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S&P 500   4,274.04
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Agilent Technologies Proves Its Worth VS Illumina 
Our Most Important Forecast in 50 Years Tectonic changes are on the way. (Ad)
Target’s Results Cap Upside Potential For Retail Stocks 
Wind energy boom and golden eagles collide in the US West
Lowe’s Stands Out Amid Q2 Retail Reports 
Sell every Stock except ONE (Ad)
Egypt's central bank governor resigns as economic woes mount
Target takes a hit after heavy discounts to clear inventory
Stocks slip on Wall Street, erasing weekly gains for S&P 500
The Financial Day of Reckoning Has Begun (Ad)
S&P 500   4,274.04
DOW   33,980.32
QQQ   328.49
Agilent Technologies Proves Its Worth VS Illumina 
Our Most Important Forecast in 50 Years Tectonic changes are on the way. (Ad)
Target’s Results Cap Upside Potential For Retail Stocks 
Wind energy boom and golden eagles collide in the US West
Lowe’s Stands Out Amid Q2 Retail Reports 
Sell every Stock except ONE (Ad)
Egypt's central bank governor resigns as economic woes mount
Target takes a hit after heavy discounts to clear inventory
Stocks slip on Wall Street, erasing weekly gains for S&P 500
The Financial Day of Reckoning Has Begun (Ad)
S&P 500   4,274.04
DOW   33,980.32
QQQ   328.49
Agilent Technologies Proves Its Worth VS Illumina 
Our Most Important Forecast in 50 Years Tectonic changes are on the way. (Ad)
Target’s Results Cap Upside Potential For Retail Stocks 
Wind energy boom and golden eagles collide in the US West
Lowe’s Stands Out Amid Q2 Retail Reports 
Sell every Stock except ONE (Ad)
Egypt's central bank governor resigns as economic woes mount
Target takes a hit after heavy discounts to clear inventory
Stocks slip on Wall Street, erasing weekly gains for S&P 500
The Financial Day of Reckoning Has Begun (Ad)
NYSE:SON

Sonoco Products - SON Stock Forecast, Price & News

$65.42
-0.39 (-0.59%)
(As of 08/17/2022 12:00 AM ET)
Add
Compare
Today's Range
$64.87
$65.63
50-Day Range
$51.71
$65.81
52-Week Range
$51.52
$67.06
Volume
306,243 shs
Average Volume
574,378 shs
Market Capitalization
$6.38 billion
P/E Ratio
15.29
Dividend Yield
2.98%
Price Target
$65.50

Sonoco Products MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
0.1% Upside
$65.50 Price Target
Short Interest
Healthy
1.99% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.61
Upright™ Environmental Score
News Sentiment
0.02mentions of Sonoco Products in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$224,081 Sold Last Quarter
Proj. Earnings Growth
-3.95%
From $6.33 to $6.08 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.98 out of 5 stars

Industrial Products Sector

128th out of 189 stocks

Paperboard Containers & Boxes Industry

3rd out of 4 stocks

SON stock logo

About Sonoco Products (NYSE:SON) Stock

Sonoco Products Company, together with its subsidiaries, manufactures and sells industrial and consumer 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 round and shaped rigid paper containers; metal and peelable membrane ends and closures; thermoformed plastic trays and containers; printed flexible packaging; and global brand artwork management. The Industrial Paper Packaging segment provides fiber-based tubes, cones, and cores; fiber-based construction tubes; fiber-based protective packaging and components; wooden, metal, and composite wire and cable, as well as reels and spools; and recycled paperboard, corrugating medium, recovered paper, and material recycling services. Sonoco Products Company offers thermoformed rigid plastic trays and devices; custom-engineered molded foam protective packaging and components; temperature-assured packaging; injection molded and extruded containers, spools, and parts; retail security packaging, including printed backer cards, thermoformed blisters, and heat-sealing equipment; and paper amenities. The company sells its products in various markets, which include paper, textile, film, food, chemical, packaging, construction, and wire and cable. Sonoco Products Company was founded in 1899 and is headquartered in Hartsville, South Carolina.

Wall Street Analyst Weigh In

SON has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Sonoco Products from a "buy" rating to a "hold" rating in a report on Monday, August 8th. Wells Fargo & Company upped their price target on shares of Sonoco Products to $67.00 in a report on Friday, July 22nd. TheStreet raised shares of Sonoco Products from a "c+" rating to a "b-" rating in a report on Thursday, July 21st. Citigroup upped their price target on shares of Sonoco Products to $73.00 in a report on Monday, July 25th. Finally, Seaport Res Ptn downgraded Sonoco Products from a "buy" rating to a "neutral" rating in a report on Friday, April 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $65.57.

Sonoco Products Trading Down 0.6 %

NYSE:SON traded down $0.39 on Wednesday, hitting $65.42. 306,243 shares of the company were exchanged, compared to its average volume of 574,378. The firm has a market capitalization of $6.38 billion, a P/E ratio of 15.25, a price-to-earnings-growth ratio of 2.06 and a beta of 0.73. Sonoco Products has a twelve month low of $51.52 and a twelve month high of $67.06. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.36 and a quick ratio of 0.80. The company's 50 day moving average price is $59.04 and its 200-day moving average price is $59.32.

Sonoco Products (NYSE:SON - Get Rating) last issued its earnings results on Thursday, July 21st. The industrial products company reported $1.76 earnings per share for the quarter, beating analysts' consensus estimates of $1.67 by $0.09. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.91 billion. Sonoco Products had a return on equity of 28.33% and a net margin of 6.47%. The firm's quarterly revenue was up 38.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.84 EPS. Analysts predict that Sonoco Products will post 6.33 earnings per share for the current fiscal year.

Sonoco Products Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Wednesday, August 10th will be issued a $0.49 dividend. The ex-dividend date is Tuesday, August 9th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.00%. Sonoco Products's dividend payout ratio is 45.79%.

Insider Activity

In other news, COO Rodger D. Fuller sold 1,898 shares of the company's stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $62.53, for a total value of $118,681.94. Following the transaction, the chief operating officer now owns 83,818 shares in the company, valued at approximately $5,241,139.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, COO Rodger D. Fuller sold 1,898 shares of the stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $62.53, for a total value of $118,681.94. Following the transaction, the chief operating officer now owns 83,818 shares in the company, valued at $5,241,139.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ernest D. Haynes III sold 1,673 shares of the stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $63.00, for a total value of $105,399.00. Following the completion of the transaction, the insider now owns 5,063 shares in the company, valued at approximately $318,969. The disclosure for this sale can be found here. 0.47% of the stock is owned by corporate insiders.

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SON Stock News Headlines

Brokerages Set Sonoco Products (NYSE:SON) PT at $65.57
Sonoco Products (NYSE:SON) Upgraded to Buy at StockNews.com
Sonoco Products (NYSE:SON) Upgraded at TheStreet
Preview: Sonoco Products's Earnings
Sonoco Products raises quarterly dividend by 9%
Sonoco Products: Dividend Insights
Sonoco Products declares $0.45 dividend
Sonoco Products Q4 2021 Earnings Preview
Sonoco Products: Q3 Earnings Insights
A Preview Of Sonoco Products's Earnings
See More Headlines
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SON Company Calendar

Ex-Dividend for 6/10 Dividend
5/09/2022
Dividend Payable
6/10/2022
Last Earnings
7/21/2022
Ex-Dividend for 9/9 Dividend
8/09/2022
Today
8/18/2022
Dividend Payable
9/09/2022
Next Earnings (Estimated)
10/20/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Paperboard containers & boxes
Sub-Industry
Paper Packaging
CUSIP
83549510
Employees
20,500
Year Founded
1899

Price Target and Rating

Average Stock Price Forecast
$65.50
High Stock Price Forecast
$73.00
Low Stock Price Forecast
$60.00
Forecasted Upside/Downside
+0.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
6 Analysts

Profitability

Net Income
$-85,480,000.00
Pretax Margin
7.95%

Debt

Sales & Book Value

Annual Sales
$5.59 billion
Cash Flow
$6.06 per share
Book Value
$19.86 per share

Miscellaneous

Free Float
97,048,000
Market Cap
$6.38 billion
Optionable
Optionable
Beta
0.73

Social Links















SON Stock - Frequently Asked Questions

Should I buy or sell Sonoco Products stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sonoco Products in the last year. There are currently 1 sell rating, 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" SON shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SON, but not buy additional shares or sell existing shares.
View SON analyst ratings
or view top-rated stocks.

What is Sonoco Products' stock price forecast for 2022?

6 Wall Street research analysts have issued 1-year target prices for Sonoco Products' shares. Their SON share price forecasts range from $60.00 to $73.00. On average, they predict the company's share price to reach $65.50 in the next twelve months. This suggests a possible upside of 0.1% 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 2022?

Sonoco Products' stock was trading at $57.89 at the beginning of 2022. Since then, SON stock has increased by 13.0% and is now trading at $65.42.
View the best growth stocks for 2022 here
.

When is Sonoco Products' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our SON earnings forecast
.

How were Sonoco Products' earnings last quarter?

Sonoco Products (NYSE:SON) released its earnings results on Thursday, July, 21st. The industrial products company reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.67 by $0.09. The industrial products company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.91 billion. Sonoco Products had a trailing twelve-month return on equity of 28.33% and a net margin of 6.47%. Sonoco Products's revenue was up 38.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.84 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 Thursday, July 21st. Stockholders of record on Wednesday, August 10th will be given a dividend of $0.49 per share on Friday, September 9th. This represents a $1.96 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date is Tuesday, August 9th.
Read our dividend analysis for SON
.

Is Sonoco Products a good dividend stock?

Sonoco Products (NYSE:SON) pays an annual dividend of $1.96 per share and currently has a dividend yield of 2.98%. The company has been increasing its dividend for 41 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 45.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SON will have a dividend payout ratio of 32.24% 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 third quarter 2022 earnings guidance on Friday, July, 29th. The company provided EPS guidance of $1.35-$1.45 for the period, compared to the consensus EPS estimate of $1.17. The company issued revenue guidance of -.

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).

What is Sonoco Products' stock symbol?

Sonoco Products trades on the New York Stock Exchange (NYSE) under the ticker symbol "SON."

Who are Sonoco Products' major shareholders?

Sonoco Products' stock is owned by a variety of retail and institutional investors. Top institutional investors include State Street Corp (7.65%), Victory Capital Management Inc. (1.94%), Brown Advisory Inc. (1.08%), Pictet Asset Management SA (0.91%), Millennium Management LLC (0.76%) and Northern Trust Corp (0.75%). Insiders that own company stock include Ernest D Haynes III, Harold G Cummings III, James A Harrell III, Jeffrey S Tomaszewski, John M Florence, John M Florence, Julie C Albrecht, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Sonoco Products' stock price today?

One share of SON stock can currently be purchased for approximately $65.42.

How much money does Sonoco Products make?

Sonoco Products (NYSE:SON) has a market capitalization of $6.38 billion and generates $5.59 billion in revenue each year. The industrial products company earns $-85,480,000.00 in net income (profit) each year or $4.28 on an earnings per share basis.

How many employees does Sonoco Products have?

The company employs 20,500 workers across the globe.

Does Sonoco Products have any subsidiaries?
The following companies are subsidiares of Sonoco Products: Associated Packaging Technologies Inc., Can Packaging, Clear Lam Packaging Inc., Clear Pack Co., Conitex Sonoco (BVI) Ltd., Corenso Holdings America Inc., CorrFlex Graphics LLC, Demolli Industria Cartaria S.p.A., Engraph Inc., Graffo Paranaense de Embalagens S/A, Hayes Manufacturing Group, Highland Packaging Solutions, Laminar Medica, Matrix Packaging Inc., PT Conitex Sonoco, PT Papcor Asia Pacific, PT Papertech Indonesia, PT Sonoco Indonesia, 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 Inx, 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 LLC, Sonoco Asia Management Company LLC, 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. (fka Dorpak B.V.), Sonoco Consumer Products Europe GmbH (fka Weidenhammer Packaging Group GmbH), Sonoco Consumer Products Hellas S.A. (fka Weidenhammer Hellas S.A.), Sonoco Consumer Products Limited, Sonoco Consumer Products Mechelen BVBA (fka Weidenhammer Belgium BVBA), Sonoco Consumer Products Montanay SAS (fka Neuvibox 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 (fka fka Weidenhammer Plastice Packaging GmbH), Sonoco Cores and Paper Limited, Sonoco Deutschland GmbH, Sonoco Deutschland Holdings GmbH, Sonoco Development Inc, Sonoco Elk Grove Inc, Sonoco Embalagens Ltda. (fka Sonoco Embalagens S.A.), 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 Rico Inc, 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, U.S. Paper Mills Corp., Weidenhammer Chile Ltda., Weidenhammer Packaging Group, Weidenhammer UK Ltd., and Wisenberg U.S. Inc.
Read More
When was Sonoco Products founded?

Sonoco Products was founded in 1899.

How can I contact Sonoco Products?

Sonoco Products' mailing address is 1 NORTH SECOND STREET, HARTSVILLE SC, 29550. The official website for the company is www.sonoco.com. The industrial products company can be reached via phone at (843) 383-7000, via email at roger.schrum@sonoco.com, or via fax at 512-416-9669.

This page (NYSE:SON) was last updated on 8/18/2022 by MarketBeat.com Staff

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