Latest news with #SonocoProducts
Yahoo
31-05-2025
- Business
- Yahoo
Sonoco Products Company (NYSE:SON) is favoured by institutional owners who hold 82% of the company
Institutions' substantial holdings in Sonoco Products implies that they have significant influence over the company's share price A total of 16 investors have a majority stake in the company with 50% ownership Insiders have been buying lately We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. If you want to know who really controls Sonoco Products Company (NYSE:SON), then you'll have to look at the makeup of its share registry. With 82% stake, institutions possess the maximum shares in the company. In other words, the group stands to gain the most (or lose the most) from their investment into the company. Because institutional owners have a huge pool of resources and liquidity, their investing decisions tend to carry a great deal of weight, especially with individual investors. As a result, a sizeable amount of institutional money invested in a firm is generally viewed as a positive attribute. Let's delve deeper into each type of owner of Sonoco Products, beginning with the chart below. See our latest analysis for Sonoco Products Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. Sonoco Products already has institutions on the share registry. Indeed, they own a respectable stake in the company. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Sonoco Products, (below). Of course, keep in mind that there are other factors to consider, too. Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. Hedge funds don't have many shares in Sonoco Products. Our data shows that BlackRock, Inc. is the largest shareholder with 11% of shares outstanding. The Vanguard Group, Inc. is the second largest shareholder owning 11% of common stock, and State Street Global Advisors, Inc. holds about 4.5% of the company stock. Additionally, the company's CEO Robert Coker directly holds 0.5% of the total shares outstanding. Looking at the shareholder registry, we can see that 50% of the ownership is controlled by the top 16 shareholders, meaning that no single shareholder has a majority interest in the ownership. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. We can see that insiders own shares in Sonoco Products Company. It is a pretty big company, so it is generally a positive to see some potentially meaningful alignment. In this case, they own around US$51m worth of shares (at current prices). It is good to see this level of investment by insiders. You can check here to see if those insiders have been buying recently. The general public-- including retail investors -- own 16% stake in the company, and hence can't easily be ignored. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Be aware that Sonoco Products is showing 4 warning signs in our investment analysis , and 2 of those shouldn't be ignored... If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-05-2025
- Business
- Yahoo
Wells Fargo Upgrades Sonoco Products (SON) Stock, Lifts PT
On May 23, Wells Fargo analyst Gabe Hajde double upgraded Sonoco Products Company (NYSE:SON)'s stock to 'Overweight' from 'Underweight,' and raised the price objective to $55 from $45. As per the firm's analyst, the efforts to simplify the company with an emphasis on fewer but larger businesses continue to reach the advanced stages. Aerial view of a factory producing consumer packaging and fiber-based protective packaging. Furthermore, Wells Fargo believes that Sonoco Products Company (NYSE:SON)'s shares remain attractive because of the stock's valuation hovering below the historical averages, and there is a relatively clear path to higher profits. As per Wells Fargo, Sonoco Products Company (NYSE:SON) remains focused on 3 key areas, all with leadership positions. These areas include metal packaging, rigid paper packaging, and industrial paper packaging. The company continues to strengthen its balance sheet. With the sale of its Thermoformed and Flexibles Packaging business, Sonoco Products Company (NYSE:SON) has used after-tax proceeds of ~$1.56 billion to reduce debt. As a result, its net leverage ratio now sits at below 4.0x Net Debt/Adjusted EBITDA, and it is on track to achieve its targeted net leverage of 3.0x - 3.3x by 2026 end. Sonoco Products Company (NYSE:SON) is engaged in designing, developing, manufacturing, and selling several engineered and sustainable packaging products. While we acknowledge the potential of SON to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SON and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-05-2025
- Business
- Yahoo
Wells Fargo Upgrades Sonoco Products (SON) Stock, Lifts PT
On May 23, Wells Fargo analyst Gabe Hajde double upgraded Sonoco Products Company (NYSE:SON)'s stock to 'Overweight' from 'Underweight,' and raised the price objective to $55 from $45. As per the firm's analyst, the efforts to simplify the company with an emphasis on fewer but larger businesses continue to reach the advanced stages. Aerial view of a factory producing consumer packaging and fiber-based protective packaging. Furthermore, Wells Fargo believes that Sonoco Products Company (NYSE:SON)'s shares remain attractive because of the stock's valuation hovering below the historical averages, and there is a relatively clear path to higher profits. As per Wells Fargo, Sonoco Products Company (NYSE:SON) remains focused on 3 key areas, all with leadership positions. These areas include metal packaging, rigid paper packaging, and industrial paper packaging. The company continues to strengthen its balance sheet. With the sale of its Thermoformed and Flexibles Packaging business, Sonoco Products Company (NYSE:SON) has used after-tax proceeds of ~$1.56 billion to reduce debt. As a result, its net leverage ratio now sits at below 4.0x Net Debt/Adjusted EBITDA, and it is on track to achieve its targeted net leverage of 3.0x - 3.3x by 2026 end. Sonoco Products Company (NYSE:SON) is engaged in designing, developing, manufacturing, and selling several engineered and sustainable packaging products. While we acknowledge the potential of SON to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SON and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-05-2025
- Business
- Yahoo
Sonoco Products (NYSE:SON) Is Paying Out A Larger Dividend Than Last Year
Sonoco Products Company (NYSE:SON) has announced that it will be increasing its periodic dividend on the 10th of June to $0.53, which will be 1.9% higher than last year's comparable payment amount of $0.52. This will take the dividend yield to an attractive 4.7%, providing a nice boost to shareholder returns. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. A big dividend yield for a few years doesn't mean much if it can't be sustained. Prior to this announcement, the company was paying out 252% of what it was earning. Without profits and cash flows increasing, it would be difficult for the company to continue paying the dividend at this level. Analysts expect a massive rise in earnings per share in the next year. Assuming the dividend continues along recent trends, we estimate that the payout ratio could reach 36%, which is in a comfortable range for us. See our latest analysis for Sonoco Products The company has an extended history of paying stable dividends. The annual payment during the last 10 years was $1.28 in 2015, and the most recent fiscal year payment was $2.08. This implies that the company grew its distributions at a yearly rate of about 5.0% over that duration. Dividends have grown relatively slowly, which is not great, but some investors may value the relative consistency of the dividend. Some investors will be chomping at the bit to buy some of the company's stock based on its dividend history. However, things aren't all that rosy. Sonoco Products' EPS has fallen by approximately 23% per year during the past five years. Dividend payments are likely to come under some pressure unless EPS can pull out of the nosedive it is in. It's not all bad news though, as the earnings are predicted to rise over the next 12 months - we would just be a bit cautious until this becomes a long term trend. Overall, this is probably not a great income stock, even though the dividend is being raised at the moment. Although they have been consistent in the past, we think the payments are a little high to be sustained. We would probably look elsewhere for an income investment. It's important to note that companies having a consistent dividend policy will generate greater investor confidence than those having an erratic one. However, there are other things to consider for investors when analysing stock performance. For example, we've identified 4 warning signs for Sonoco Products (2 are concerning!) that you should be aware of before investing. Is Sonoco Products not quite the opportunity you were looking for? Why not check out our selection of top dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Business Insider
03-05-2025
- Business
- Business Insider
Seaport Global Sticks to Its Buy Rating for Sonoco Products (SON)
In a report released today, Mark Weintraub from Seaport Global reiterated a Buy rating on Sonoco Products (SON – Research Report), with a price target of $65.00. The company's shares closed yesterday at $44.71. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. According to TipRanks, Weintraub is ranked #1689 out of 9371 analysts. Sonoco Products has an analyst consensus of Strong Buy, with a price target consensus of $60.14, which is a 34.51% upside from current levels. In a report released on May 1, Bank of America Securities also maintained a Buy rating on the stock with a $60.00 price target. SON market cap is currently $4.41B and has a P/E ratio of 29.06. Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SON in relation to earlier this year. Earlier this month, Howard Coker, the President & CEO of SON bought 20,000.00 shares for a total of $823,400.00.
