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DOW   32,803.47
QQQ   321.75
Buffett's firm reports $44B loss but its businesses thrive
Musk says Twitter deal could move ahead with 'bot' info
Senate parliamentarian OKs most of Dems' drug price controls
Dems' climate, energy, tax bill clears initial Senate hurdle
Senate rules referee weakens Dem drug plan in economic bill
Demand for grocery delivery cools as food costs rise
Venezuela, Colombia border areas hopeful as reopening looms
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
Buffett's firm reports $44B loss but its businesses thrive
Musk says Twitter deal could move ahead with 'bot' info
Senate parliamentarian OKs most of Dems' drug price controls
Dems' climate, energy, tax bill clears initial Senate hurdle
Senate rules referee weakens Dem drug plan in economic bill
Demand for grocery delivery cools as food costs rise
Venezuela, Colombia border areas hopeful as reopening looms
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
Buffett's firm reports $44B loss but its businesses thrive
Musk says Twitter deal could move ahead with 'bot' info
Senate parliamentarian OKs most of Dems' drug price controls
Dems' climate, energy, tax bill clears initial Senate hurdle
Senate rules referee weakens Dem drug plan in economic bill
Demand for grocery delivery cools as food costs rise
Venezuela, Colombia border areas hopeful as reopening looms
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
Buffett's firm reports $44B loss but its businesses thrive
Musk says Twitter deal could move ahead with 'bot' info
Senate parliamentarian OKs most of Dems' drug price controls
Dems' climate, energy, tax bill clears initial Senate hurdle
Senate rules referee weakens Dem drug plan in economic bill
Demand for grocery delivery cools as food costs rise
Venezuela, Colombia border areas hopeful as reopening looms
NYSE:SON

Sonoco Products (SON) Stock Forecast, Price & News

$61.12
-0.08 (-0.13%)
(As of 08/5/2022 12:00 AM ET)
Add
Compare
Today's Range
$60.41
$61.59
50-Day Range
$51.71
$63.93
52-Week Range
$51.52
$67.06
Volume
566,842 shs
Average Volume
507,591 shs
Market Capitalization
$5.96 billion
P/E Ratio
14.28
Dividend Yield
3.21%
Price Target
$65.50

Sonoco Products MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
7.2% Upside
$65.50 Price Target
Short Interest
Healthy
1.86% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.61
Upright™ Environmental Score
News Sentiment
-0.10mentions of Sonoco Products in the last 14 days
Based on 4 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.

2.11 out of 5 stars

Industrial Products Sector

111th out of 210 stocks

Paperboard Containers & Boxes Industry

4th out of 5 stocks

Sonoco Products 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.

Sonoco Products Stock Down 0.1 %

Shares of SON traded down $0.08 during midday trading on Friday, hitting $61.12. The company had a trading volume of 566,842 shares, compared to its average volume of 507,591. The company's 50-day simple moving average is $58.45 and its 200-day simple moving average is $58.98. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.80 and a current ratio of 1.36. The firm has a market capitalization of $5.96 billion, a P/E ratio of 14.28, a P/E/G ratio of 1.93 and a beta of 0.73. Sonoco Products has a 1 year low of $51.52 and a 1 year high of $67.06.

Sonoco Products (NYSE:SON - Get Rating) last released its earnings results on Thursday, July 21st. The industrial products company reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.67 by $0.09. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.91 billion. Sonoco Products had a return on equity of 28.33% and a net margin of 6.47%. The company's revenue for the quarter was up 38.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 earnings per share. As a group, sell-side analysts expect that Sonoco Products will post 6.33 EPS for the current year.

Sonoco Products Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Wednesday, August 10th will be given a dividend of $0.49 per share. The ex-dividend date is Tuesday, August 9th. This represents a $1.96 dividend on an annualized basis and a yield of 3.21%. Sonoco Products's payout ratio is 45.79%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company upped their price objective on shares of Sonoco Products to $67.00 in a report on Friday, July 22nd. Citigroup upped their price objective on shares of Sonoco Products to $73.00 in a report on Monday, July 25th. TheStreet upgraded shares of Sonoco Products from a "c+" rating to a "b-" rating in a report on Thursday, July 21st. Deutsche Bank Aktiengesellschaft increased their price target on shares of Sonoco Products from $63.00 to $65.00 in a report on Monday, April 18th. Finally, Seaport Res Ptn downgraded shares of Sonoco Products from a "buy" rating to a "neutral" rating in a report on Friday, April 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Sonoco Products currently has a consensus rating of "Hold" and a consensus target price of $65.57.

Insider Activity

In related news, insider Ernest D. Haynes III sold 1,673 shares of the company's stock in a transaction 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 directly owns 5,063 shares in the company, valued at $318,969. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Sonoco Products news, 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 transaction of $105,399.00. Following the transaction, the insider now owns 5,063 shares of the company's stock, valued at approximately $318,969. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, 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 directly owns 83,818 shares in the company, valued at approximately $5,241,139.54. The disclosure for this sale can be found here. Company insiders own 0.47% of the company's stock.

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SON Stock News Headlines

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
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
Today
8/07/2022
Ex-Dividend for 9/9 Dividend
8/09/2022
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
+7.2%
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
$6.05 per share
Book Value
$19.86 per share

Miscellaneous

Free Float
97,048,000
Market Cap
$5.96 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 twelve months. 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" Sonoco Products stock. 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 analyst ratings for Sonoco Products
or view top-rated stocks.

What is Sonoco Products' stock price forecast for 2022?

6 brokerages have issued 12 month price objectives for Sonoco Products' shares. Their SON stock forecasts range from $60.00 to $73.00. On average, they predict Sonoco Products' share price to reach $65.50 in the next twelve months. This suggests a possible upside of 7.2% from the stock's current price.
View analysts' price targets for Sonoco Products
or view top-rated stocks among Wall Street analysts.

How has Sonoco Products' stock price performed in 2022?

Sonoco Products' stock was trading at $57.89 at the start of the year. Since then, SON stock has increased by 5.6% and is now trading at $61.12.
View the best growth stocks for 2022 here
.

When is Sonoco Products' next earnings date?

Sonoco Products is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our earnings forecast for Sonoco Products
.

How were Sonoco Products' earnings last quarter?

Sonoco Products (NYSE:SON) issued its quarterly earnings data on Thursday, July, 21st. The industrial products company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.09. The industrial products company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.91 billion. Sonoco Products had a net margin of 6.47% and a trailing twelve-month return on equity of 28.33%. The company's revenue for the quarter was up 38.4% on a year-over-year basis. During the same period last year, the firm earned $0.84 EPS.

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 paid a dividend of $0.49 per share on Friday, September 9th. This represents a $1.96 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend is Tuesday, August 9th.
View Sonoco Products' dividend history
.

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 3.21%. Sonoco Products 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 of Sonoco Products is 45.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Sonoco Products will have a dividend payout ratio of 32.24% next year. This indicates that Sonoco Products will be able to sustain or increase its dividend.
View Sonoco Products' dividend history.

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

Sonoco Products updated its third quarter 2022 earnings guidance on Friday, July, 29th. The company provided earnings per share (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 CEO R. Howard Coker on Glassdoor.com. R. Howard Coker has an approval rating of 86% among Sonoco Products' 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 number of institutional and retail investors. Top institutional shareholders include Victory Capital Management Inc. (1.94%), Brown Advisory Inc. (1.08%), ProShare Advisors LLC (0.39%), Assenagon Asset Management S.A. (0.32%), Russell Investments Group Ltd. (0.26%) and Quilter Plc (0.25%). Company insiders that own Sonoco Products 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 for Sonoco Products
.

How do I buy shares of Sonoco Products?

Shares of SON 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 $61.12.

How much money does Sonoco Products make?

Sonoco Products (NYSE:SON) has a market capitalization of $5.96 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?

Sonoco Products 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 Sonoco Products 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 8/7/2022 by MarketBeat.com Staff

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