Sonoco Products (NYSE:SON) CFO Buys $399,999.12 in Stock

Sonoco Products Company (NYSE:SON) CFO Paul Joachimczyk bought 8,058 shares of Sonoco Products stock in a transaction on Friday, April 24th. The shares were acquired at an average price of $49.64 per share, for a total transaction of $399,999.12. Following the completion of the acquisition, the chief financial officer owned 28,558 shares of the company’s stock, valued at approximately $1,417,619.12. This represents a 39.31% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Sonoco Products Stock Performance

SON stock opened at $48.40 on Monday. The business’s 50-day moving average price is $54.25 and its two-hundred day moving average price is $47.48. The company has a current ratio of 0.96, a quick ratio of 0.54 and a debt-to-equity ratio of 0.97. The firm has a market cap of $4.78 billion, a PE ratio of 4.74, a P/E/G ratio of 1.01 and a beta of 0.50. Sonoco Products Company has a 1-year low of $38.65 and a 1-year 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 for the quarter, missing the consensus estimate of $1.57 by ($0.37). The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.88 billion. Sonoco Products had a return on equity of 16.50% and a net margin of 13.57%.The business’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.38 earnings per share. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. As a group, research analysts forecast that Sonoco Products Company will post 5.83 earnings per share for the current year.

Sonoco Products Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th will be issued a dividend of $0.54 per share. This is a boost from Sonoco Products’s previous quarterly dividend of $0.53. This represents a $2.16 annualized dividend and a yield of 4.5%. The ex-dividend date is Friday, May 8th. Sonoco Products’s dividend payout ratio is presently 20.78%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SON. Bank of America reiterated a “buy” rating on shares of Sonoco Products in a report on Wednesday. Deutsche Bank Aktiengesellschaft initiated coverage on Sonoco Products in a report on Wednesday, April 1st. They issued a “buy” rating and a $63.00 price target on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Sonoco Products in a report on Wednesday, January 21st. Wall Street Zen upgraded Sonoco Products from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Finally, Wells Fargo & Company cut their price target on Sonoco Products from $60.00 to $56.00 and set an “equal weight” rating on the stock in a report on Friday, March 20th. Five analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $60.44.

Institutional Trading of Sonoco Products

Institutional investors have recently modified their holdings of the company. SBI Securities Co. Ltd. lifted its holdings in shares of Sonoco Products by 77.7% in the fourth quarter. SBI Securities Co. Ltd. now owns 590 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 258 shares in the last quarter. LRI Investments LLC acquired a new stake in shares of Sonoco Products in the fourth quarter valued at about $29,000. Cornerstone Planning Group LLC acquired a new stake in shares of Sonoco Products in the third quarter valued at about $29,000. True Wealth Design LLC increased its position in shares of Sonoco Products by 172.5% in the third quarter. True Wealth Design LLC now owns 744 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 471 shares during the last quarter. Finally, Ameriflex Group Inc. increased its position in shares of Sonoco Products by 1,263.6% in the third quarter. Ameriflex Group Inc. now owns 900 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 834 shares during the last quarter. 77.69% of the stock is currently owned by institutional investors.

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.