Sonoco Products Co. (NYSE:SON) SVP Kevin P. Mahoney sold 212 shares of the company’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $50.57, for a total transaction of $10,720.84. Following the completion of the sale, the senior vice president now owns 3,729 shares in the company, valued at approximately $188,575.53. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of Sonoco Products Co. (NYSE:SON) opened at 51.20 on Thursday. Sonoco Products Co. has a 52 week low of $36.56 and a 52 week high of $53.57. The stock has a market cap of $5.11 billion, a price-to-earnings ratio of 22.07 and a beta of 1.03. The stock’s 50 day moving average is $51.01 and its 200 day moving average is $49.89.

Sonoco Products (NYSE:SON) last announced its quarterly earnings data on Thursday, October 20th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.68 by $0.04. Sonoco Products had a net margin of 4.84% and a return on equity of 17.84%. The business earned $1.21 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the business posted $0.65 EPS. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, equities analysts forecast that Sonoco Products Co. will post $2.74 EPS for the current year.

Insider Buying and Selling by Quarter for Sonoco Products (NYSE:SON)

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Friday, November 11th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Tuesday, November 8th. Sonoco Products’s payout ratio is 63.52%.

A number of equities research analysts recently weighed in on SON shares. Jefferies Group upped their target price on shares of Sonoco Products from $42.00 to $46.00 and gave the stock a “hold” rating in a report on Thursday, July 14th. Vertical Research lowered shares of Sonoco Products from a “hold” rating to a “sell” rating in a research note on Friday, July 22nd. BMO Capital Markets reiterated a “hold” rating and issued a $46.00 price objective on shares of Sonoco Products in a research note on Friday, July 22nd. Zacks Investment Research upgraded shares of Sonoco Products from a “sell” rating to a “hold” rating in a research note on Monday, July 25th. Finally, Vertical Group lowered shares of Sonoco Products from a “hold” rating to a “sell” rating in a research note on Monday, July 25th. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $46.38.

A number of hedge funds have recently made changes to their positions in SON. First Midwest Bank Trust Division raised its position in Sonoco Products by 0.3% in the third quarter. First Midwest Bank Trust Division now owns 8,728 shares of the company’s stock valued at $461,000 after buying an additional 24 shares during the period. Ray Gerald L & Associates Ltd. raised its position in Sonoco Products by 0.7% in the third quarter. Ray Gerald L & Associates Ltd. now owns 5,033 shares of the company’s stock valued at $266,000 after buying an additional 33 shares during the period. National Planning Corp raised its position in Sonoco Products by 0.3% in the second quarter. National Planning Corp now owns 12,494 shares of the company’s stock valued at $632,000 after buying an additional 41 shares during the period. Weaver C. Barksdale & Associates Inc. raised its position in Sonoco Products by 0.3% in the second quarter. Weaver C. Barksdale & Associates Inc. now owns 18,600 shares of the company’s stock valued at $924,000 after buying an additional 47 shares during the period. Finally, Lowe Brockenbrough & Co. Inc. raised its position in Sonoco Products by 1.1% in the second quarter. Lowe Brockenbrough & Co. Inc. now owns 6,495 shares of the company’s stock valued at $323,000 after buying an additional 70 shares during the period. Institutional investors and hedge funds own 68.92% of the company’s stock.

About Sonoco Products

Sonoco Products Company (Sonoco) is a manufacturer of industrial and consumer packaging products and a provider of packaging services. The Company operates in four segments: Consumer Packaging, Paper and Industrial Converted Products, Display and Packaging, and Protective Solutions. Its Consumer Packaging segment’s products and services include round composite cans, aluminum, steel and peelable membrane easy-open closures for composite and metal cans; plastic bottles, cups and trays, and printed flexible packaging and global brand management.

5 Day Chart for NYSE:SON

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