Sonoco Products Company manufactures and sells industrial and consumer packaging products in North and South America, Europe, Australia, and Asia. The company operates through four segments: Consumer Packaging, Display and Packaging, Paper and Industrial Converted Products, and Protective Solutions. The Consumer Packaging segment offers composite and thermoformed plastic round and shaped rigid containers and trays; extruded and injection-molded plastic products; printed flexible packaging products; brand artwork management; and metal and peelable membrane ends and closures. The Display and Packaging segment offers point-of-purchase displays; supply chain management services comprising contract packing, fulfillment, and scalable service centers; retail packaging, including printed backer cards, thermoformed blisters, and heat sealing equipment; and paper amenities, such as coasters and glass covers. The Paper and Industrial Converted Products segment provides paperboard tubes and cores; fiber-based construction tubes and forms; wooden, metal, and composite wire and cable reels and spools; and recycled paperboard, linerboard, corrugating medium, recovered paper, and material recycling services. The Protective Solutions segment provides custom-engineered, paperboard-based, and expanded foam protective packaging and components; and temperature-assured packaging products. 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.
Industry, Sector and Symbol
Industry Paperboard containers & boxes
Sub-IndustryPaper Packaging
SectorIndustrial Products
SymbolNYSE:SON
CUSIP83549510
Phone843-383-7000
Debt
Debt-to-Equity Ratio0.72%
Current Ratio1.61%
Quick Ratio1.09%
Price-To-Earnings
Trailing P/E Ratio18.55
Forward P/E Ratio15.73
P/E Growth3.37
Sales & Book Value
Annual Sales$5.04 billion
Price / Sales1.02
Cash Flow$5.0243 per share
Price / Cash10.30
Book Value$18.06 per share
Price / Book2.87
Profitability
EPS (Most Recent Fiscal Year)$2.79
Net Income$175.34 million
Net Margins3.79%
Return on Equity17.02%
Return on Assets6.56%
Miscellaneous
Employees21,000
Outstanding Shares99,490,000
Sonoco (NYSE:SON) Frequently Asked Questions
What is Sonoco's stock symbol?
Sonoco trades on the New York Stock Exchange (NYSE) under the ticker symbol "SON."
How often does Sonoco pay dividends? What is the dividend yield for Sonoco?
Sonoco announced a quarterly dividend on Wednesday, April 18th. Investors of record on Friday, May 11th will be given a dividend of $0.41 per share on Friday, June 8th. This represents a $1.64 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend is Thursday, May 10th. This is a positive change from Sonoco's previous quarterly dividend of $0.39. View Sonoco's Dividend History.
How were Sonoco's earnings last quarter?
Sonoco (NYSE:SON) issued its quarterly earnings data on Thursday, February, 15th. The industrial products company reported $0.72 earnings per share for the quarter, missing analysts' consensus estimates of $0.73 by $0.01. The industrial products company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.27 billion. Sonoco had a return on equity of 17.02% and a net margin of 3.79%. The firm's revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.62 EPS. View Sonoco's Earnings History.
When is Sonoco's next earnings date?
What guidance has Sonoco issued on next quarter's earnings?
Sonoco issued an update on its FY18 earnings guidance on Thursday, April, 19th. The company provided earnings per share (EPS) guidance of $3.22-3.32 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.22. Sonoco also updated its Q2 guidance to $0.83-0.89 EPS.
What price target have analysts set for SON?
7 brokerages have issued 1 year price targets for Sonoco's shares. Their predictions range from $45.00 to $60.00. On average, they expect Sonoco's stock price to reach $53.6667 in the next twelve months. View Analyst Ratings for Sonoco.
What are Wall Street analysts saying about Sonoco stock?
Here are some recent quotes from research analysts about Sonoco stock:
- 1. KeyCorp analysts commented, "We consider SON a solid defensive holding on account of its relatively low leverage (below 2.0x), high dividend yield, and continued and perhaps underappreciated shift toward consumer-oriented businesses. However, volume/mix remains a challenge, and at nearly 9.0x our 2018 adj. EBITDA estimate, we think the valuation is fair and consequently reiterate our SW rating." (4/19/2018)
- 2. According to Zacks Investment Research, "For full-year 2018, Sonoc's adjusted earnings per share guidance of $3.16-$3.26 reflects year-over-year growth of 15% at the mid-point. The company anticipates to benefit from improvement in volume and productivity, as well as the impact of the tax reform. It remains committed to execute its Grow and Optimize strategy, which is focused on acquisitions and developing new products. In lines with this, Sonoco Products' pending acquisition of Highland Packaging Solutions will further strengthen its thermoforming business and increase presence in the fast-growing fresh perimeter of grocery stores.Strong performance of the consumer business and rebound in the ThermoSafe will also drive results. However, impact of the transition tax, inflationary pressure and operational issues will affect Sonoco’s performance. It has underperformed the industry over the past year." (4/3/2018)
Who are some of Sonoco's key competitors?
Some companies that are related to Sonoco include James Hardie Industries (JHX), SKF (SKFRY), Avery Dennison (AVY), Fortune Brands Home & Security (FBHS), Nordson (NDSN), Allegion (ALLE), Graco (GGG), Alstom (ALO), Zebra Technologies (ZBRA), Berry Global Group (BERY), Sealed Air (SEE), HD Supply (HDS), Middleby (MIDD), ADT (ADT), NSK (NPSKY), Crown (CCK), Halma (HLMAF) and Hubbell (HUBB).
Who are Sonoco's key executives?
Sonoco's management team includes the folowing people:
- Mr. Harris E. DeLoach Jr., Exec. Chairman (Age 73)
- Mr. M. Jack Sanders, Pres, CEO & Director (Age 64)
- Mr. Barry L. Saunders, Sr. VP & CFO (Age 59)
- Mr. Robert C. Tiede, Exec. VP & COO (Age 59)
- Mr. Rodger D. Fuller, Sr. VP of Paper/Industrial Converting Americas, Reels & Display and Packaging (Age 56)
Has Sonoco been receiving favorable news coverage?
Press coverage about SON stock has trended somewhat positive this week, according to Accern. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sonoco earned a media sentiment score of 0.03 on Accern's scale. They also gave media stories about the industrial products company an impact score of 46.07 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
How do I buy shares of Sonoco?
Shares of SON can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Sonoco's stock price today?
One share of SON stock can currently be purchased for approximately $51.75.
How big of a company is Sonoco?
Sonoco has a market capitalization of $5.15 billion and generates $5.04 billion in revenue each year. The industrial products company earns $175.34 million in net income (profit) each year or $2.79 on an earnings per share basis. Sonoco employs 21,000 workers across the globe.
How can I contact Sonoco?
Sonoco's mailing address is 1 NORTH SECOND STREET, HARTSVILLE SC, 29550. The industrial products company can be reached via phone at 843-383-7000 or via email at [email protected]
MarketBeat Community Rating for Sonoco (SON)
MarketBeat's community ratings are surveys of what our community members think about Sonoco and other stocks. Vote "Outperform" if you believe SON will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SON will underperform the S&P 500 over the long term. You may vote once every thirty days.
Sonoco (NYSE:SON) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
7 Wall Street analysts have issued ratings and price targets for Sonoco in the last 12 months. Their average twelve-month price target is $53.6667, suggesting that the stock has a possible upside of 3.70%. The high price target for SON is $60.00 and the low price target for SON is $45.00. There are currently 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.29 | 2.43 | 2.29 | 2.13 |
| Ratings Breakdown: | 0 Sell Rating(s)
5 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
4 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
5 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
5 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $53.6667 | $53.00 | $53.00 | $52.00 |
| Price Target Upside: | 3.70% upside | 13.73% upside | 0.24% downside | 0.06% downside |
Sonoco (NYSE:SON) Consensus Price Target History
Sonoco (NYSE:SON) Analyst Ratings History
Show:
(Data available from 4/22/2016 forward)
Sonoco (NYSE:SON) Dividend Information
Sonoco pays an annual dividend of $1.56 per share, with a dividend yield of 3.01%. SON's next quarterly dividend payment will be made on Friday, June 8. The company has grown its dividend for the last 37 consecutive years and is increasing its dividend by an average of 6.60% each year. Sonoco pays out 55.91% of its earnings out as a dividend.
| Next Dividend: | 6/8/2018 |
| Annual Dividend: | $1.56 |
| Dividend Yield: | 3.01% |
| Dividend Growth: | 6.60% (3 Year Average) |
| Payout Ratio: | 55.91% (Trailing 12 Months of Earnings)
47.42% (Based on This Year's Estimates)
44.96% (Based on Next Year's Estimates)
|
| Track Record: | 37 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Sonoco (NYSE:SON) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 4/18/2018 | quarterly | $0.41 | 3.27% | 5/10/2018 | 5/11/2018 | 6/8/2018 |
| 2/14/2018 | quarterly | $0.39 | 3.09094511591044% | 2/27/2018 | 2/28/2018 | 3/9/2018 |
| 10/16/2017 | quarterly | $0.39 | 3.04% | 11/9/2017 | 11/10/2017 | 12/8/2017 |
| 7/19/2017 | quarterly | $0.39 | 3.01% | 8/9/2017 | 8/11/2017 | 9/8/2017 |
| 4/19/2017 | quarterly | $0.39 | 2.95% | 5/10/2017 | 5/12/2017 | 6/9/2017 |
| 2/9/2017 | quarterly | $0.37 | 2.8% | 2/17/2017 | 2/22/2017 | 3/10/2017 |
| 10/18/2016 | quarterly | $0.37 | 2.9% | 11/8/2016 | 11/11/2016 | 12/9/2016 |
| 7/20/2016 | quarterly | $0.37 | 2.88% | 8/10/2016 | 8/12/2016 | 9/9/2016 |
| 4/20/2016 | quarterly | $0.37 | 3.14% | 5/11/2016 | 5/13/2016 | 6/10/2016 |
| 2/10/2016 | quarterly | $0.35 | 3.47% | 2/22/2016 | 2/24/2016 | 3/10/2016 |
| 10/19/2015 | quarterly | $0.35 | 3.34% | 11/10/2015 | 11/13/2015 | 12/10/2015 |
| 7/14/2015 | quarterly | $0.35 | 3.26% | 8/12/2015 | 8/14/2015 | 9/10/2015 |
| 4/15/2015 | quarterly | $0.35 | 3.13% | 5/13/2015 | 5/16/2015 | 6/10/2015 |
| 2/11/2015 | quarterly | $0.32 | 2.7% | 2/23/2015 | 2/25/2015 | 3/10/2015 |
| 10/13/2014 | quarterly | $0.32 | 3.41% | 11/12/2014 | 11/14/2014 | 12/10/2014 |
| 7/16/2014 | quarterly | $0.32 | 3.08% | 8/13/2014 | 8/15/2014 | 9/10/2014 |
| 4/16/2014 | quarterly | $0.32 | 3.04% | 5/14/2014 | 5/16/2014 | 6/10/2014 |
| 2/12/2014 | quarterly | $0.31 | 2.96% | 2/24/2014 | 2/26/2014 | 3/10/2014 |
| 10/14/2013 | quarterly | $0.31 | 3.21% | 11/13/2013 | 11/15/2013 | 12/10/2013 |
| 7/17/2013 | quarterly | $0.31 | 3.4% | 8/14/2013 | 8/16/2013 | 9/10/2013 |
| 4/17/2013 | quarterly | $0.31 | 3.64% | 5/15/2013 | 5/17/2013 | 6/10/2013 |
| 2/13/2013 | quarterly | $0.30 | 3.75% | 2/25/2013 | 2/27/2013 | 3/8/2013 |
(Data available from 1/1/2013 forward)
Sonoco (NYSE SON) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.70%
Institutional Ownership Percentage: 70.83%
Sonoco (NYSE SON) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 10/26/2017 | Barry L Saunders | CFO | Sell | 5,645 | $52.39 | $295,741.55 | 60,455 |  |
| 10/20/2017 | Vicki B Arthur | SVP | Sell | 727 | $53.00 | $38,531.00 | 33,998 | |
| 10/2/2017 | Marcy J Thompson | VP | Sell | 565 | $51.00 | $28,815.00 | | |
| 4/21/2017 | Marcy J Thompson | VP | Sell | 940 | $53.28 | $50,083.20 | 8,489 | |
| 3/20/2017 | James A Harrell III | VP | Sell | 556 | $54.50 | $30,302.00 | 13,218 | |
| 2/28/2017 | R. Howard Coker | SVP | Sell | 9,691 | $53.35 | $517,014.85 | 149,340 | |
| 1/25/2017 | Roger P Schrum | VP | Sell | 884 | $55.00 | $48,620.00 | 10,394 | |
| 1/4/2017 | Roger P Schrum | VP | Sell | 808 | $54.00 | $43,632.00 | 10,394 | |
| 11/7/2016 | John E Linville | Director | Sell | 54,000 | $50.46 | $2,724,840.00 | 223,787 | |
| 11/7/2016 | Kevin P Mahoney | SVP | Sell | 212 | $50.57 | $10,720.84 | 3,729 | |
| 10/26/2016 | R. Howard Coker | VP | Sell | 1,390 | $49.65 | $69,013.50 | 159,340 | |
| 8/26/2016 | Mancil J Sanders | CEO | Sell | 16,254 | $52.00 | $845,208.00 | 187,296 | |
| 8/4/2016 | Edgar H Lawton III | Director | Sell | 20,000 | $51.08 | $1,021,600.00 | 5,305 | |
| 7/29/2016 | Barry L Saunders | CFO | Sell | 3,809 | $51.09 | $194,601.81 | 64,444 | |
| 7/25/2016 | Robert L Puechl | VP | Sell | 1,389 | $51.23 | $71,158.47 | 22,629 | |
| 7/22/2016 | John E Linville | Director | Sell | 33,746 | $51.54 | $1,739,268.84 | 223,787 | |
| 7/22/2016 | Vicki B Arthur | VP | Sell | 1,721 | $51.00 | $87,771.00 | 39,753 | |
| 7/1/2016 | James A Harrell III | VP | Sell | 1,000 | $50.00 | $50,000.00 | 3,811 | |
| 6/30/2016 | James A Harrell III | VP | Sell | 1,000 | $49.00 | $49,000.00 | 4,811 | |
| 6/6/2016 | Marcy J Thompson | VP | Sell | 533 | $48.00 | $25,584.00 | 8,590 | |
| 5/31/2016 | Barry L Saunders | CFO | Sell | 9,009 | $47.63 | $429,098.67 | 40,047 | |
| 5/31/2016 | James A Harrell III | VP | Sell | 2,048 | $47.87 | $98,037.76 | 19,181 | |
| 4/27/2016 | Vicki B Arthur | VP | Sell | 4,000 | $48.00 | $192,000.00 | 25,553 | |
| 4/22/2016 | R. Howard Coker | VP | Sell | 9,320 | $47.49 | $442,606.80 | 148,777 | |
| 3/11/2016 | Roger P Schrum | VP | Sell | 1,283 | $45.53 | $58,414.99 | 11,224 | |
| 3/3/2016 | Roger P Schrum | VP | Sell | 2,023 | $45.00 | $91,035.00 | 15,264 | |
| 2/24/2016 | Ritchie L Bond | VP | Sell | 2,924 | $42.22 | $123,451.28 | 274 | |
| 2/18/2016 | Robert L. Puechl | VP | Sell | 1,394 | $42.23 | $58,868.62 | 10,488 | |
| 12/1/2015 | James A Harrell III | VP | Sell | 1,000 | $44.50 | $44,500.00 | 2,966 | |
| 11/23/2015 | James A Harrell III | VP | Sell | 1,000 | $43.50 | $43,500.00 | 3,966 | |
| 11/4/2015 | James A. Harrell III | VP | Sell | 2,531 | $42.19 | $106,782.89 | 4,966 | |
| 5/19/2015 | Marty F Pignone | VP | Sell | 1,633 | $46.45 | $75,852.85 | | |
| 2/26/2015 | Harris E Deloach Jr | Chairman | Sell | 11,155 | $47.50 | $529,862.50 | | |
| 2/26/2015 | R. Howard Coker | VP | Sell | 3,932 | $47.50 | $186,770.00 | | |
| 2/24/2015 | Barry L Saunders | CFO | Sell | 13,666 | $47.05 | $642,985.30 | | |
| 2/24/2015 | Mancil J Sanders | CEO | Sell | 3,387 | $46.85 | $158,680.95 | | |
| 2/24/2015 | Ritchie L Bond | VP | Sell | 1,648 | $46.84 | $77,192.32 | | |
| 2/19/2015 | Marc D Oken | Director | Buy | 2,000 | $47.00 | $94,000.00 | | |
| 2/13/2015 | R. Howard Coker | VP | Sell | 6,954 | $46.39 | $322,596.06 | | |
| 2/12/2015 | Vicki B Arthur | VP | Sell | 1,971 | $46.95 | $92,538.45 | | |
| 2/10/2015 | John M Colyer | VP | Sell | 1,915 | $46.34 | $88,741.10 | | |
| 12/29/2014 | Allan H Mcleland | VP | Sell | 2,329 | $44.60 | $103,873.40 | | |
| 12/23/2014 | Marty F Pignone | VP | Sell | 2,570 | $44.47 | $114,287.90 | | |
| 12/19/2014 | Rodger D Fuller | VP | Sell | 4,719 | $43.85 | $206,928.15 | | |
| 11/25/2014 | Robert L Puechl | VP | Sell | 1,264 | $41.95 | $53,024.80 | | |
| 11/11/2014 | Harris E Deloach Jr | Chairman | Sell | 16,766 | $41.62 | $697,800.92 | | |
| 11/10/2014 | Rodger D Fuller | VP | Sell | 2,852 | $41.95 | $119,641.40 | | |
| 11/7/2014 | Harris E Deloach Jr | Chairman | Sell | 80,000 | $41.14 | $3,291,200.00 | | |
| 11/6/2014 | Marty F Pignone | VP | Sell | 2,766 | $40.95 | $113,267.70 | | |
| 8/26/2014 | Mancil J Sanders | CEO | Sell | 19,770 | $40.50 | $800,685.00 | | |
| 8/26/2014 | Vicki B Arthur | VP | Sell | 1,811 | $40.66 | $73,635.26 | | |
| 4/21/2014 | John Colyer | VP | Sell | 8,172 | $42.03 | $343,469.16 | 29,169 | |
| 12/26/2013 | Harris Deloach, Jr. | Chairman | Sell | 40,690 | $41.25 | $1,678,462.50 | 475,987 | |
| 12/26/2013 | John Linville | Director | Sell | 5,000 | $41.21 | $206,050.00 | 233,787 | |
| 12/24/2013 | Harris Deloach, Jr. | Chairman | Sell | 149,310 | $41.25 | $6,159,037.50 | 516,677 | |
| 10/28/2013 | Pamela Lewis Davies | Director | Sell | 5,000 | $40.68 | $203,400.00 | | |
| 10/25/2013 | Harris E Deloach Jr | Chairman | Sell | 2,810 | $40.75 | $114,507.50 | | |
| 10/23/2013 | R. Howard Coker | VP | Sell | 3,500 | $40.69 | $142,415.00 | | |
| 10/22/2013 | Rodger D Fuller | VP | Sell | 10,978 | $40.25 | $441,864.50 | | |
| 10/18/2013 | Thomas E Whiddon | Director | Sell | 2,410 | $39.67 | $95,604.70 | | |
| 10/18/2013 | Vicki B Arthur | VP | Sell | 2,020 | $40.01 | $80,820.20 | | |
| 10/17/2013 | John M Colyer | VP | Sell | 6,485 | $40.00 | $259,400.00 | | |
| 8/29/2013 | Pamela Lewis Davies | Director | Sell | 2,000 | $38.10 | $76,200.00 | | |
| 8/23/2013 | Ritchie Bond | VP | Sell | 2,709 | $38.15 | $103,348.35 | | |
| 8/6/2013 | Marty Pignone | VP | Sell | 10,985 | $39.03 | $428,744.55 | 11,627 | |
| 8/5/2013 | James Micali | Director | Sell | 5,000 | $39.21 | $196,050.00 | 4,828 | |
| 8/1/2013 | Rodger Fuller | VP | Sell | 1,305 | $39.00 | $50,895.00 | 53,144 | |
| 7/31/2013 | Robert C Tiede | VP | Sell | 7,580 | $38.52 | $291,981.60 | | |
| 7/23/2013 | R. Howard Coker | VP | Sell | 1,817 | $38.17 | $69,354.89 | | |
| 7/22/2013 | Robert L Puechl | VP | Sell | 1,515 | $38.50 | $58,327.50 | | |
| 7/19/2013 | James M Micali | Director | Sell | 4,000 | $36.59 | $146,360.00 | | |
| 7/19/2013 | Robert L Puechl | VP | Sell | 3,977 | $37.00 | $147,149.00 | | |
| 7/11/2013 | John M Colyer | VP | Sell | 3,200 | $36.13 | $115,616.00 | | |
| 5/16/2013 | Rodger D Fuller | VP | Sell | 10,000 | $35.50 | $355,000.00 | | |
| 5/9/2013 | Barry L Saunders | CFO | Sell | 1,198 | $35.41 | $42,421.18 | | |
| 2/15/2013 | James M Micali | Director | Sell | 2,000 | $32.39 | $64,780.00 | | |
| 12/26/2012 | Harris E Deloach Jr | CEO | Sell | 9,100 | $30.00 | $273,000.00 | | |
(Data available from 1/1/2013 forward)
Sonoco (NYSE SON) News Headlines
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Sonoco (NYSE:SON) SEC Filings
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Sonoco (NYSE:SON) Income Statement, Balance Sheet and Cash Flow Statement
Sonoco (NYSE SON) Stock Chart for Sunday, April, 22, 2018
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