Capital Fund Management S.A. Invests $559,000 in Sonoco Products Company $SON

Key Points

• Capital Fund Management S.A. recently acquired 11,835 shares of Sonoco Products Company, valued at approximately $559,000, during the first quarter.
• Sonoco Products has received optimistic upgrades from several analysts, with price targets raised to a maximum of $58.00 and a consensus rating of "Moderate Buy".
• The company announced a quarterly dividend of $0.53 per share, reflecting a dividend yield of 4.5% and a payout ratio of 37.99%.

Capital Fund Management S.A. acquired a new position in Sonoco Products Company (NYSE:SON - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,835 shares of the industrial products company's stock, valued at approximately $559,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. lifted its stake in Sonoco Products by 508.1% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 900 shares of the industrial products company's stock worth $43,000 after purchasing an additional 752 shares in the last quarter. UMB Bank n.a. raised its holdings in Sonoco Products by 152.7% during the 1st quarter. UMB Bank n.a. now owns 950 shares of the industrial products company's stock valued at $45,000 after buying an additional 574 shares during the period. Quarry LP boosted its holdings in Sonoco Products by 111.3% during the 4th quarter. Quarry LP now owns 970 shares of the industrial products company's stock valued at $47,000 after acquiring an additional 511 shares during the period. Colonial Trust Co SC boosted its holdings in Sonoco Products by 90.6% during the 4th quarter. Colonial Trust Co SC now owns 953 shares of the industrial products company's stock valued at $47,000 after acquiring an additional 453 shares during the period. Finally, Allworth Financial LP boosted its holdings in Sonoco Products by 152.0% during the 1st quarter. Allworth Financial LP now owns 1,071 shares of the industrial products company's stock valued at $50,000 after acquiring an additional 646 shares during the period. 77.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the company. Wells Fargo & Company upgraded Sonoco Products from an "underweight" rating to an "overweight" rating and raised their price objective for the stock from $45.00 to $55.00 in a report on Friday, May 23rd. Raymond James Financial lifted their price target on shares of Sonoco Products from $50.00 to $55.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Truist Financial raised their price target on shares of Sonoco Products from $53.00 to $58.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Wall Street Zen upgraded Sonoco Products from a "sell" rating to a "hold" rating in a research note on Wednesday, May 7th. Finally, UBS Group lifted their price objective on Sonoco Products from $48.00 to $50.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $57.63.

Sonoco Products Stock Performance

Shares of NYSE:SON traded up $0.45 during trading on Monday, hitting $47.19. 1,733,012 shares of the stock traded hands, compared to its average volume of 753,846. Sonoco Products Company has a 52-week low of $39.46 and a 52-week high of $56.77. The company has a market cap of $4.65 billion, a price-to-earnings ratio of 8.46, a P/E/G ratio of 0.64 and a beta of 0.70. The company has a quick ratio of 0.72, a current ratio of 1.25 and a debt-to-equity ratio of 1.53. The company has a fifty day moving average price of $46.11 and a two-hundred day moving average price of $45.66.

Sonoco Products (NYSE:SON - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.44 by ($0.07). Sonoco Products had a net margin of 8.35% and a return on equity of 20.46%. The business had revenue of $1.91 billion for the quarter, compared to analysts' expectations of $1.92 billion. During the same quarter last year, the business earned $1.28 EPS. The company's quarterly revenue was up 17.7% on a year-over-year basis. Sonoco Products has set its FY 2025 guidance at 6.000-6.2 EPS. As a group, equities analysts predict that Sonoco Products Company will post 6.1 EPS for the current year.

Sonoco Products Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th will be given a dividend of $0.53 per share. The ex-dividend date is Friday, August 8th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.5%. Sonoco Products's dividend payout ratio (DPR) is 37.99%.

Sonoco Products Profile

Sonoco Products Company, together with its subsidiaries, designs, develops, manufactures, and sells various engineered and sustainable packaging products in North and South America, Europe, Australia, and Asia. The company operates Consumer Packaging and Industrial Paper Packaging segments. The Consumer Packaging segment offers round and shaped rigid paper, steel, and plastic containers; metal and peelable membrane ends, closures, and components; thermoformed plastic trays and enclosures; and high-barrier flexible packaging products.