M&T Bank Corp Purchases 50,667 Shares of Sonoco Products Company $SON

Key Points

• M&T Bank Corp boosted its stake in Sonoco by 129.5%, adding 50,667 shares to hold 89,798 shares worth about $3.92 million (≈0.09% of the company).
• Sonoco missed Q1 estimates with $1.20 EPS vs. $1.57 expected and $1.68B revenue vs. $1.88B expected, while providing FY2026 guidance of 5.80–6.20 EPS.
• The company raised its quarterly dividend to $0.54 (4.5% yield), and CFO Paul Joachimczyk bought 8,058 shares (~$400k), increasing his ownership by ~39%.

M&T Bank Corp increased its holdings in shares of Sonoco Products Company (NYSE:SON - Free Report) by 129.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,798 shares of the industrial products company's stock after acquiring an additional 50,667 shares during the period. M&T Bank Corp owned about 0.09% of Sonoco Products worth $3,919,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Sonoco Products by 44.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,093 shares of the industrial products company's stock worth $2,319,000 after purchasing an additional 15,079 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Sonoco Products by 80.8% in the first quarter. Goldman Sachs Group Inc. now owns 206,493 shares of the industrial products company's stock valued at $9,755,000 after buying an additional 92,286 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Sonoco Products by 14.1% in the first quarter. Empowered Funds LLC now owns 11,058 shares of the industrial products company's stock valued at $522,000 after buying an additional 1,364 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Sonoco Products by 87.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 545,179 shares of the industrial products company's stock valued at $25,754,000 after buying an additional 255,055 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Sonoco Products by 315.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,587 shares of the industrial products company's stock worth $69,000 after buying an additional 1,205 shares in the last quarter. 77.69% of the stock is owned by institutional investors and hedge funds.

Sonoco Products Stock Performance

SON stock opened at $48.40 on Monday. The business's fifty day moving average is $54.25 and its 200-day moving average is $47.48. The company has a quick ratio of 0.54, a current ratio of 0.96 and a debt-to-equity ratio of 0.97. The company has a market cap of $4.78 billion, a P/E ratio of 4.74, a price-to-earnings-growth ratio of 1.01 and a beta of 0.50. Sonoco Products Company has a twelve month low of $38.65 and a twelve month high of $58.44.

Sonoco Products (NYSE:SON - Get Free Report) last announced its quarterly earnings data on Tuesday, April 21st. The industrial products company reported $1.20 EPS for the quarter, missing analysts' consensus estimates of $1.57 by ($0.37). The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.88 billion. Sonoco Products had a return on equity of 16.50% and a net margin of 13.57%.The firm's revenue for the quarter was down 1.9% on a year-over-year basis. During the same period last year, the firm earned $1.38 earnings per share. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. Equities research analysts forecast that Sonoco Products Company will post 5.83 EPS for the current year.

Sonoco Products Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Friday, May 8th. This is an increase from Sonoco Products's previous quarterly dividend of $0.53. Sonoco Products's dividend payout ratio is presently 20.78%.

Insider Transactions at Sonoco Products

In other news, CFO Paul Joachimczyk acquired 8,058 shares of the firm's stock in a transaction that occurred on Friday, April 24th. The stock was purchased at an average price of $49.64 per share, for a total transaction of $399,999.12. Following the completion of the acquisition, the chief financial officer owned 28,558 shares in the company, valued at $1,417,619.12. This trade represents a 39.31% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Ernest D. Haynes III sold 1,581 shares of the company's stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $56.39, for a total transaction of $89,152.59. Following the completion of the sale, the insider directly owned 9,377 shares of the company's stock, valued at $528,769.03. The trade was a 14.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.98% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Robert W. Baird decreased their price objective on shares of Sonoco Products from $60.00 to $55.00 and set a "neutral" rating on the stock in a report on Thursday. Zacks Research upgraded shares of Sonoco Products from a "strong sell" rating to a "hold" rating in a research report on Tuesday, January 6th. Weiss Ratings reissued a "hold (c-)" rating on shares of Sonoco Products in a report on Wednesday, January 21st. Raymond James Financial reissued a "market perform" rating on shares of Sonoco Products in a report on Friday, March 6th. Finally, Wells Fargo & Company lowered their target price on Sonoco Products from $60.00 to $56.00 and set an "equal weight" rating for the company in a research note on Friday, March 20th. Five investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $60.44.

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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