Fiduciary Alliance LLC Makes New $382,000 Investment in Sonoco Products Company $SON

Key Points

• Fiduciary Alliance LLC has invested approximately $382,000 in Sonoco Products Company by acquiring 8,769 shares of the stock during the second quarter.
• Sonoco Products reported earnings per share (EPS) of $1.37 for the latest quarter, falling short of analysts' expectations of $1.44.
• The company has announced a $0.53 quarterly dividend, yielding around 4.5% annually, with a payout ratio of 37.99%.

Fiduciary Alliance LLC acquired a new position in shares of Sonoco Products Company (NYSE:SON - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,769 shares of the industrial products company's stock, valued at approximately $382,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sequoia Financial Advisors LLC bought a new stake in Sonoco Products in the first quarter worth $820,000. Principal Financial Group Inc. lifted its position in shares of Sonoco Products by 0.5% in the first quarter. Principal Financial Group Inc. now owns 226,179 shares of the industrial products company's stock worth $10,685,000 after buying an additional 1,044 shares during the last quarter. OneDigital Investment Advisors LLC acquired a new stake in shares of Sonoco Products in the first quarter worth about $232,000. World Investment Advisors bought a new stake in shares of Sonoco Products during the 1st quarter worth about $1,347,000. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Sonoco Products by 29.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 23,004 shares of the industrial products company's stock valued at $1,087,000 after acquiring an additional 5,278 shares during the last quarter. Hedge funds and other institutional investors own 77.69% of the company's stock.

Sonoco Products Stock Performance

Shares of SON stock traded down $0.30 during trading hours on Monday, reaching $46.01. 985,475 shares of the company's stock were exchanged, compared to its average volume of 961,785. Sonoco Products Company has a fifty-two week low of $39.46 and a fifty-two week high of $55.33. 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 stock has a market capitalization of $4.54 billion, a P/E ratio of 8.25, a P/E/G ratio of 0.62 and a beta of 0.70. The business has a fifty day moving average price of $46.41 and a 200-day moving average price of $45.62.

Sonoco Products (NYSE:SON - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.07). Sonoco Products had a return on equity of 20.46% and a net margin of 8.35%.The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the previous year, the business posted $1.28 EPS. The company's 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. Analysts predict that Sonoco Products Company will post 6.1 EPS for the current fiscal year.

Sonoco Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were issued a dividend of $0.53 per share. The ex-dividend date was Friday, August 8th. This represents a $2.12 annualized dividend and a dividend yield of 4.6%. Sonoco Products's payout ratio is presently 37.99%.

Analyst Ratings Changes

SON has been the subject of several analyst reports. Truist Financial boosted their target price on Sonoco Products from $53.00 to $58.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Raymond James Financial lifted their price target on shares of Sonoco Products from $50.00 to $55.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Finally, UBS Group boosted their price objective on shares of Sonoco Products from $48.00 to $50.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $57.63.

Sonoco Products Company 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.