Campbell & CO Investment Adviser LLC Has $733,000 Holdings in Sonoco Products Company $SON

Campbell & CO Investment Adviser LLC decreased its position in Sonoco Products Company (NYSE:SON) by 65.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,006 shares of the industrial products company’s stock after selling 32,453 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Sonoco Products were worth $733,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the business. ST Germain D J Co. Inc. acquired a new stake in shares of Sonoco Products in the 2nd quarter valued at $26,000. TD Waterhouse Canada Inc. acquired a new stake in shares of Sonoco Products in the second quarter worth about $30,000. True Wealth Design LLC boosted its stake in shares of Sonoco Products by 172.5% during the 3rd quarter. True Wealth Design LLC now owns 744 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 471 shares in the last quarter. SouthState Corp increased its holdings in shares of Sonoco Products by 439.1% during the 2nd quarter. SouthState Corp now owns 1,240 shares of the industrial products company’s stock valued at $54,000 after acquiring an additional 1,010 shares during the last quarter. Finally, Hilltop National Bank bought a new position in shares of Sonoco Products in the 2nd quarter valued at approximately $56,000. 77.69% of the stock is owned by institutional investors.

Insider Transactions at Sonoco Products

In other news, CFO Paul Joachimczyk purchased 20,500 shares of the stock in a transaction that occurred on Wednesday, October 29th. The shares were purchased at an average cost of $39.50 per share, for a total transaction of $809,750.00. Following the completion of the purchase, the chief financial officer directly owned 20,500 shares of the company’s stock, valued at approximately $809,750. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John R. Haley acquired 2,506 shares of Sonoco Products stock in a transaction on Tuesday, October 28th. The stock was purchased at an average price of $39.87 per share, with a total value of $99,914.22. Following the transaction, the director directly owned 23,310 shares in the company, valued at approximately $929,369.70. This trade represents a 12.05% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.74% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Sonoco Products in a research report on Wednesday, October 8th. Bank of America raised shares of Sonoco Products from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $56.00 to $60.00 in a report on Monday, January 5th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $47.00 target price (down from $52.00) on shares of Sonoco Products in a research note on Tuesday, January 6th. Citigroup cut their target price on shares of Sonoco Products from $56.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, September 29th. Finally, Jefferies Financial Group decreased their price target on shares of Sonoco Products from $61.00 to $60.00 and set a “buy” rating for the company in a report on Friday, October 24th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $54.86.

Sonoco Products Price Performance

NYSE:SON opened at $47.70 on Wednesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.92 and a quick ratio of 0.58. Sonoco Products Company has a one year low of $38.65 and a one year high of $50.09. The company has a fifty day moving average price of $43.39 and a 200 day moving average price of $44.07. The stock has a market cap of $4.70 billion, a P/E ratio of 7.57, a PEG ratio of 0.76 and a beta of 0.55.

Sonoco Products (NYSE:SON) last posted its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.18 billion. Sonoco Products had a net margin of 8.82% and a return on equity of 20.49%. The business’s quarterly revenue was up 57.3% on a year-over-year basis. During the same period last year, the business posted $1.49 EPS. Analysts anticipate that Sonoco Products Company will post 6.1 earnings per share for the current year.

Sonoco Products Company Profile

Sonoco Products Company (NYSE: SON) is a global provider of diversified packaging solutions, serving a wide range of consumer, industrial and retail markets. The company offers a broad portfolio that includes rigid paper and plastic containers, flexible packaging, industrial core and tube products, thermoformed plastics, retail point-of-purchase displays, and packaging supply chain services. Through its solutions, Sonoco helps customers in food and beverage, personal care, chemicals, healthcare, home and garden, and electronics industries address their packaging needs, improve product shelf appeal, and optimize logistics efficiency.

With operations in more than 30 countries across North America, South America, Europe, Asia and Africa, Sonoco leverages a global network of manufacturing facilities, recycling centers and distribution channels to meet the demands of multinational and regional customers.