Insider Selling: Sonoco Products (NYSE:SON) VP Sells $15,284.16 in Stock

Sonoco Products Company (NYSE:SON) VP John Florence sold 261 shares of the company’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $58.56, for a total value of $15,284.16. Following the completion of the sale, the vice president owned 15,795 shares in the company, valued at $924,955.20. This trade represents a 1.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Sonoco Products Price Performance

Shares of SON opened at $56.45 on Monday. The business has a 50-day moving average of $53.20 and a 200-day moving average of $52.46. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.99 and a quick ratio of 0.55. The company has a market capitalization of $5.58 billion, a price-to-earnings ratio of 8.97, a price-to-earnings-growth ratio of 1.19 and a beta of 0.37. Sonoco Products Company has a 1 year low of $38.65 and a 1 year high of $60.67.

Sonoco Products (NYSE:SON) last announced its earnings results on Wednesday, July 22nd. The industrial products company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.47 by $0.04. The business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Sonoco Products had a return on equity of 16.50% and a net margin of 8.41%.The firm’s revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.37 earnings per share. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. As a group, equities research analysts anticipate that Sonoco Products Company will post 5.8 earnings per share for the current year.

Sonoco Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be given a dividend of $0.54 per share. The ex-dividend date is Monday, August 10th. This represents a $2.16 annualized dividend and a dividend yield of 3.8%. Sonoco Products’s dividend payout ratio is 34.34%.

Institutional Trading of Sonoco Products

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wasatch Advisors LP boosted its holdings in Sonoco Products by 15.9% in the second quarter. Wasatch Advisors LP now owns 81,167 shares of the industrial products company’s stock worth $4,574,000 after acquiring an additional 11,130 shares in the last quarter. Evanson Financial LLC bought a new stake in shares of Sonoco Products during the second quarter valued at approximately $165,000. Hilltop National Bank raised its position in shares of Sonoco Products by 49.7% during the second quarter. Hilltop National Bank now owns 1,777 shares of the industrial products company’s stock worth $100,000 after purchasing an additional 590 shares during the period. Access Investment Management LLC raised its position in shares of Sonoco Products by 11.5% during the first quarter. Access Investment Management LLC now owns 289,855 shares of the industrial products company’s stock worth $15,678,000 after purchasing an additional 29,980 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of Sonoco Products by 19.0% in the 1st quarter. Bank of America Corp DE now owns 3,312,638 shares of the industrial products company’s stock worth $179,181,000 after purchasing an additional 528,292 shares in the last quarter. 77.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SON has been the topic of several recent analyst reports. Robert W. Baird dropped their target price on shares of Sonoco Products from $60.00 to $55.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Wall Street Zen downgraded Sonoco Products from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. UBS Group dropped their price objective on Sonoco Products from $62.00 to $59.00 and set a “neutral” rating on the stock in a research note on Friday, April 10th. Citigroup upped their target price on Sonoco Products from $63.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Finally, Weiss Ratings cut Sonoco Products from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, July 20th. Five analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $61.78.

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.