Sonoco Products Company $SON Shares Bought by Savant Capital LLC

Savant Capital LLC grew its stake in shares of Sonoco Products Company (NYSE:SON) by 415.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,875 shares of the industrial products company’s stock after acquiring an additional 30,520 shares during the period. Savant Capital LLC’s holdings in Sonoco Products were worth $1,632,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Hantz Financial Services Inc. increased its stake in Sonoco Products by 457.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,924 shares of the industrial products company’s stock valued at $83,000 after purchasing an additional 1,579 shares in the last quarter. Cornerstone Planning Group LLC acquired a new stake in Sonoco Products in the third quarter valued at $29,000. Allianz Asset Management GmbH increased its position in shares of Sonoco Products by 46.2% in the third quarter. Allianz Asset Management GmbH now owns 81,728 shares of the industrial products company’s stock valued at $3,522,000 after buying an additional 25,836 shares in the last quarter. AGF Management Ltd. raised its stake in shares of Sonoco Products by 7.3% during the 3rd quarter. AGF Management Ltd. now owns 69,998 shares of the industrial products company’s stock worth $3,016,000 after buying an additional 4,750 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its position in shares of Sonoco Products by 58.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 14,246 shares of the industrial products company’s stock worth $626,000 after buying an additional 5,230 shares in the last quarter. Institutional investors and hedge funds own 77.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. UBS Group lifted their target price on shares of Sonoco Products from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. Jefferies Financial Group dropped their price objective on shares of Sonoco Products from $61.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, October 24th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $47.00 target price (down previously from $52.00) on shares of Sonoco Products in a research note on Tuesday, January 6th. Zacks Research raised Sonoco Products from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Sonoco Products in a research report on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $54.86.

Sonoco Products Stock Up 1.2%

SON opened at $51.41 on Monday. Sonoco Products Company has a 12 month low of $38.65 and a 12 month high of $51.83. The business has a 50-day moving average of $45.49 and a two-hundred day moving average of $44.30. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.92 and a quick ratio of 0.58. The stock has a market capitalization of $5.07 billion, a price-to-earnings ratio of 8.16, a price-to-earnings-growth ratio of 0.80 and a beta of 0.54.

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.