35,500 Shares in Sonoco Products Company $SON Purchased by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. bought a new position in shares of Sonoco Products Company (NYSE:SON) during the 2nd quarter, Holdings Channel reports. The firm bought 35,500 shares of the industrial products company’s stock, valued at approximately $2,000,000.

Other hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. lifted 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. WPG Advisers LLC grew its holdings in shares of Sonoco Products by 93.1% in the 1st quarter. WPG Advisers LLC now owns 612 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 295 shares during the period. LRI Investments LLC purchased a new position in Sonoco Products in the 4th quarter valued at approximately $29,000. Larson Financial Group LLC increased its stake in Sonoco Products by 1,826.9% in the 3rd quarter. Larson Financial Group LLC now owns 1,002 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 950 shares in the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new position in Sonoco Products during the fourth quarter worth $47,000. 77.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SON has been the topic of a number of research analyst reports. Bank of America boosted their target price on Sonoco Products from $65.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Citigroup raised their price target on Sonoco Products from $63.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Weiss Ratings raised Sonoco Products from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Robert W. Baird decreased their price objective on shares of Sonoco Products from $60.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Finally, Truist Financial increased their price objective on shares of Sonoco Products from $64.00 to $68.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Five investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $61.78.

Sonoco Products Price Performance

SON stock opened at $58.39 on Friday. Sonoco Products Company has a 1 year low of $38.65 and a 1 year high of $60.67. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.55 and a current ratio of 0.99. The stock’s 50 day moving average price is $55.65 and its 200 day moving average price is $53.39. The firm has a market cap of $5.77 billion, a P/E ratio of 9.28, a PEG ratio of 1.22 and a beta of 0.37.

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 analysts’ consensus estimates of $1.47 by $0.04. The firm 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%.Sonoco Products’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.37 EPS. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. On average, sell-side analysts expect that Sonoco Products Company will post 5.8 earnings per share for the current fiscal year.

Sonoco Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be paid a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.7%. Sonoco Products’s dividend payout ratio (DPR) is presently 34.34%.

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.