RBF Capital LLC Purchases 29,596 Shares of Sonoco Products Company $SON

RBF Capital LLC grew its stake in shares of Sonoco Products Company (NYSE:SON) by 59.2% in the fourth quarter, Holdings Channel reports. The fund owned 79,596 shares of the industrial products company’s stock after acquiring an additional 29,596 shares during the quarter. RBF Capital LLC’s holdings in Sonoco Products were worth $3,474,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. grew its position in shares of Sonoco Products by 77.7% during the 4th quarter. SBI Securities Co. Ltd. now owns 590 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 258 shares during the period. LRI Investments LLC bought a new position in shares of Sonoco Products during the 4th quarter valued at approximately $29,000. Ameriflex Group Inc. grew its position in shares of Sonoco Products by 1,263.6% during the 3rd 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 period. Larson Financial Group LLC grew its position in shares of Sonoco Products by 1,826.9% during the 3rd quarter. Larson Financial Group LLC now owns 1,002 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 950 shares during the period. Finally, Cullen Frost Bankers Inc. bought a new position in shares of Sonoco Products during the 4th quarter valued at approximately $47,000. 77.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on SON shares. Robert W. Baird reduced their target price on shares of Sonoco Products from $60.00 to $55.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Wells Fargo & Company reduced their target price on shares of Sonoco Products from $60.00 to $56.00 and set an “equal weight” rating for the company in a research report on Friday, March 20th. Truist Financial reissued a “buy” rating and set a $65.00 target price (down from $68.00) on shares of Sonoco Products in a research report on Tuesday, April 28th. Raymond James Financial reissued a “market perform” rating on shares of Sonoco Products in a research report on Friday, March 6th. Finally, Argus raised shares of Sonoco Products to a “hold” rating in a research report on Monday, April 20th. Five research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Sonoco Products currently has an average rating of “Hold” and an average price target of $60.11.

Insiders Place Their Bets

In related news, insider James A. Harrell III purchased 6,753 shares of the firm’s stock in a transaction dated Monday, April 27th. The shares were purchased at an average price of $50.37 per share, with a total value of $340,148.61. Following the acquisition, the insider directly owned 10,070 shares of the company’s stock, valued at approximately $507,225.90. This represents a 203.59% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Paul Joachimczyk purchased 8,058 shares of the firm’s stock in a transaction dated Friday, April 24th. The stock was bought at an average cost of $49.64 per share, for a total transaction of $399,999.12. Following the acquisition, the chief financial officer directly owned 28,558 shares in the company, valued at approximately $1,417,619.12. The trade was a 39.31% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.98% of the stock is owned by corporate insiders.

Sonoco Products Stock Performance

NYSE SON opened at $51.24 on Wednesday. Sonoco Products Company has a 1 year low of $38.65 and a 1 year high of $58.44. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.96 and a quick ratio of 0.54. The stock has a market capitalization of $5.07 billion, a PE ratio of 5.02, a P/E/G ratio of 1.06 and a beta of 0.39. The company’s 50 day simple moving average is $50.86 and its two-hundred day simple moving average is $49.70.

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 the consensus estimate of $1.57 by ($0.37). Sonoco Products had a return on equity of 16.50% and a net margin of 13.57%.The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the prior year, the company earned $1.38 earnings per share. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. Analysts predict that Sonoco Products Company will post 5.81 earnings per share for the current fiscal year.

Sonoco Products Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Friday, May 8th. This is a positive change from Sonoco Products’s previous quarterly dividend of $0.53. Sonoco Products’s payout ratio is currently 21.18%.

Sonoco Products 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.