Heartland Advisors Inc. Invests $4.31 Million in Sonoco Products Company $SON

Heartland Advisors Inc. purchased a new position in shares of Sonoco Products Company (NYSE:SON) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 100,000 shares of the industrial products company’s stock, valued at approximately $4,309,000. Heartland Advisors Inc. owned about 0.10% of Sonoco Products as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp lifted its holdings in Sonoco Products by 0.3% during the 2nd quarter. State Street Corp now owns 4,470,449 shares of the industrial products company’s stock worth $194,733,000 after buying an additional 13,161 shares during the last quarter. Bank of America Corp DE raised its position in shares of Sonoco Products by 6.1% during the 2nd quarter. Bank of America Corp DE now owns 2,804,621 shares of the industrial products company’s stock valued at $122,169,000 after acquiring an additional 162,262 shares in the last quarter. Sei Investments Co. lifted its stake in Sonoco Products by 1.3% during the second quarter. Sei Investments Co. now owns 1,398,881 shares of the industrial products company’s stock worth $60,935,000 after purchasing an additional 18,308 shares during the last quarter. Norges Bank bought a new position in Sonoco Products during the second quarter worth $53,618,000. Finally, Private Management Group Inc. boosted its holdings in Sonoco Products by 4.2% in the second quarter. Private Management Group Inc. now owns 866,305 shares of the industrial products company’s stock worth $37,736,000 after purchasing an additional 34,777 shares during the period. 77.69% of the stock is owned by institutional investors.

Sonoco Products Price Performance

Shares of NYSE:SON opened at $56.70 on Wednesday. The firm’s 50 day moving average is $47.01 and its two-hundred day moving average is $44.56. The firm has a market capitalization of $5.59 billion, a P/E ratio of 9.00, a PEG ratio of 0.80 and a beta of 0.54. The company has a current ratio of 0.92, a quick ratio of 0.58 and a debt-to-equity ratio of 1.14. Sonoco Products Company has a 52 week low of $38.65 and a 52 week high of $57.83.

Sonoco Products (NYSE:SON) last issued its quarterly earnings data on Monday, February 16th. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.76 billion. Sonoco Products had a return on equity of 20.49% and a net margin of 8.82%.The business’s revenue for the quarter was up 29.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.17 EPS. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. Analysts anticipate that Sonoco Products Company will post 6.1 earnings per share for the current year.

Sonoco Products Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Wednesday, February 25th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Wednesday, February 25th. Sonoco Products’s dividend payout ratio is currently 33.65%.

Analysts Set New Price Targets

A number of brokerages have weighed in on SON. Wall Street Zen raised shares of Sonoco Products from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Jefferies Financial Group lowered their price objective on shares of Sonoco Products from $61.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, October 24th. Wells Fargo & Company reissued an “equal weight” rating and issued a $47.00 target price (down previously from $52.00) on shares of Sonoco Products in a report on Tuesday, January 6th. UBS Group lifted their target price on Sonoco Products from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. Finally, Truist Financial raised their price target on Sonoco Products from $53.00 to $54.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Sonoco Products presently has an average rating of “Hold” and an average price target of $54.86.

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.