SON Sonoco Products Company

Osaic Holdings Inc. significantly increased its stake in Sonoco Products Company (NYSE:SON) during Q2, purchasing an additional 23,669 shares, bringing its total to 37,545 shares valued at approximately $1.717 million. This move comes as institutional investors collectively own about 77.7% of Sonoco Products, which trades at a market cap of $4.34 billion with a P/E of 6.98. The company recently announced a quarterly dividend of $0.53, yielding 4.8%, and insiders like CFO Paul Joachimczyk have also shown buying interest by acquiring 20,500 shares.

Voya Investment Management LLC significantly increased its holdings in Sonoco Products Company by 329.3%, acquiring an additional 38,653 shares to reach a total of 50,390 shares valued at $2.17 million. Other major institutions like Norges Bank, Nordea Investment Management AB, and Millennium Management LLC also substantially increased their stakes, bringing institutional ownership to 77.69%. Despite this increased institutional interest, analyst ratings for Sonoco are mixed, with a consensus "Hold" rating and an average target price of $54.43.

Deprince Race & Zollo Inc. significantly reduced its stake in Sonoco Products Company by 25.3% in the third quarter, selling nearly 400,000 shares. Despite this reduction, Sonoco Products remains a substantial holding for the firm, while institutional ownership is high at 77.69%. The company has seen recent insider purchases and trades at a low P/E ratio with a strong dividend yield.

Truist Financial has reiterated its "Buy" rating for Sonoco Products (SON.US) and maintained a target price of $53. This decision is based on an analysis by Michael Roxland, an analyst whose recommendations have historically shown a 48.9% success rate and an average return of 2.7% over the past year according to TipRanks data. Investors are advised that this information is for informational purposes only and does not constitute investment advice.

Sonoco Products Company has announced Paul Joachimczyk as its new Chief Financial Officer, effective June 30, 2025. Joachimczyk brings extensive financial executive experience from various manufacturing industries, including American Woodmark Corporation and TopBuild Corp. He will succeed interim CFO Jerry Cheatham, who will transition to a senior finance leadership role within the company.

Oak Thistle LLC recently acquired a new position in Sonoco Products Company (NYSE:SON), purchasing 29,669 shares valued at approximately $1.28 million in the 3rd quarter. This investment highlights strong institutional interest in Sonoco, which boasts an attractive valuation, a 4.9% dividend yield, and recent insider purchases. The company's stock currently has an average rating of "Hold" among analysts, with a consensus target price of $54.43.