Sanctuary Advisors LLC Purchases Shares of 25,503 Sonoco Products Company $SON

Key Points

• Sanctuary Advisors purchased 25,503 shares of Sonoco Products in the second quarter, valued at approximately $1.44 million. Institutional investors collectively own 77.69% of the company.
• Analysts remain mixed, with five Buy ratings and seven Hold ratings, producing a consensus rating of Hold and an average price target of $61.78.
• Sonoco exceeded quarterly earnings expectations, reporting $1.51 in EPS versus $1.47 expected, while revenue reached $1.89 billion. The company also declared a quarterly dividend of $0.54 per share, representing a 3.8% annualized yield.

Sanctuary Advisors LLC purchased a new stake in Sonoco Products Company (NYSE:SON - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 25,503 shares of the industrial products company's stock, valued at approximately $1,437,000.

Several other large investors also recently made changes to their positions in the stock. SBI Securities Co. Ltd. lifted its position in Sonoco Products by 77.7% in the 4th 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 in the last quarter. LRI Investments LLC bought a new position in Sonoco Products during the 4th quarter worth about $29,000. WPG Advisers LLC raised its stake in shares of Sonoco Products by 93.1% in the 1st quarter. WPG Advisers LLC now owns 612 shares of the industrial products company's stock valued at $33,000 after purchasing an additional 295 shares during the period. Larson Financial Group LLC raised its stake in shares of 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 valued at $43,000 after purchasing an additional 950 shares during the period. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of Sonoco Products in the fourth quarter valued at about $47,000. Institutional investors own 77.69% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SON shares. Bank of America increased their price objective on Sonoco Products from $65.00 to $69.00 and gave the stock a "buy" rating in a report on Tuesday, July 14th. Citigroup boosted their target price 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 price target 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. Wall Street Zen downgraded shares of Sonoco Products from a "buy" rating to a "hold" rating in a report on Saturday, May 2nd. Finally, Weiss Ratings raised shares of Sonoco Products from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, August 3rd. Five research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $61.78.

Sonoco Products Stock Performance

SON opened at $57.48 on Thursday. The business's 50-day simple moving average is $56.25 and its 200 day simple moving average is $53.62. Sonoco Products Company has a 52-week low of $38.65 and a 52-week high of $60.67. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.55 and a current ratio of 0.99. The firm has a market capitalization of $5.68 billion, a PE ratio of 9.14, a PEG 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 firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the previous year, the firm earned $1.37 EPS. The business's quarterly revenue was down 1.3% on a year-over-year basis. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. As a group, sell-side analysts expect that Sonoco Products Company will post 5.8 earnings per share for the current fiscal year.

Sonoco Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be paid a dividend of $0.54 per share. The ex-dividend date is Monday, August 10th. This represents a $2.16 annualized dividend and a dividend yield of 3.8%. Sonoco Products's payout ratio is currently 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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