Deutsche Bank AG Purchases New Shares in Sonoco Products Company $SON

Key Points

• Deutsche Bank acquired 19,369 Sonoco Products shares worth approximately $1.09 million in the second quarter. Institutional investors collectively own 77.69% of the company.
• Analysts remain generally positive, with six Buy and six Hold ratings, an overall “Moderate Buy” consensus, and an average price target of $61.78.
• Sonoco exceeded quarterly earnings expectations with $1.51 EPS and $1.89 billion in revenue, while declaring a $0.54 quarterly dividend, equivalent to a 3.8% yield.

Deutsche Bank AG purchased a new position in shares of Sonoco Products Company (NYSE:SON - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 19,369 shares of the industrial products company's stock, valued at approximately $1,091,000.

Other institutional investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. increased its position in shares of Sonoco Products by 77.7% during the fourth quarter. SBI Securities Co. Ltd. now owns 590 shares of the industrial products company's stock valued at $26,000 after acquiring an additional 258 shares during the last quarter. WPG Advisers LLC raised 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 worth $33,000 after purchasing an additional 295 shares during the period. LRI Investments LLC bought a new position in Sonoco Products during the fourth quarter valued at about $29,000. Larson Financial Group LLC increased its holdings in Sonoco Products by 1,826.9% during the third quarter. Larson Financial Group LLC now owns 1,002 shares of the industrial products company's stock worth $43,000 after buying an additional 950 shares during the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new position in Sonoco Products in the fourth quarter valued at about $47,000. 77.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SON shares. Citigroup upped their price objective on Sonoco Products from $63.00 to $66.00 and gave the company a "buy" rating in a research note on Thursday, July 9th. Truist Financial raised their target price on Sonoco Products from $64.00 to $68.00 and gave the stock a "buy" rating in a research report on Friday, July 24th. Weiss Ratings raised Sonoco Products from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday. Finally, Bank of America increased their target price 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. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $61.78.

Sonoco Products Stock Up 0.2%

SON stock opened at $56.60 on Monday. The company's 50 day moving average is $56.49 and its 200 day moving average is $53.69. The company has a current ratio of 0.99, a quick ratio of 0.55 and a debt-to-equity ratio of 0.97. The stock has a market cap of $5.60 billion, a price-to-earnings ratio of 9.00, a price-to-earnings-growth ratio of 1.19 and a beta of 0.37. Sonoco Products Company has a 1-year low of $38.65 and a 1-year high of $60.67.

Sonoco Products (NYSE:SON - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $1.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.47 by $0.04. Sonoco Products had a net margin of 8.41% and a return on equity of 16.50%. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the previous year, the firm posted $1.37 EPS. The firm's revenue 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. Sell-side analysts predict that Sonoco Products Company will post 5.8 EPS for the current fiscal year.

Sonoco Products Announces Dividend

The firm also recently declared 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 of this dividend is Monday, August 10th. This represents a $2.16 annualized dividend and a dividend yield of 3.8%. Sonoco Products's dividend payout ratio (DPR) is 34.34%.

About Sonoco Products

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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