Evolve Private Wealth LLC Takes Position in Sonoco Products Company $SON

by · The Markets Daily

Evolve Private Wealth LLC acquired a new position in shares of Sonoco Products Company (NYSE:SON – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,772 shares of the industrial products company’s stock, valued at approximately $832,000.

Several other institutional investors also recently modified their holdings of SON. Emerald Investment Advisers LLC purchased a new position in Sonoco Products in the 2nd quarter worth approximately $207,000. Landscape Capital Management L.L.C. bought a new stake in shares of Sonoco Products during the 2nd quarter worth $965,000. EP Wealth Advisors LLC bought a new stake in shares of Sonoco Products during the 2nd quarter worth $203,000. Ieq Capital LLC purchased a new position in Sonoco Products in the second quarter worth $1,950,000. Finally, Heartland Advisors Inc. purchased a new position in Sonoco Products in the second quarter worth $8,452,000. 77.69% of the stock is currently owned by institutional investors.

Sonoco Products Price Performance

SON stock opened at $59.51 on Monday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.55 and a current ratio of 0.99. Sonoco Products Company has a 52 week low of $38.65 and a 52 week high of $60.67. The firm’s fifty day moving average is $55.83 and its 200 day moving average is $53.46. The firm has a market cap of $5.88 billion, a P/E ratio of 9.46, a P/E/G ratio of 1.26 and a beta of 0.37.

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

Sonoco Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be issued a $0.54 dividend. The ex-dividend date is Monday, August 10th. This represents a $2.16 annualized dividend and a dividend yield of 3.6%. Sonoco Products’s payout ratio is currently 34.34%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Wall Street Zen downgraded Sonoco Products from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Truist Financial upped their price objective on Sonoco Products from $64.00 to $68.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Bank of America increased their price objective on Sonoco Products from $65.00 to $69.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Citigroup raised their price objective on Sonoco Products from $63.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Finally, Weiss Ratings upgraded Sonoco Products from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 3rd. Five research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $61.78.

Check Out Our Latest Report on SON

Sonoco Products Profile

(Free Report)

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.

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