Sonoco Products (SON) Stock Price, News & Analysis

Company Overview

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. The Industrial Paper Packaging segment provides paperboard tubes, cones, and cores; paper-based protective packaging products; and uncoated recycled paperboard products. It also offers various packaging materials, including plastic, paper, foam, and other specialty materials. Sonoco Products Company sells its products in various markets, which include paper, textile, film, food, packaging, construction, and wire and cable. The company was founded in 1899 and is headquartered in Hartsville, South Carolina.

Key Stats

• Today's Range: $49.01 to $50.23
• 50-Day Range: $49.19 to $55.68
• 52-Week Range: $48.22 to $61.73
• Volume: 521,823 shs
• Average Volume: 658,537 shs
• Market Capitalization: $4.91 billion
• P/E Ratio: 17.18
• Dividend Yield: 4.16%
• Price Target: $58.00
• Consensus Rating: Hold

Sonoco Products Stock Analysis - MarketRank™

Sonoco Products scored higher than 88% of companies evaluated by MarketBeat, and ranked 24th out of 178 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.1 / 5
• Analyst Rating: Hold

Consensus Rating

Sonoco Products has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 2 buy ratings, 1 hold rating, and 1 sell rating.

Amount of Analyst Coverage

Sonoco Products has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 3.92%

Earnings Growth

Earnings for Sonoco Products are expected to grow by 3.92% in the coming year, from $5.10 to $5.30 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Sonoco Products is 17.18, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.48.

Price to Earnings Ratio vs. Sector

The P/E ratio of Sonoco Products is 17.18, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 22.31.

Price to Earnings Growth Ratio

Sonoco Products has a PEG Ratio of 2.06. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Sonoco Products has a P/B Ratio of 2.01. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.11% of the float of Sonoco Products has been sold short.

Short Interest Ratio / Days to Cover

Sonoco Products has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Sonoco Products has recently decreased by 32.92%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Sonoco Products is a leading dividend payer. It pays a dividend yield of 4.15%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Sonoco Products does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Sonoco Products is 71.48%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Sonoco Products will have a dividend payout ratio of 39.25% next year. This indicates that Sonoco Products will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.7 / 5
• Environmental Score: -2.86

Percentage of Shares Shorted

1.11% of the float of Sonoco Products has been sold short.

Short Interest Ratio / Days to Cover

Sonoco Products has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Sonoco Products has recently decreased by 32.92%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 1.67

News Sentiment

Sonoco Products has a news sentiment score of 1.67. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.76 average news sentiment score of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Sonoco Products this week, compared to 4 articles on an average week.

Search Interest

Only 2 people have searched for SON on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

Only 3 people have added Sonoco Products to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Sonoco Products insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.51% of the stock of Sonoco Products is held by insiders.

Percentage Held by Institutions

77.69% of the stock of Sonoco Products is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SON Stock Analysis - Frequently Asked Questions

How have SON shares performed this year?

Sonoco Products' stock was trading at $55.87 at the start of the year. Since then, SON stock has decreased by 10.5% and is now trading at $49.98.
View the best growth stocks for 2024 here.

How were Sonoco Products' earnings last quarter?

Sonoco Products (NYSE:SON) issued its quarterly earnings results on Thursday, October, 31st. The industrial products company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.04. The firm's revenue was down 2.0% compared to the same quarter last year.

Does Sonoco Products have any subsidiaries?

Sonoco Products subsidiaries include Ball Metalpack Holding LLC, Allied Packaging, TuboTec, Can Packaging, Plastique Holdings LTD, Thermoform Engineered Quality LLC, Corenso Holdings America Inc., and others.

Who are Sonoco Products' major shareholders?

Top institutional investors of Sonoco Products include State Street Corp (4.47%), Geode Capital Management LLC (1.90%), Victory Capital Management Inc. (1.37%) and Charles Schwab Investment Management Inc. (1.05%). Insiders that own company stock include Rodger D Fuller, Julie C Albrecht, Adam Wood, Robert R Hill Jr, Jeffrey S Tomaszewski, Russell K Grissett, Ernest D Haynes III and Harold G Cummings III.
View institutional ownership trends.

How do I buy shares of Sonoco Products?

Shares of SON stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Sonoco Products own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Sonoco Products investors own include American Water Works (AWK), Waste Connections (WCN), Humana (HUM), DiamondRock Hospitality (DRH), The RMR Group (RMR), AUO (AUOTY) and Voyager Therapeutics (VYGR).

Company Calendar

• Ex-Dividend for 9/10 Dividend: 8/09/2024
• Dividend Payable: 9/10/2024
• Last Earnings: 10/31/2024
• Ex-Dividend for 12/10 Dividend: 11/08/2024
• Today: 11/21/2024
• Dividend Payable: 12/10/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/12/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Industrial Products
• Industry: Paperboard containers & boxes
• Sub-Industry: Paper Packaging
• Current Symbol: NYSE:SON
• CUSIP: 83549510
• CIK: 91767
• Web: www.sonoco.com
• Phone: (843) 383-7000
• Fax: 512-416-9669
• Employees: 23,000
• Year Founded: 1899

Price Target and Rating

• Average Stock Price Target: $58.00
• High Stock Price Target: $63.00
• Low Stock Price Target: $52.00
• Potential Upside/Downside: +16.0%
• Consensus Rating: Hold
• Rating Score (0-4): 2.25
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.91
• Trailing P/E Ratio: 17.18
• Forward P/E Ratio: 9.80
• P/E Growth: 2.06
• Net Income: $474.96 million
• Net Margins: 4.38%
• Pretax Margin: 5.62%
• Return on Equity: 19.92%
• Return on Assets: 6.38%

Debt

• Debt-to-Equity Ratio: 1.74
• Current Ratio: 2.36
• Quick Ratio: 1.91

Sales & Book Value

• Annual Sales: $6.78 billion
• Price / Sales: 0.72
• Cash Flow: $8.77 per share
• Price / Cash Flow: 5.70
• Book Value: $24.83 per share
• Price / Book: 2.01

Miscellaneous

• Outstanding Shares: 98,260,000
• Free Float: 97,759,000
• Market Cap: $4.91 billion
• Optionable: Optionable
• Beta: 0.69