Canada Pension Plan Investment Board Acquires Shares of 111,200 Sonoco Products Company $SON

Key Points

• Canada Pension Plan Investment Board acquired 111,200 Sonoco Products shares valued at approximately $6.3 million, while institutional investors collectively own 77.69% of the company.
• Sonoco reported quarterly earnings of $1.51 per share, exceeding the $1.47 consensus estimate, though revenue declined 1.3% year over year to $1.89 billion. The company maintained fiscal 2026 EPS guidance of $5.80–$6.20.
• Analysts have generally turned more positive, with several firms raising price targets and issuing buy ratings. Sonoco also offers a quarterly dividend of $0.54 per share, representing a 3.8% annualized yield.

Canada Pension Plan Investment Board acquired a new stake in Sonoco Products Company (NYSE:SON - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 111,200 shares of the industrial products company's stock, valued at approximately $6,266,000. Canada Pension Plan Investment Board owned about 0.11% of Sonoco Products as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in SON. BlackRock Inc. acquired a new position in shares of Sonoco Products in the second quarter valued at $657,016,000. LSV Asset Management lifted its stake in shares of Sonoco Products by 95.7% during the 4th quarter. LSV Asset Management now owns 1,563,390 shares of the industrial products company's stock worth $68,226,000 after buying an additional 764,590 shares during the last quarter. UBS Group AG boosted its holdings in shares of Sonoco Products by 57.8% during the 4th quarter. UBS Group AG now owns 303,784 shares of the industrial products company's stock worth $13,257,000 after buying an additional 111,295 shares during the period. Natixis Advisors LLC boosted its holdings in shares of Sonoco Products by 18.6% during the 4th quarter. Natixis Advisors LLC now owns 326,547 shares of the industrial products company's stock worth $14,251,000 after buying an additional 51,273 shares during the period. Finally, Thompson Siegel & Walmsley LLC acquired a new position in Sonoco Products in the 4th quarter valued at about $7,774,000. 77.69% of the stock is currently owned by institutional investors.

Sonoco Products Price Performance

SON stock opened at $56.60 on Monday. The company has a quick ratio of 0.55, a current ratio of 0.99 and a debt-to-equity ratio of 0.97. 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 $5.60 billion, a P/E ratio of 9.00, a P/E/G ratio of 1.19 and a beta of 0.37. The company's 50-day moving average price is $56.49 and its two-hundred day moving average price is $53.69.

Sonoco Products (NYSE:SON - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.37 EPS. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. On average, analysts anticipate that Sonoco Products Company will post 5.8 earnings per share for the current fiscal year.

Sonoco Products Dividend Announcement

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

Analyst Upgrades and Downgrades

SON has been the topic of several research analyst reports. Bank of America increased their price target on shares of Sonoco Products from $65.00 to $69.00 and gave the company a "buy" rating in a report on Tuesday, July 14th. Weiss Ratings upgraded Sonoco Products from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday. Truist Financial increased their target price on Sonoco Products from $64.00 to $68.00 and gave the stock a "buy" rating in a research note on Friday, July 24th. Finally, Citigroup increased their target price on Sonoco Products from $63.00 to $66.00 and gave the stock a "buy" rating in a research note on Thursday, July 9th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Sonoco Products presently has an average rating of "Moderate Buy" and an average target price of $61.78.

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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