BlackRock Inc. Invests $657.02 Million in Sonoco Products Company $SON

Key Points

• BlackRock acquired 11.66 million Sonoco Products shares worth approximately $657 million, giving it an 11.79% stake. Institutional investors collectively own 77.69% of the company.
• Sonoco exceeded quarterly expectations with adjusted EPS of $1.51 versus the $1.47 consensus and revenue of $1.89 billion, while setting fiscal 2026 EPS guidance at $5.80–$6.20.
• The company declared a quarterly dividend of $0.54, equivalent to $2.16 annually and a 3.6% yield. Analysts remain mixed, with an overall “Hold” rating and a consensus price target of $61.78.

BlackRock Inc. acquired a new stake in shares of Sonoco Products Company (NYSE:SON - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,659,564 shares of the industrial products company's stock, valued at approximately $657,016,000. BlackRock Inc. owned approximately 11.79% of Sonoco Products as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. SBI Securities Co. Ltd. increased its stake in Sonoco Products by 77.7% during the 4th quarter. SBI Securities Co. Ltd. now owns 590 shares of the industrial products company's stock valued at $26,000 after buying an additional 258 shares during the period. LRI Investments LLC acquired a new stake in shares of Sonoco Products in the 4th quarter worth approximately $29,000. WPG Advisers LLC lifted 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 acquiring an additional 295 shares during the period. Larson Financial Group LLC boosted its holdings in shares of 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 acquiring an additional 950 shares in the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of Sonoco Products during the fourth quarter valued at approximately $47,000. Institutional investors and hedge funds own 77.69% of the company's stock.

Sonoco Products Stock Up 0.1%

SON stock opened at $59.51 on Monday. Sonoco Products Company has a 12 month low of $38.65 and a 12 month high of $60.67. The firm has a market cap of $5.88 billion, a PE ratio of 9.46, a P/E/G ratio of 1.26 and a beta of 0.37. The firm has a 50 day simple moving average of $55.83 and a 200 day simple moving average of $53.46. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.99 and a quick ratio of 0.55.

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 forecast that Sonoco Products Company will post 5.8 earnings per share for the current fiscal year.

Sonoco Products Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Monday, August 10th. Sonoco Products's payout ratio is presently 34.34%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SON. Weiss Ratings raised Sonoco Products from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, August 3rd. Truist Financial increased their price target on Sonoco Products from $64.00 to $68.00 and gave the company a "buy" rating in a research note on Friday, July 24th. Citigroup lifted their price target on Sonoco Products from $63.00 to $66.00 and gave the company a "buy" rating in a research report on Thursday, July 9th. Bank of America boosted their price objective on Sonoco Products from $65.00 to $69.00 and gave the stock a "buy" rating in a research note on Tuesday, July 14th. Finally, Wall Street Zen lowered Sonoco Products from a "buy" rating to a "hold" rating in a report on Saturday, May 2nd. Five equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target 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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