Sonoco Products Company (NYSE:SON) Given Average Recommendation of "Hold" by Analysts

Key Points

• Analysts maintain a “Hold” consensus on Sonoco Products, with seven hold ratings and five buys among 12 brokerages. The average 12-month price target is $61.78, versus a recent share price of $58.22.
• Institutional investors and hedge funds own 77.69% of Sonoco’s stock, with major firms including BlackRock, Fuller & Thaler, AQR Capital Management and Norges Bank recently increasing or initiating positions.
• Sonoco exceeded quarterly earnings expectations, reporting $1.51 EPS and $1.89 billion in revenue, while revenue declined 1.3% year over year. The company also declared a quarterly dividend of $0.54 per share, representing a 3.7% annualized yield.

Sonoco Products Company (NYSE:SON - Get Free Report) has received a consensus recommendation of "Hold" from the twelve brokerages that are presently covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $61.7778.

A number of equities research analysts have weighed in on the stock. Robert W. Baird cut their price target on shares of Sonoco Products from $60.00 to $55.00 and set a "neutral" rating for the company in a report on Thursday, April 23rd. Truist Financial lifted 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. Argus upgraded shares of Sonoco Products to a "hold" rating in a report on Monday, April 20th. Bank of America increased their target price on shares of Sonoco Products from $65.00 to $69.00 and gave the company a "buy" rating in a research note on Tuesday, July 14th. Finally, Citigroup lifted their price target on shares of Sonoco Products from $63.00 to $66.00 and gave the stock a "buy" rating in a research report on Thursday, July 9th.

Hedge Funds Weigh In On Sonoco Products

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in shares of Sonoco Products during the second quarter valued at $657,016,000. Fuller & Thaler Asset Management Inc. increased its stake in Sonoco Products by 477.8% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 5,901,950 shares of the industrial products company's stock worth $257,561,000 after purchasing an additional 4,880,438 shares in the last quarter. AQR Capital Management LLC increased its stake in Sonoco Products by 357.8% in the 3rd quarter. AQR Capital Management LLC now owns 2,117,022 shares of the industrial products company's stock worth $90,693,000 after purchasing an additional 1,654,576 shares in the last quarter. Norges Bank acquired a new stake in Sonoco Products during the 4th quarter worth about $54,611,000. Finally, Bank of New York Mellon Corp acquired a new stake in Sonoco Products during the 2nd quarter worth about $60,793,000. 77.69% of the stock is currently owned by institutional investors and hedge funds.

Sonoco Products Stock Down 0.2%

SON opened at $58.22 on Friday. Sonoco Products has a one year low of $38.65 and a one year 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 stock's fifty day moving average is $55.00 and its 200-day moving average is $53.08. The company has a market capitalization of $5.76 billion, a PE ratio of 9.26, a P/E/G ratio of 1.23 and a beta of 0.37.

Sonoco Products (NYSE:SON - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.04. The business had revenue of $1.89 billion during 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 8.41%.The company's revenue was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.37 earnings per share. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. On average, equities analysts predict that Sonoco Products will post 5.8 EPS for the current fiscal year.

Sonoco Products Dividend Announcement

The business 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 of this dividend is Monday, August 10th. This represents a $2.16 annualized dividend and a dividend yield of 3.7%. Sonoco Products's dividend payout ratio (DPR) 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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