SonocoSON
Market Cap: $5.41B
About: Over its 100-year-plus history, Sonoco Products has steadily assembled a diverse portfolio of industrial and consumer packaging product offerings such as flexible and rigid plastics, reels and spools, pallets, and composite cans. The company serves a variety of consumer and industrial end markets throughout North America. Sonoco has raised its dividend each year for more than 40 years.
Employees: 23,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
14% more first-time investments, than exits
New positions opened: 65 | Existing positions closed: 57
2% more funds holding
Funds holding: 459 [Q1] → 467 (+8) [Q2]
1.31% more ownership
Funds ownership: 78.3% [Q1] → 79.61% (+1.31%) [Q2]
9% less repeat investments, than reductions
Existing positions increased: 160 | Existing positions reduced: 175
11% less capital invested
Capital invested by funds: $4.44B [Q1] → $3.97B (-$475M) [Q2]
53% less call options, than puts
Call options by funds: $3.97M | Put options by funds: $8.49M
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Wells Fargo Gabe Hajde 58% 1-year accuracy 19 / 33 met price target | 5%downside $52 | Underweight Downgraded | 21 Aug 2024 |
Wells Fargo Gabe Hajde 58% 1-year accuracy 19 / 33 met price target | 2%downside $54 | Equal-Weight Maintained | 2 Aug 2024 |
Raymond James Matt Roberts 100% 1-year accuracy 7 / 7 met price target | 13%upside $62 | Outperform Initiated | 19 Jul 2024 |
Wells Fargo Gabe Hajde 58% 1-year accuracy 19 / 33 met price target | 0%downside $55 | Equal-Weight Maintained | 17 Jul 2024 |
Citigroup Anthony Pettinari 62% 1-year accuracy 34 / 55 met price target | 9%upside $60 | Buy Maintained | 8 Jul 2024 |
Financial journalist opinion
Based on 4 articles about SON published over the past 30 days