106,546 Shares in Sonoco Products Company $SON Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new position in shares of Sonoco Products Company (NYSE:SON) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 106,546 shares of the industrial products company’s stock, valued at approximately $6,004,000. Public Employees Retirement System of Ohio owned about 0.11% of Sonoco Products at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in SON. BlackRock Inc. bought a new stake in shares of Sonoco Products during the 2nd quarter worth about $657,016,000. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Sonoco Products by 477.8% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 5,901,950 shares of the industrial products company’s stock valued at $257,561,000 after acquiring an additional 4,880,438 shares during the last quarter. State Street Corp raised its stake in shares of Sonoco Products by 0.3% in the 2nd quarter. State Street Corp now owns 4,470,449 shares of the industrial products company’s stock valued at $194,733,000 after acquiring an additional 13,161 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Sonoco Products by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,931,180 shares of the industrial products company’s stock worth $212,632,000 after purchasing an additional 32,810 shares during the last quarter. Finally, Bank of America Corp DE acquired a new stake in Sonoco Products in the 2nd quarter worth approximately $204,968,000. Institutional investors and hedge funds own 77.69% of the company’s stock.

Sonoco Products Stock Performance

SON opened at $54.69 on Thursday. The company has a quick ratio of 0.55, a current ratio of 0.99 and a debt-to-equity ratio of 0.97. The stock’s 50 day moving average price is $56.67 and its two-hundred day moving average price is $53.76. The firm has a market capitalization of $5.41 billion, a P/E ratio of 8.69, a price-to-earnings-growth ratio of 1.25 and a beta of 0.36. Sonoco Products Company has a 12-month low of $38.65 and a 12-month high of $60.67.

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

Sonoco Products Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be issued a $0.54 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $2.16 dividend on an annualized basis and a yield of 3.9%. Sonoco Products’s dividend payout ratio is 34.34%.

Analyst Ratings Changes

SON has been the topic of several analyst reports. Citigroup increased their price target on Sonoco Products from $63.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Bank of America upped their price objective on shares of Sonoco Products from $65.00 to $69.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Truist Financial raised their target price 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. Finally, Weiss Ratings upgraded shares of Sonoco Products from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, August 26th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Sonoco Products has a consensus rating of “Moderate Buy” and an average target price of $61.78.

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.