Sonoco
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
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
107% more call options, than puts
Call options by funds: $8.85M | Put options by funds: $4.27M
2% more capital invested
Capital invested by funds: $4.02B [Q2] → $4.12B (+$98.3M) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
2% less funds holding
Funds holding: 470 [Q2] → 462 (-8) [Q3]
3.88% less ownership
Funds ownership: 80.6% [Q2] → 76.72% (-3.88%) [Q3]
12% less first-time investments, than exits
New positions opened: 60 | Existing positions closed: 68
13% less repeat investments, than reductions
Existing positions increased: 155 | Existing positions reduced: 179
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$55
11%
upside
Avg. target
$60
22%
upside
High target
$63
27%
upside
3 analyst ratings
2 positive
67%
1 neutral
33%
0 negative
0%
Truist Securities Michael Roxland 55% 1-year accuracy 24 / 44 met price target | 27%upside $63 | Buy Initiated | 26 Nov 2024 |
Baird Ghansham Panjabi 38% 1-year accuracy 11 / 29 met price target | 11%upside $55 | Neutral Maintained | 4 Nov 2024 |
Citigroup Anthony Pettinari 58% 1-year accuracy 29 / 50 met price target | 27%upside $63 | Buy Maintained | 2 Oct 2024 |
Financial journalist opinion
Based on 8 articles about SON published over the past 30 days
Positive
Zacks Investment Research
2 days ago
Sonoco Inks Agreement to Sell TFP Business to Focus on Core Business
SON inks sell agreement of its TFP Business for $1.8 billion to focus on core businesses and lower debt levels.
Neutral
PRNewsWire
2 days ago
TOPPAN Holdings Acquires Sonoco's TFP Business
Agreement reached on acquisition of Sonoco's TFP business as TOPPAN Group accelerates expansion of sustainable packaging business in Americas TOKYO , Dec. 18, 2024 /PRNewswire/ -- TOPPAN Holdings Inc. (TYO: 7911) (TOPPAN Holdings) has entered into an agreement with Sonoco Products Company (NYSE: SON) (Sonoco), a global leader in high-value sustainable packaging, to acquire Sonoco's Thermoformed & Flexible Packaging (TFP) business for approximately $1.8 billion on a cash-free and debt-free basis and subject to customary adjustments. This acquisition is highly complementary, combining the robust sales network, customer base, and solution development capabilities of Sonoco's TFP business in North and South America with the technical expertise and manufacturing capabilities of TOPPAN Group's global packaging business.
Neutral
GlobeNewsWire
3 days ago
Sonoco Completes Strategic Review, Announces Agreement to Sell Thermoformed and Flexibles Packaging (TFP) Business to TOPPAN Holdings Inc.
HARTSVILLE, S.C., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSE: SON), a global leader in high-value sustainable packaging, today announced it has entered into an agreement to sell its Thermoformed and Flexibles Packaging business (“TFP”) to TOPPAN Holdings Inc. (“Toppan”) for approximately $1.8 billion on a cash-free and debt-free basis and subject to customary adjustments (the “Transaction”).
Positive
Zacks Investment Research
2 weeks ago
Sonoco Boosts Portfolio With the Completion of Eviosys Buyout
SON closes the previously announced acquisition of Eviosys, which will now operate under its Consumer Packaging segment.
Positive
Seeking Alpha
2 weeks ago
Sonoco Products: M&A Activity Should Support Shares In 2025 (Rating Upgrade)
Sonoco Products' shares have underperformed, declining 8% over the past year, but recent strategic moves and cost reductions make it a buy opportunity. SON is acquiring Eviosys and divesting smaller units, aiming to improve its product mix and capitalize on sustainability trends. Sonoco's productivity gains and favorable demand trends in paper packaging support a positive outlook, with expected EPS growth and a secure 4% dividend yield.
Neutral
GlobeNewsWire
2 weeks ago
Sonoco Completes Acquisition of Eviosys
Creates a Global Leader in Metal Food and Aerosol Can Manufacturing Advances Sonoco's Portfolio Transformation Strategy HARTSVILLE, S.C., Dec. 04, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSE: SON), a global leader in high-value sustainable packaging, today announced the close of its acquisition of Eviosys, Europe's leading food cans, ends and closures manufacturer, from KPS Capital Partners, LP (“KPS”).
Positive
Market Watch
2 weeks ago
10 of Wall Street's favorite dividend stocks for 2025 with yields of at least 4%
Short-term interest rates are still high enough for you to get a yield of more than 4% on a savings account. But stocks with attractive dividend yields might also be appropriate for you, depending on your investment goals.
Positive
Benzinga
3 weeks ago
Sonoco Targets Growth With Consumer Focus, European Expansion
Shares of Sonoco Products Co SON have climbed more than 6% over the past five trading sessions.
Positive
Seeking Alpha
1 month ago
Top Dividend Aristocrats To Buy Now After The Trump Sweep
A potential 15% corporate tax rate could trigger a significant rally, similar to the 2017 euphoria, boosting S&P 500 earnings by 4%. Focus on undervalued, high-quality dividend aristocrats in consumer discretionary, materials and industrials sectors, which would benefit most from the tax cuts. These five aristocrats offer a 3.2% yield, 10% annual dividend growth, and 33% upside potential in the next year, even without tax cuts, and 38% with tax cuts.
Positive
Zacks Investment Research
1 month ago
Sonoco Earnings Surpass Estimates in Q3, Sales Decrease 2% Y/Y
SON Q3 top line reflects the impacts of the Protective Solutions divestiture and the thermoformed food packaging plant closure.
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