AlphaQuest LLC Has $102,000 Stock Holdings in Sonoco Products Company $SON

AlphaQuest LLC lessened its position in shares of Sonoco Products Company (NYSE:SON) by 91.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,160 shares of the industrial products company’s stock after selling 22,709 shares during the quarter. AlphaQuest LLC’s holdings in Sonoco Products were worth $102,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Sonoco Products by 508.1% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 900 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 752 shares during the period. UMB Bank n.a. lifted its stake in shares of Sonoco Products by 152.7% during the first quarter. UMB Bank n.a. now owns 950 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 574 shares during the period. Colonial Trust Co SC lifted its stake in Sonoco Products by 90.6% in the fourth quarter. Colonial Trust Co SC now owns 953 shares of the industrial products company’s stock valued at $47,000 after buying an additional 453 shares during the period. Allworth Financial LP lifted its stake in Sonoco Products by 152.0% in the first quarter. Allworth Financial LP now owns 1,071 shares of the industrial products company’s stock valued at $50,000 after buying an additional 646 shares during the period. Finally, Versant Capital Management Inc lifted its stake in Sonoco Products by 474.8% in the first quarter. Versant Capital Management Inc now owns 2,299 shares of the industrial products company’s stock valued at $109,000 after buying an additional 1,899 shares during the period. Institutional investors and hedge funds own 77.69% of the company’s stock.

Sonoco Products Stock Down 1.1%

Shares of Sonoco Products stock opened at $46.71 on Wednesday. Sonoco Products Company has a 1 year low of $39.46 and a 1 year high of $56.66. The business has a 50-day moving average of $46.16 and a two-hundred day moving average of $45.67. The company has a market capitalization of $4.61 billion, a P/E ratio of 8.37, a price-to-earnings-growth ratio of 0.64 and a beta of 0.70. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.25 and a quick ratio of 0.72.

Sonoco Products (NYSE:SON) last announced its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.07). Sonoco Products had a return on equity of 20.46% and a net margin of 8.35%.The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter last year, the company earned $1.28 earnings per share. The firm’s revenue was up 17.7% compared to the same quarter last year. Sonoco Products has set its FY 2025 guidance at 6.000-6.2 EPS. As a group, equities analysts predict that Sonoco Products Company will post 6.1 EPS for the current year.

Sonoco Products Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 8th will be issued a dividend of $0.53 per share. The ex-dividend date is Friday, August 8th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.5%. Sonoco Products’s dividend payout ratio (DPR) is presently 37.99%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SON shares. Raymond James Financial increased their target price on Sonoco Products from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. Wells Fargo & Company raised Sonoco Products from an “underweight” rating to an “overweight” rating and increased their target price for the company from $45.00 to $55.00 in a research note on Friday, May 23rd. Wall Street Zen raised Sonoco Products from a “sell” rating to a “hold” rating in a research note on Wednesday, May 7th. UBS Group increased their target price on Sonoco Products from $48.00 to $50.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Finally, Truist Financial increased their target price on Sonoco Products from $53.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Sonoco Products currently has a consensus rating of “Moderate Buy” and an average price target of $57.63.

Sonoco Products Profile

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.