Sonoco Products Company (NYSE:SON) Given Average Recommendation of “Hold” by Brokerages

Shares of Sonoco Products Company (NYSE:SON) have earned an average rating of “Hold” from the ten analysts that are covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $62.6250.

Several research firms have commented on SON. UBS Group lifted their price target on shares of Sonoco Products from $48.00 to $62.00 and gave the stock a “neutral” rating in a research note on Thursday. Truist Financial reaffirmed a “buy” rating and set a $69.00 target price (up previously from $54.00) on shares of Sonoco Products in a report on Friday. Weiss Ratings reissued a “hold (c-)” rating on shares of Sonoco Products in a research note on Wednesday, January 21st. Bank of America upgraded shares of Sonoco Products from a “neutral” rating to a “buy” rating and upped their price target for the company from $56.00 to $60.00 in a research report on Monday, January 5th. Finally, Robert W. Baird lifted their price objective on Sonoco Products from $48.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday.

Sonoco Products Trading Up 0.7%

Shares of SON stock opened at $56.48 on Friday. The business has a 50-day moving average price of $47.88 and a two-hundred day moving average price of $44.81. Sonoco Products has a 12-month low of $38.65 and a 12-month high of $58.44. The company has a quick ratio of 0.58, a current ratio of 1.05 and a debt-to-equity ratio of 1.04. The firm has a market cap of $5.57 billion, a P/E ratio of 5.61, a price-to-earnings-growth ratio of 1.13 and a beta of 0.54.

Sonoco Products (NYSE:SON) last announced its quarterly earnings data on Monday, February 16th. The industrial products company reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.76 billion. Sonoco Products had a return on equity of 18.52% and a net margin of 13.34%.The company’s revenue was up 29.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.17 EPS. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. Equities analysts anticipate that Sonoco Products will post 6.1 EPS for the current fiscal year.

Sonoco Products Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 25th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Wednesday, February 25th. Sonoco Products’s payout ratio is 21.05%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Powell Investment Advisors LLC increased its position in Sonoco Products by 1.0% during the 4th quarter. Powell Investment Advisors LLC now owns 20,718 shares of the industrial products company’s stock valued at $904,000 after purchasing an additional 203 shares during the period. IFP Advisors Inc boosted its stake in shares of Sonoco Products by 8.6% during the 4th quarter. IFP Advisors Inc now owns 2,996 shares of the industrial products company’s stock valued at $131,000 after purchasing an additional 237 shares in the last quarter. SBI Securities Co. Ltd. increased its position in shares of Sonoco Products by 77.7% during the fourth quarter. SBI Securities Co. Ltd. now owns 590 shares of the industrial products company’s stock valued at $26,000 after buying an additional 258 shares during the period. CIBC Private Wealth Group LLC raised its stake in Sonoco Products by 5.3% in the third quarter. CIBC Private Wealth Group LLC now owns 6,006 shares of the industrial products company’s stock worth $259,000 after buying an additional 304 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its holdings in Sonoco Products by 2.8% in the third quarter. Linden Thomas Advisory Services LLC now owns 12,742 shares of the industrial products company’s stock worth $549,000 after buying an additional 345 shares during the period. Institutional investors own 77.69% of the company’s stock.

About Sonoco Products

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.