TD Private Client Wealth LLC Has $159,000 Holdings in Sonoco Products Company $SON

TD Private Client Wealth LLC lessened its holdings in shares of Sonoco Products Company (NYSE:SON) by 11.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,641 shares of the industrial products company’s stock after selling 475 shares during the period. TD Private Client Wealth LLC’s holdings in Sonoco Products were worth $159,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Sonoco Products by 508.1% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 900 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 752 shares during the period. UMB Bank n.a. lifted its holdings in Sonoco Products by 152.7% in the first quarter. UMB Bank n.a. now owns 950 shares of the industrial products company’s stock valued at $45,000 after buying an additional 574 shares during the period. Allworth Financial LP lifted its holdings in Sonoco Products by 152.0% in the first quarter. Allworth Financial LP now owns 1,071 shares of the industrial products company’s stock valued at $50,000 after buying an additional 646 shares during the period. Quarry LP lifted its holdings in Sonoco Products by 56.5% in the first quarter. Quarry LP now owns 1,518 shares of the industrial products company’s stock valued at $72,000 after buying an additional 548 shares during the period. Finally, Armstrong Advisory Group Inc. raised its holdings in shares of Sonoco Products by 1,458.6% during the second quarter. Armstrong Advisory Group Inc. now owns 2,260 shares of the industrial products company’s stock valued at $98,000 after purchasing an additional 2,115 shares during the period. Institutional investors and hedge funds own 77.69% of the company’s stock.

Sonoco Products Price Performance

Shares of NYSE:SON opened at $43.90 on Monday. The company’s fifty day moving average price is $46.32 and its 200-day moving average price is $45.59. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of 7.87, a PEG ratio of 0.59 and a beta of 0.70. Sonoco Products Company has a one year low of $39.46 and a one year high of $55.33. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.25 and a quick ratio of 0.72.

Sonoco Products (NYSE:SON) last issued its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.07). The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.92 billion. Sonoco Products had a return on equity of 20.46% and a net margin of 8.35%.Sonoco Products’s quarterly revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.28 EPS. Sonoco Products has set its FY 2025 guidance at 6.000-6.2 EPS. On average, equities research analysts anticipate that Sonoco Products Company will post 6.1 earnings per share for the current fiscal year.

Sonoco Products Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were issued a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $2.12 annualized dividend and a dividend yield of 4.8%. Sonoco Products’s dividend payout ratio (DPR) is currently 37.99%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Truist Financial upped their price objective on shares of Sonoco Products from $53.00 to $58.00 and gave the company a “buy” rating in a report on Friday, July 25th. UBS Group upped their price objective on shares of Sonoco Products from $48.00 to $50.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Finally, Raymond James Financial boosted their target price on shares of Sonoco Products from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $57.63.

Sonoco Products Profile

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 Consumer Packaging and Industrial Paper Packaging segments. 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.