Sonoco Products Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sonoco Products in the last twelve months. There are currently 5 hold ratings for the stock. The consensus among Wall Street equities research 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.
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Wall Street analysts have given Sonoco Products a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Sonoco Products wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Sonoco Products is scheduled to release its next quarterly earnings announcement on Thursday, October 28th 2021.
View our earnings forecast for Sonoco Products.

Sonoco Products (NYSE:SON) posted its quarterly earnings results on Thursday, July, 22nd. The industrial products company reported $0.84 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.86 by $0.02. The industrial products company earned $1.38 billion during the quarter, compared to analysts' expectations of $1.30 billion. Sonoco Products had a negative net margin of 3.50% and a positive trailing twelve-month return on equity of 18.41%. The business's revenue was up 11.0% compared to the same quarter last year. During the same period last year, the business earned $0.79 EPS.
View Sonoco Products' earnings history.

Sonoco Products' stock was trading at $47.68 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, SON shares have increased by 26.2% and is now trading at $60.18.
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Sonoco Products announced a quarterly dividend on Thursday, July 22nd. Investors of record on Tuesday, August 10th will be paid a dividend of $0.45 per share on Friday, September 10th. This represents a $1.80 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Monday, August 9th.
View Sonoco Products' dividend history.

Sonoco Products pays an annual dividend of $1.80 per share and currently has a dividend yield of 2.99%. Sonoco Products does not yet have a strong track record of dividend growth. The dividend payout ratio of Sonoco Products is 52.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Sonoco Products will have a dividend payout ratio of 46.88% next year. This indicates that Sonoco Products will be able to sustain or increase its dividend.
View Sonoco Products' dividend history.

Sonoco Products issued an update on its FY 2021 earnings guidance on Thursday, August, 5th. The company provided earnings per share guidance of $3.500-$3.600 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.570. The company issued revenue guidance of -.

5 analysts have issued twelve-month price targets for Sonoco Products' stock. Their forecasts range from $57.00 to $67.00. On average, they anticipate Sonoco Products' stock price to reach $62.40 in the next year. This suggests a possible upside of 3.7% from the stock's current price.
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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.

Some companies that are related to Sonoco Products include Xylem (XYL), Dover (DOV), Ingersoll Rand (IR), W.W. Grainger (GWW), Amcor (AMCR), BAE Systems (BA), Avery Dennison (AVY), IDEX (IEX), Xinyi Glass (XYIGF), Halma (HLMAF), Norsk Hydro ASA (NHYDY), Plug Power (PLUG), NortonLifeLock (NLOK), Crown (CCK) and Nordson (NDSN).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Sonoco Products investors own include RPM International (RPM), AT&T (T), The Coca-Cola (KO), The Procter & Gamble (PG), Johnson & Johnson (JNJ), Altria Group (MO), Verizon Communications (VZ), Intel (INTC), Pfizer (PFE) and Exxon Mobil (XOM).

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

Sonoco Products' stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.89%), Vanguard Group Inc. (10.67%), State Street Corp (6.63%), American Century Companies Inc. (5.46%), Invesco Ltd. (3.63%) and Royal Bank of Canada (2.42%). Company insiders that own Sonoco Products stock include Harold G Cummings III, James A Harrell III, John M Florence, Rodger D Fuller and Roger P Schrum.
View institutional ownership trends for Sonoco Products.

SON stock was sold by a variety of institutional investors in the last quarter, including Invesco Ltd., Renaissance Technologies LLC, BlackRock Inc., Cubist Systematic Strategies LLC, Royal Bank of Canada, Nuveen Asset Management LLC, American Century Companies Inc., and Credit Suisse AG. Company insiders that have sold Sonoco Products company stock in the last year include James A Harrell III, John M Florence, Rodger D Fuller, and Roger P Schrum.
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SON stock was purchased by a variety of institutional investors in the last quarter, including Macquarie Group Ltd., State Street Corp, Vanguard Group Inc., Charles Schwab Investment Management Inc., Impax Asset Management Group plc, Amalgamated Bank, DekaBank Deutsche Girozentrale, and Man Group plc.
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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.
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One share of SON stock can currently be purchased for approximately $60.18.

Sonoco Products has a market capitalization of $5.92 billion and generates $5.24 billion in revenue each year. The industrial products company earns $207.46 million in net income (profit) each year or $3.41 on an earnings per share basis.

Sonoco Products employs 20,000 workers across the globe.

Sonoco Products was founded in 1899.

The official website for Sonoco Products is www.sonoco.com.

Sonoco Products is headquartered at 1 NORTH SECOND STREET, HARTSVILLE SC, 29550.

Sonoco Products' 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].