas FRM LLC purchased a new position in Sonoco Products Company (NYSE:SON - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 50,000 shares of the industrial products company's stock, valued at approximately $2,817,500. Sonoco Products comprises about 0.0% of Atlas FRM LLC's holdings, making the stock its 23rd biggest position. Atlas FRM LLC owned approximately 0.05% of Sonoco Products as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the business. SBI Securities Co. Ltd. lifted its position 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 last quarter. WPG Advisers LLC grew its stake in shares of Sonoco Products by 93.1% in the 1st 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 last quarter. LRI Investments LLC acquired a new position in shares of Sonoco Products in the 4th quarter worth approximately $29,000. Larson Financial Group LLC grew its stake in shares of 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 purchasing an additional 950 shares during the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new position in shares of Sonoco Products in the fourth quarter worth approximately $47,000. 77.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on SON shares. Truist Financial lifted their target price 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. Wall Street Zen cut shares of Sonoco Products from a "buy" rating to a "hold" rating in a report on Saturday, May 2nd. Citigroup raised their price target on shares of Sonoco Products from $63.00 to $66.00 and gave the stock a "buy" rating in a report on Thursday, July 9th. Weiss Ratings upgraded shares of Sonoco Products from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday. Finally, Bank of America lifted their target price 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. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $61.78.

Sonoco Products Trading Down 0.2%

Shares of Sonoco Products stock opened at $56.60 on Friday. The firm has a market capitalization of $5.60 billion, a PE ratio of 9.00, a price-to-earnings-growth ratio of 1.20 and a beta of 0.37. 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 company's fifty day moving average price is $56.49 and its two-hundred day moving average price is $53.67. Sonoco Products Company has a 52-week low of $38.65 and a 52-week high of $60.67.

Sonoco Products (NYSE:SON - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.04. The firm 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 for the quarter was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.37 EPS. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. On average, analysts expect that Sonoco Products Company will post 5.8 EPS for the current year.

Sonoco Products Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Monday, August 10th. Sonoco Products's payout ratio is 34.34%.

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.