Connor Clark & Lunn Investment Management Ltd. Buys New Shares in Sonoco Products Company $SON

Key Points

• Connor Clark & Lunn Investment Management purchased 85,404 Sonoco Products shares worth approximately $4.8 million, acquiring a 0.09% stake. Institutional investors collectively own 77.69% of the company.
• Sonoco reported quarterly EPS of $1.51, exceeding estimates by $0.04, while revenue reached $1.89 billion but declined 1.3% year over year. The company maintained fiscal 2026 EPS guidance of $5.80–$6.20.
• The company declared a quarterly dividend of $0.54 per share, representing an annualized dividend of $2.16 and a 3.8% yield. Analysts give Sonoco a “Moderate Buy” consensus rating with an average price target of $61.78.

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Sonoco Products Company (NYSE:SON - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 85,404 shares of the industrial products company's stock, valued at approximately $4,813,000. Connor Clark & Lunn Investment Management Ltd. owned 0.09% of Sonoco Products as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. SBI Securities Co. Ltd. lifted its position in shares of 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 in the last quarter. WPG Advisers LLC grew its stake in shares of Sonoco Products by 93.1% during the 1st quarter. WPG Advisers LLC now owns 612 shares of the industrial products company's stock valued at $33,000 after acquiring an additional 295 shares during the period. LRI Investments LLC purchased a new stake in Sonoco Products in the 4th quarter worth approximately $29,000. Larson Financial Group LLC increased its holdings in 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 acquiring an additional 950 shares in the last quarter. Finally, Cullen Frost Bankers Inc. bought a new stake in Sonoco Products during the 4th quarter worth approximately $47,000. Hedge funds and other institutional investors own 77.69% of the company's stock.

Sonoco Products Stock Down 1.5%

NYSE SON opened at $56.71 on Friday. The stock's 50 day moving average is $56.37 and its 200 day moving average is $53.65. The company has a current ratio of 0.99, a quick ratio of 0.55 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 stock has a market cap of $5.61 billion, a PE ratio of 9.02, a P/E/G ratio of 1.22 and a beta of 0.37.

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 for the quarter, topping the consensus estimate of $1.47 by $0.04. Sonoco Products had a return on equity of 16.50% and a net margin of 8.41%.The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the prior year, the company posted $1.37 EPS. The firm's revenue for the quarter was down 1.3% compared to the same quarter last year. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. Research analysts predict that Sonoco Products Company will post 5.8 EPS for the current fiscal year.

Sonoco Products Dividend Announcement

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 given a dividend of $0.54 per share. The ex-dividend date is Monday, August 10th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.8%. Sonoco Products's dividend payout ratio is currently 34.34%.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Wall Street Zen downgraded shares of Sonoco Products from a "buy" rating to a "hold" rating in a report on Saturday, May 2nd. Truist Financial increased their price objective on shares of Sonoco Products from $64.00 to $68.00 and gave the stock a "buy" rating in a research note on Friday, July 24th. Weiss Ratings upgraded shares of Sonoco Products from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday. Citigroup lifted their target price on shares of Sonoco Products from $63.00 to $66.00 and gave the company a "buy" rating in a research note on Thursday, July 9th. Finally, Bank of America upped their target price on shares of Sonoco Products from $65.00 to $69.00 and gave the stock a "buy" rating in a report on Tuesday, July 14th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price 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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