A&I Financial Services LLC Acquires Shares of 17,191 Sonoco Products Company $SON

A&I Financial Services LLC acquired a new stake in shares of Sonoco Products Company (NYSE:SON) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 17,191 shares of the industrial products company’s stock, valued at approximately $750,000.

A number of other hedge funds have also recently bought and sold shares of the business. Savant Capital LLC raised its stake in shares of Sonoco Products by 415.0% in the 3rd quarter. Savant Capital LLC now owns 37,875 shares of the industrial products company’s stock valued at $1,632,000 after purchasing an additional 30,520 shares in the last quarter. Allen Wealth Management LLC acquired a new stake in shares of Sonoco Products in the 3rd quarter valued at about $1,489,000. AlphaQuest LLC lifted its stake in Sonoco Products by 1,237.0% during the third quarter. AlphaQuest LLC now owns 24,079 shares of the industrial products company’s stock worth $1,038,000 after purchasing an additional 22,278 shares during the last quarter. Voya Investment Management LLC lifted its stake in Sonoco Products by 329.3% during the third quarter. Voya Investment Management LLC now owns 50,390 shares of the industrial products company’s stock worth $2,171,000 after purchasing an additional 38,653 shares during the last quarter. Finally, Pacer Advisors Inc. acquired a new position in Sonoco Products in the third quarter worth $560,000. Institutional investors and hedge funds own 77.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on SON shares. Wall Street Zen raised shares of Sonoco Products from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. UBS Group decreased their price objective on shares of Sonoco Products from $62.00 to $59.00 and set a “neutral” rating for the company in a report on Friday, April 10th. Zacks Research raised shares of Sonoco Products from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Wells Fargo & Company decreased their price objective on shares of Sonoco Products from $60.00 to $56.00 and set an “equal weight” rating for the company in a report on Friday, March 20th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Sonoco Products in a report on Wednesday, January 21st. Five equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $61.78.

Sonoco Products Stock Down 16.0%

Shares of Sonoco Products stock opened at $47.70 on Thursday. The company has a current ratio of 1.05, a quick ratio of 0.60 and a debt-to-equity ratio of 1.04. The business’s 50 day simple moving average is $54.36 and its 200-day simple moving average is $47.36. The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of 4.68, a PEG ratio of 1.14 and a beta of 0.50. Sonoco Products Company has a twelve month low of $38.65 and a twelve month high of $58.44.

Sonoco Products (NYSE:SON) last posted its earnings results on Tuesday, April 21st. The industrial products company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.37). The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.88 billion. Sonoco Products had a net margin of 13.57% and a return on equity of 16.72%. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.38 earnings per share. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. Equities research analysts forecast that Sonoco Products Company will post 5.92 earnings per share for the current year.

Sonoco Products Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Friday, May 8th. This is a positive change from Sonoco Products’s previous quarterly dividend of $0.53. Sonoco Products’s dividend payout ratio (DPR) is presently 21.05%.

Insider Transactions at Sonoco Products

In other Sonoco Products news, insider Ernest D. Haynes III sold 1,581 shares of the business’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $56.39, for a total transaction of $89,152.59. Following the completion of the transaction, the insider directly owned 9,377 shares of the company’s stock, valued at $528,769.03. The trade was a 14.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.98% of the stock is owned by insiders.

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.