Benjamin Edwards Inc. Buys Shares of 18,600 Sonoco Products Company $SON

Key Points

• Benjamin Edwards Inc. bought 18,600 Sonoco Products shares worth approximately $1.05 million, while institutional investors collectively own 77.69% of the company.
• Analysts remain generally positive, with a consensus “Moderate Buy” rating and a $61.78 price target; several firms recently raised their targets to between $66 and $69.
• Sonoco exceeded quarterly earnings and revenue expectations, while maintaining fiscal 2026 EPS guidance of $5.80–$6.20 and declaring a $0.54 quarterly dividend, representing a 4.0% annualized yield.

Benjamin Edwards Inc. bought a new position in Sonoco Products Company (NYSE:SON - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 18,600 shares of the industrial products company's stock, valued at approximately $1,048,000.

Several other large investors also recently made changes to their positions in SON. BlackRock Inc. acquired a new position in shares of Sonoco Products during the second quarter worth approximately $657,016,000. Fuller & Thaler Asset Management Inc. increased its position in Sonoco Products by 477.8% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 5,901,950 shares of the industrial products company's stock valued at $257,561,000 after acquiring an additional 4,880,438 shares during the period. Bank of America Corp DE acquired a new stake in Sonoco Products in the 2nd quarter valued at approximately $204,968,000. AQR Capital Management LLC raised its stake in Sonoco Products by 357.8% during the 3rd quarter. AQR Capital Management LLC now owns 2,117,022 shares of the industrial products company's stock valued at $90,693,000 after acquiring an additional 1,654,576 shares in the last quarter. Finally, Norges Bank acquired a new position in Sonoco Products during the 4th quarter worth $54,611,000. Institutional investors and hedge funds own 77.69% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on SON shares. Citigroup raised their price target on Sonoco Products from $63.00 to $66.00 and gave the company a "buy" rating in a report on Thursday, July 9th. Truist Financial increased their target price on shares of Sonoco Products from $64.00 to $68.00 and gave the company a "buy" rating in a research report on Friday, July 24th. Bank of America boosted their price target on shares of Sonoco Products from $65.00 to $69.00 and gave the stock a "buy" rating in a research report on Tuesday, July 14th. Finally, Weiss Ratings upgraded Sonoco Products from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, August 26th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Sonoco Products presently has a consensus rating of "Moderate Buy" and a consensus target price of $61.78.

Sonoco Products Stock Down 1.8%

NYSE SON opened at $54.14 on Wednesday. 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 50 day simple moving average is $56.65 and its 200 day simple moving average is $53.74. Sonoco Products Company has a 12 month low of $38.65 and a 12 month high of $60.67. The company 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 posted its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $1.51 earnings per share (EPS) for the quarter, topping 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 firm's quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter 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. Equities research analysts expect that Sonoco Products Company will post 5.8 earnings per share 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. Investors of record on Monday, August 10th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $2.16 dividend on an annualized basis and a yield of 4.0%. Sonoco Products's dividend payout ratio (DPR) is currently 34.34%.

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.

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