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S&P 500   5,088.80
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Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
Income Expert and Author of Get Rich With Dividends Is Giving Away His Top Income Secrets… FOR FREE! (Ad)
MarketBeat Week in Review – 2/19 - 2/23
Taiwan giant chipmaker TSMC opens first plant in Japan as part of key global expansion
Income Expert and Author of Get Rich With Dividends Is Giving Away His Top Income Secrets… FOR FREE! (Ad)
A collection of the insights Warren Buffett offered in his annual letter Saturday
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
The perfect AI stock under $10 (Ad)
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
Macron booed by French farmers who blame him for not doing enough to support agriculture
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
Income Expert and Author of Get Rich With Dividends Is Giving Away His Top Income Secrets… FOR FREE! (Ad)
MarketBeat Week in Review – 2/19 - 2/23
Taiwan giant chipmaker TSMC opens first plant in Japan as part of key global expansion
Income Expert and Author of Get Rich With Dividends Is Giving Away His Top Income Secrets… FOR FREE! (Ad)
A collection of the insights Warren Buffett offered in his annual letter Saturday
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
The perfect AI stock under $10 (Ad)
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
Macron booed by French farmers who blame him for not doing enough to support agriculture
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
Income Expert and Author of Get Rich With Dividends Is Giving Away His Top Income Secrets… FOR FREE! (Ad)
MarketBeat Week in Review – 2/19 - 2/23
Taiwan giant chipmaker TSMC opens first plant in Japan as part of key global expansion
Income Expert and Author of Get Rich With Dividends Is Giving Away His Top Income Secrets… FOR FREE! (Ad)
A collection of the insights Warren Buffett offered in his annual letter Saturday
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
The perfect AI stock under $10 (Ad)
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
Macron booed by French farmers who blame him for not doing enough to support agriculture
NYSE:SON

Sonoco Products (SON) Stock Price, News & Analysis

$57.45
-0.16 (-0.28%)
(As of 02/23/2024 ET)
Today's Range
$57.20
$57.83
50-Day Range
$55.44
$58.46
52-Week Range
$49.98
$63.74
Volume
438,978 shs
Average Volume
429,460 shs
Market Capitalization
$5.63 billion
P/E Ratio
11.97
Dividend Yield
3.55%
Price Target
$61.50

Sonoco Products MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
7.0% Upside
$61.50 Price Target
Short Interest
Healthy
0.78% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.42
Upright™ Environmental Score
News Sentiment
0.09mentions of Sonoco Products in the last 14 days
Based on 14 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
11.81%
From $5.25 to $5.87 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.39 out of 5 stars

Industrial Products Sector

29th out of 174 stocks

Paperboard Containers & Boxes Industry

1st out of 4 stocks


SON stock logo

About Sonoco Products Stock (NYSE:SON)

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 through two segments: Consumer Packaging and Industrial Paper Packaging. 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. The Industrial Paper Packaging segment provides paperboard tubes, cones, and cores; paper-based protective packaging products; and uncoated recycled paperboard products. Sonoco Products Company also offers various packaging materials, including plastic, paper, foam, and other specialty materials. The company sells its products in various markets, which include paper, textile, film, food, packaging, construction, and wire and cable. Sonoco Products Company was founded in 1899 and is headquartered in Hartsville, South Carolina.

SON Stock Price History

SON Stock News Headlines

AI Stock Caught Trading Under Secret Name
We have uncovered perhaps the most unusual AI stock we've ever seen.It's expected to see massive revenue this year - $215 billion.  The company holds over 29,000 patents in the U.S. It pays an enormous dividend.
SON Mar 2024 60.000 put
AI Stock Caught Trading Under Secret Name
We have uncovered perhaps the most unusual AI stock we've ever seen.It's expected to see massive revenue this year - $215 billion.  The company holds over 29,000 patents in the U.S. It pays an enormous dividend.
Sonoco Reports Fourth Quarter and Full Year 2023 Results
Sonoco Declares Regular Quarterly Common Stock Dividend
Sonoco Products Q4 2023 Earnings Preview
Sonoco Products Q3 2023 Earnings Preview
Sonoco To Report Third Quarter 2023 Results
Sonoco Seems Cheap Considering The Risk Level
See More Headlines
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Company Calendar

Ex-Dividend for 12/8 Dividend
11/09/2023
Dividend Payable
12/08/2023
Last Earnings
2/15/2024
Today
2/24/2024
Ex-Dividend for 3/8 Dividend
2/27/2024
Dividend Payable
3/08/2024
Next Earnings (Estimated)
5/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Paperboard containers & boxes
Sub-Industry
Paper Packaging
CUSIP
83549510
Employees
22,000
Year Founded
1899

Price Target and Rating

Average Stock Price Target
$61.50
High Stock Price Target
$68.00
Low Stock Price Target
$56.00
Potential Upside/Downside
+7.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$474.96 million
Pretax Margin
9.07%

Debt

Sales & Book Value

Annual Sales
$6.78 billion
Cash Flow
$8.76 per share
Book Value
$24.83 per share

Miscellaneous

Free Float
97,456,000
Market Cap
$5.63 billion
Optionable
Optionable
Beta
0.69

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SON Stock Analysis - Frequently Asked Questions

Should I buy or sell Sonoco Products stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sonoco Products in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SON shares.
View SON analyst ratings
or view top-rated stocks.

What is Sonoco Products' stock price target for 2024?

4 brokerages have issued 1 year price objectives for Sonoco Products' stock. Their SON share price targets range from $56.00 to $68.00. On average, they expect the company's share price to reach $61.50 in the next twelve months. This suggests a possible upside of 7.0% from the stock's current price.
View analysts price targets for SON
or view top-rated stocks among Wall Street analysts.

How have SON shares performed in 2024?

Sonoco Products' stock was trading at $55.87 at the start of the year. Since then, SON stock has increased by 2.8% and is now trading at $57.45.
View the best growth stocks for 2024 here
.

Are investors shorting Sonoco Products?

Sonoco Products saw a decrease in short interest in the month of January. As of January 31st, there was short interest totaling 753,600 shares, a decrease of 22.0% from the January 15th total of 966,700 shares. Based on an average daily trading volume, of 397,600 shares, the short-interest ratio is presently 1.9 days. Approximately 0.8% of the company's stock are sold short.
View Sonoco Products' Short Interest
.

When is Sonoco Products' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024.
View our SON earnings forecast
.

How were Sonoco Products' earnings last quarter?

Sonoco Products (NYSE:SON) released its quarterly earnings results on Thursday, February, 15th. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by $0.02. The industrial products company earned $1.64 billion during the quarter, compared to the consensus estimate of $1.61 billion. Sonoco Products had a net margin of 7.00% and a trailing twelve-month return on equity of 22.42%. The company's quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.27 earnings per share.

How often does Sonoco Products pay dividends? What is the dividend yield for Sonoco Products?

Sonoco Products declared a quarterly dividend on Wednesday, February 14th. Shareholders of record on Wednesday, February 28th will be paid a dividend of $0.51 per share on Friday, March 8th. This represents a $2.04 annualized dividend and a yield of 3.55%. The ex-dividend date of this dividend is Tuesday, February 27th.
Read our dividend analysis for SON
.

Is Sonoco Products a good dividend stock?

Sonoco Products (NYSE:SON) pays an annual dividend of $2.04 per share and currently has a dividend yield of 3.54%. The company has been increasing its dividend for 42 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 42.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SON will have a dividend payout ratio of 34.75% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SON.

What guidance has Sonoco Products issued on next quarter's earnings?

Sonoco Products issued an update on its FY24 earnings guidance on Wednesday, February, 14th. The company provided earnings per share guidance of $5.10-5.40 for the period, compared to the consensus earnings per share estimate of $5.35.

What is R. Howard Coker's approval rating as Sonoco Products' CEO?

54 employees have rated Sonoco Products Chief Executive Officer R. Howard Coker on Glassdoor.com. R. Howard Coker has an approval rating of 86% among the company's employees.

What other stocks do shareholders of Sonoco Products own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Sonoco Products investors own include RPM International (RPM), AT&T (T), Coca-Cola (KO), Procter & Gamble (PG), Johnson & Johnson (JNJ), Altria Group (MO), Verizon Communications (VZ), Intel (INTC), Pfizer (PFE) and Exxon Mobil (XOM).

Who are Sonoco Products' major shareholders?

Sonoco Products' stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.22%), Royal Bank of Canada (2.40%), Dimensional Fund Advisors LP (2.35%), Victory Capital Management Inc. (2.19%), First Trust Advisors LP (1.69%) and Sei Investments Co. (1.30%). Insiders that own company stock include Ernest D Haynes III, Ernest D Haynes III, Harold G Cummings III, James A Harrell III, Jeffrey S Tomaszewski, John M Florence, Julie C Albrecht, Robert R Hill Jr, Rodger D Fuller and Roger P Schrum.
View institutional ownership trends
.

How do I buy shares of Sonoco Products?

Shares of SON stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Sonoco Products have any subsidiaries?
The following companies are subsidiares of Sonoco Products: 2103393 Ontario Inc., APEI UK Limited, APEI Unlimited IOM, Allied Packaging, Associated Packaging Technologies Inc., Ball Metalpack Holding LLC, Beteiligungen Sonoco Deutschland Vermogensverwaltungsgesellschaft mbh, CP Acquisition LLC, Can Packaging, Cap Liners Limited, Capseals Limited, Capseals Liners Limited, Cascades Sonoco Inc., Clear Lam Flexible Films (Nanjing) Co. Ltd., Clear Lam Packaging Inc., Clear Pack Co., Clear Pack Company, Colombiana P.M. LLC, Conitex Sonoco (BVI) Ltd., Conitex Sonoco (Mexico) S. de R.L. de C.V., Conitex Sonoco Hellas S.A., Conitex Sonoco Holding B.V., Conitex Sonoco Inc., Conitex Sonoco India Pvt. Ltd., Conitex Sonoco N.V., Conitex Sonoco Shanghai Ltd., Conitex Sonoco Suzhou Co. Ltd., Conitex Sonoco Taiwan Ltd., Conitex Sonoco USA Inc., Convex Mold Inc., Corenso Holdings America Inc., Corenso North America, Corenso Richmond LLC, Corepak Limited, CorrFlex Graphics LLC, Demolli Industria Cartaria S.p.A., Engraph Inc., Engraph Puerto Rico Inc., Fair Lawn Packaging Services LLC, Friarsgate Studio Limited, Graffo Paranaense De Embalagens S.A., Graffo Paranaense de Embalagens S/A, Grove Mill Paper Company Limited, Gunther of America Inc., Hartsville Corrugating LLC, Hayes Manufacturing Group, Highland Packaging Solutions, Highland Packaging Solutions LLC, Industrial Machine Co. Inc., Inversiones Sonoco Limitada, Italtubetti SpA, Laminar Medica, Laminar Medica (CE) s.r.o., Laminar Medica Limited, Manufacturas Sonoco S.A. de C.V., Matrix Packaging Inc., OOO Sonoco Alcore, PT Conitex Sonoco, PT Papcor Asia Pacific, PT Papertech Indonesia, PT Sonoco Indonesia, Packaging Holdings Inc., Papcor (Dezhou) Packaging Material Co. Ltd., Papertech Dezhou Co. Ltd., Papertech SL, PenPack LLC, Peninsula Packaging Company, Peninsula Packaging LLC, Penpack S. de R.L. de C.V., Phoenix Packaging Corp., Plastique Holdings LTD, SMB GmbH, SPC Capital Management Inc., SPC Liquidation LLC, SPC Management LLC, SPC Resources Inc., SR Holdings of the Carolinas LLC, Sebro Plastics Inc., Sonoco (Shanghai) Co. Ltd, Sonoco (Taicang) Packaging Co. Ltd, Sonoco (Weifang) Packaging Company Ltd., Sonoco Absorbent Technologies LLC, Sonoco Absorbent Technologies Limited, Sonoco Alcore - Demolli S.r.l., Sonoco Alcore AB, Sonoco Alcore GmbH, Sonoco Alcore N.V., Sonoco Alcore Nederland B.V., Sonoco Ambalaj Sanayi Ve Ticaret Limited Sirketi, Sonoco Asia Holding S.a.r.l., Sonoco Asia L.L.C., Sonoco Asia Management Company L.L.C., Sonoco Australia Pty Ltd, Sonoco Board Mills Limited, Sonoco Bonmati S.A.U., Sonoco Canada Corporation, Sonoco Capseals Liners Limited, Sonoco Comercial S. de R.L. de C.V., Sonoco Consumer Products Dordrecht B.V., Sonoco Consumer Products Europe GmbH, Sonoco Consumer Products Hellas S.A., Sonoco Consumer Products Limited, Sonoco Consumer Products Mechelen BVBA, Sonoco Consumer Products Montanay SAS, Sonoco Consumer Products Poland Sp. Z.O.O., Sonoco Consumer Products SAS, Sonoco Consumer Products South Africa (PTY) Ltd., Sonoco Consumer Products Zwenkau GmbH, Sonoco Cores and Paper Limited, Sonoco Deutschland GmbH, Sonoco Deutschland Holdings GmbH, Sonoco Development Inc., Sonoco Elk Grove Inc., Sonoco Embalagens Ltda., Sonoco Flexible Packaging Canada Corporation, Sonoco Flexible Packaging Co. Inc., Sonoco Graphics India Private Limited, Sonoco Hickory Inc., Sonoco Holdings Inc., Sonoco Holdings UK Limited, Sonoco Hutchinson LLC, Sonoco IPD France SAS, Sonoco Iberia S.L.U., Sonoco International Holdings GmbH, Sonoco JV GmbH & Co. KG, Sonoco Kaiping Packaging Co. Ltd., Sonoco Limited, Sonoco Luxembourg Holding S.a.r.l., Sonoco Luxembourg S.a.r.l., Sonoco Milnrow, Sonoco Netherlands Holding II BV, Sonoco Netherlands Holding III BV, Sonoco New Zealand Limited, Sonoco Operadora S. de R.L. de C.V., Sonoco Packaging Limited, Sonoco Packaging Tapes Limited, Sonoco Paper Mill & IPD Hellas SA, Sonoco Paperboard Group LLC, Sonoco Partitions Inc., Sonoco Phoenix LLC, Sonoco Pina S.A.U., Sonoco Plastics B.V., Sonoco Plastics Canada ULC, Sonoco Plastics Germany GmbH, Sonoco Plastics Inc., Sonoco Poland Holdings B.V., Sonoco Polysack A/S Inc., Sonoco Polysack Limited, Sonoco Products Company UK, Sonoco Products Malaysia Sdn Bhd, Sonoco Protective Solutions Inc., Sonoco Recycling - International Trade Group LLC, Sonoco Recycling LLC, Sonoco Reels Limited, Sonoco Retail Packaging S. de R.L. de C.V., Sonoco S.A. de C.V., Sonoco SAS, Sonoco Saudi Limited Company, Sonoco Services LLC, Sonoco Singapore Pte. Ltd., Sonoco TEQ Holdings Ltd, Sonoco TEQ LLC, Sonoco TEQ Ltd, Sonoco TEQ Sp. Z.o.o, Sonoco Taiwan Ltd, Sonoco Thailand Ltd, Sonoco UK Leasing Limited, Sonoco Venezolana C.A., Sonoco Venture International Holdings GmbH, Sonoco Ventures UK Limited, Sonoco Wisconsin Rapids Core Plant LLC, Sonoco Wisconsin Rapids Inc., Sonoco Wisconsin Rapids Paper Mill LLC, Sonoco Yatai Pinghu Packaging Co Ltd, Sonoco de Colombia Ltda, Sonoco do Brasil Participacoes Ltda, Sonoco do Brazil Ltda, Sonoco of Puerto RicoInc., Sonoco-Alcore AS, Sonoco-Alcore Oy, Sonoco-Alcore S.a.r.l., Sonoco-Alcore Sp. Z.O.O., Sonoco-Engraph Puerto Rico Inc., TPT Limited, Tegrant Alloyd Brands Inc., Tegrant Corporation, Tegrant International Inc., Tegrant Property Holdings LLC, Tegrant de Mexico S.A. de C.V., ThermoSafe Brands Asia PTE LTD., ThermoSafe Brands Europe Ltd., Thermoform Engineered Quality LLC, Trident Graphics Canada Corporation, Trident Graphics NA LLC, Tubo-Tec Nordeste Industria, TuboTec, U.S. Paper Mills Corp., Weidenhammer Chile Ltda., Weidenhammer Packaging Group, Weidenhammer UK Ltd., and Wisenberg U.S. Inc..
Read More
This page (NYSE:SON) was last updated on 2/25/2024 by MarketBeat.com Staff