2 weeks Ago By Defense World Staff
Bank of Montreal Can boosted its holdings in Sonoco Products ( NYSE:SON – Free Report ) by 11.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,119 shares of the industrial products company’s stock after buying an additional 1,812 shares during the quarter.
Bank of Montreal Can’s holdings in Sonoco Products were worth $836,000 at the end of the most recent quarter. Other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Securities Inc.
lifted its position in Sonoco Products by 35.0% during the fourth quarter. Principal Securities Inc.
now owns 1,355 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 351 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Sonoco Products during the 3rd quarter valued at $71,000. Albion Financial Group UT bought a new position in shares of Sonoco Products during the 4th quarter valued at $84,000.
SRS Capital Advisors Inc. boosted its stake in shares of Sonoco Products by 311.8% in the 4th quarter.
SRS Capital Advisors Inc. now owns 1,713 shares of the industrial products company’s stock worth $84,000 after buying an additional 1,297 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Sonoco Products by 33.
8% in the fourth quarter. GAMMA Investing LLC now owns 3,158 shares of the industrial products company’s stock worth $154,000 after acquiring an additional 798 shares during the period. Institutional investors own 77.
69% of the company’s stock. Analysts Set New Price Targets SON has been the topic of several research reports. Wells Fargo & Company dropped their target price on Sonoco Products from $50.
00 to $48.00 and set an “underweight” rating on the stock in a research report on Monday, February 24th. Bank of America raised their price objective on shares of Sonoco Products from $66.
00 to $71.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Truist Financial reduced their target price on shares of Sonoco Products from $68.
00 to $60.00 and set a “buy” rating for the company in a report on Friday, February 21st. Citigroup dropped their price target on shares of Sonoco Products from $59.
00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Finally, StockNews.
com upgraded Sonoco Products from a “sell” rating to a “hold” rating in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.
com, the stock currently has an average rating of “Hold” and an average price target of $58.50. Insider Buying and Selling at Sonoco Products In other Sonoco Products news, CEO R.
Howard Coker purchased 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of $46.10 per share, with a total value of $922,000.
00. Following the completion of the purchase, the chief executive officer now directly owns 482,365 shares in the company, valued at $22,237,026.50.
This trade represents a 4.33 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website .
Also, Director John R. Haley acquired 3,000 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was acquired at an average cost of $46.
76 per share, with a total value of $140,280.00. Following the completion of the purchase, the director now directly owns 18,558 shares in the company, valued at approximately $867,772.
08. This represents a 19.28 % increase in their ownership of the stock.
The disclosure for this purchase can be found here . Insiders own 0.74% of the company’s stock.
Sonoco Products Trading Up 1.0 % Shares of SON stock opened at $43.85 on Friday.
The stock has a fifty day simple moving average of $45.91 and a two-hundred day simple moving average of $48.79.
Sonoco Products has a 52-week low of $39.46 and a 52-week high of $61.73.
The firm has a market capitalization of $4.32 billion, a PE ratio of 26.58, a PEG ratio of 0.
76 and a beta of 0.64. The company has a debt-to-equity ratio of 2.
18, a quick ratio of 1.91 and a current ratio of 0.79.
Sonoco Products ( NYSE:SON – Get Free Report ) last issued its earnings results on Tuesday, February 18th. The industrial products company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.
18 by ($0.01). Sonoco Products had a net margin of 2.
60% and a return on equity of 20.81%. The business had revenue of $1.
36 billion for the quarter, compared to the consensus estimate of $1.67 billion. On average, analysts predict that Sonoco Products will post 6.
1 EPS for the current fiscal year. Sonoco Products Increases Dividend The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th will be paid a $0.
53 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $2.
12 annualized dividend and a yield of 4.83%. This is a boost from Sonoco Products’s previous quarterly dividend of $0.
52. Sonoco Products’s payout ratio is presently 128.48%.
About Sonoco Products ( Free Report ) Sonoco Products Company, together with its subsidiaries, designs, develops, manufactures, and sells various engineered and sustainable packaging products in North and South America, Europe, Australia, and Asia. The company operates Consumer Packaging and Industrial Paper Packaging segments. The Consumer Packaging segment offers round and shaped rigid paper, steel, and plastic containers; metal and peelable membrane ends, closures, and components; thermoformed plastic trays and enclosures; and high-barrier flexible packaging products.
Featured Stories Five stocks we like better than Sonoco Products Are These Liquid Natural Gas Stocks Ready For An Upside Bounce? J.B. Hunt Transport Overcorrects Into a Buying Opportunity The Top 3 Healthcare Dividend Stocks to Buy and Hold AppLovin: Can Record Profits Overcome Market Skepticism? Natural Gas Prices Continue To Rally, These Stocks Should Benefit MarketBeat Week in Review – 04/14 – 04/18 Receive News & Ratings for Sonoco Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sonoco Products and related companies with MarketBeat.
com's FREE daily email newsletter ..
