News stories about Sonoco Products (NYSE:SON) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sonoco Products earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 47.4770935734273 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:

Shares of Sonoco Products (NYSE SON) traded down $0.50 on Wednesday, hitting $54.69. 376,640 shares of the stock were exchanged, compared to its average volume of 530,487. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.59 and a quick ratio of 1.11. The stock has a market cap of $5,511.78, a P/E ratio of 20.69, a PEG ratio of 4.25 and a beta of 1.15. Sonoco Products has a 1-year low of $47.10 and a 1-year high of $55.77.

Sonoco Products (NYSE:SON) last announced its quarterly earnings results on Thursday, October 19th. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.02. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.27 billion. Sonoco Products had a net margin of 5.63% and a return on equity of 16.40%. The business’s revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.72 EPS. equities analysts forecast that Sonoco Products will post 2.8 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 10th will be issued a $0.39 dividend. The ex-dividend date is Thursday, November 9th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.85%. Sonoco Products’s dividend payout ratio is presently 57.35%.

A number of equities analysts have commented on SON shares. Bank of America upgraded shares of Sonoco Products from an “underperform” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Wednesday, September 6th. Robert W. Baird restated a “buy” rating and set a $60.00 price objective on shares of Sonoco Products in a research report on Friday, November 10th. Zacks Investment Research downgraded shares of Sonoco Products from a “hold” rating to a “sell” rating in a research report on Tuesday, September 19th. Jefferies Group restated a “hold” rating and set a $48.00 price objective on shares of Sonoco Products in a research report on Thursday, September 7th. Finally, KeyCorp restated a “hold” rating on shares of Sonoco Products in a research report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $52.00.

In other news, VP Marcy J. Thompson sold 565 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $51.00, for a total value of $28,815.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Vicki B. Arthur sold 727 shares of the stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $53.00, for a total transaction of $38,531.00. Following the completion of the transaction, the senior vice president now owns 33,998 shares of the company’s stock, valued at approximately $1,801,894. The disclosure for this sale can be found here. Insiders sold a total of 6,937 shares of company stock valued at $363,088 in the last quarter. Insiders own 1.90% of the company’s stock.

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About Sonoco Products

Sonoco Products Company is engaged in manufacturing of industrial and consumer packaging products, and providing 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.

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

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