Sonoco Products (NYSE:SON) CFO Paul Joachimczyk Buys 8,058 Shares

Key Points

• CFO Paul Joachimczyk purchased 8,058 shares on April 24 at an average price of $49.64 (~$400,000), increasing his direct ownership to 28,558 shares—a 39.31% rise.
• Sonoco missed Q1 expectations with EPS $1.20 vs. $1.57 expected and revenue $1.68B vs. $1.88B expected, and its shares traded down to $48.40 (P/E ~4.74).
• The company raised its quarterly dividend to $0.54 per share (annualized $2.16, ~4.5% yield) and set FY2026 guidance of 5.800–6.200 EPS, roughly in line with analyst consensus of ~5.9.

Sonoco Products Company (NYSE:SON - Get Free Report) CFO Paul Joachimczyk purchased 8,058 shares of the business's stock in a transaction dated Friday, April 24th. The stock was bought at an average price of $49.64 per share, with a total value of $399,999.12. Following the acquisition, the chief financial officer directly owned 28,558 shares in the company, valued at approximately $1,417,619.12. This represents a 39.31% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Sonoco Products Price Performance

Shares of SON traded down $0.79 during trading hours on Friday, reaching $48.40. The company had a trading volume of 2,063,678 shares, compared to its average volume of 1,113,338. The company has a current ratio of 0.96, a quick ratio of 0.60 and a debt-to-equity ratio of 0.97. The firm has a 50 day simple moving average of $54.32 and a 200-day simple moving average of $47.37. Sonoco Products Company has a 12-month low of $38.65 and a 12-month high of $58.44. The company has a market capitalization of $4.78 billion, a price-to-earnings ratio of 4.74, a PEG ratio of 0.95 and a beta of 0.50.

Sonoco Products (NYSE:SON - Get Free Report) last posted its earnings results on Tuesday, April 21st. The industrial products company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.37). Sonoco Products had a net margin of 13.57% and a return on equity of 16.50%. The business had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.88 billion. During the same quarter last year, the business posted $1.38 earnings per share. The business's revenue was down 1.9% compared to the same quarter last year. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. Research analysts expect that Sonoco Products Company will post 5.9 earnings per share for the current year.

Sonoco Products Increases Dividend

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

Wall Street Analyst Weigh In

SON has been the subject of several recent research reports. Zacks Research upgraded shares of Sonoco Products from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 6th. UBS Group dropped their target price on shares of Sonoco Products from $62.00 to $59.00 and set a "neutral" rating for the company in a report on Friday, April 10th. Raymond James Financial restated a "market perform" rating on shares of Sonoco Products in a report on Friday, March 6th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Sonoco Products in a report on Wednesday, April 1st. They set a "buy" rating and a $63.00 target price for the company. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Sonoco Products in a report on Wednesday, January 21st. 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.com, the company presently has an average rating of "Hold" and a consensus price target of $60.44.

Institutional Investors Weigh In On Sonoco Products

A number of hedge funds and other institutional investors have recently modified their holdings of SON. Fuller & Thaler Asset Management Inc. grew its holdings in shares of Sonoco Products by 477.8% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 5,901,950 shares of the industrial products company's stock worth $257,561,000 after buying an additional 4,880,438 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Sonoco Products by 357.8% during the third quarter. AQR Capital Management LLC now owns 2,117,022 shares of the industrial products company's stock worth $90,693,000 after buying an additional 1,654,576 shares in the last quarter. Norges Bank purchased a new stake in shares of Sonoco Products during the fourth quarter worth about $54,611,000. Squarepoint Ops LLC grew its holdings in shares of Sonoco Products by 2,813.2% during the fourth quarter. Squarepoint Ops LLC now owns 876,895 shares of the industrial products company's stock worth $38,268,000 after buying an additional 846,794 shares in the last quarter. Finally, LSV Asset Management grew its holdings in shares of Sonoco Products by 95.7% during the fourth quarter. LSV Asset Management now owns 1,563,390 shares of the industrial products company's stock worth $68,226,000 after buying an additional 764,590 shares in the last quarter. 77.69% of the stock is currently owned by hedge funds and other institutional investors.

Sonoco Products Company Profile

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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