Sonoco Products Co (SON) CFO Sells $331,044.96 in Stock

Share on StockTwits

Sonoco Products Co (NYSE:SON) CFO Barry L. Saunders sold 5,547 shares of the company’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $59.68, for a total transaction of $331,044.96. Following the completion of the sale, the chief financial officer now directly owns 77,719 shares in the company, valued at $4,638,269.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of NYSE:SON opened at $60.35 on Thursday. The firm has a market cap of $5.88 billion, a price-to-earnings ratio of 17.91, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. Sonoco Products Co has a 1-year low of $46.55 and a 1-year high of $61.79. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.95 and a current ratio of 1.40.

Sonoco Products (NYSE:SON) last issued its earnings results on Thursday, February 14th. The industrial products company reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.03. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Sonoco Products had a net margin of 5.82% and a return on equity of 18.94%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.72 earnings per share. As a group, equities research analysts anticipate that Sonoco Products Co will post 3.52 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 8th. Shareholders of record on Wednesday, February 27th will be issued a dividend of $0.41 per share. The ex-dividend date is Tuesday, February 26th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.72%. Sonoco Products’s dividend payout ratio (DPR) is 48.66%.

Several large investors have recently modified their holdings of SON. First Hawaiian Bank acquired a new stake in shares of Sonoco Products during the third quarter worth $398,000. Nisa Investment Advisors LLC raised its holdings in shares of Sonoco Products by 22.6% during the third quarter. Nisa Investment Advisors LLC now owns 40,140 shares of the industrial products company’s stock worth $2,228,000 after purchasing an additional 7,400 shares during the period. Howland Capital Management LLC acquired a new stake in shares of Sonoco Products in the 3rd quarter worth about $210,000. IFP Advisors Inc increased its holdings in shares of Sonoco Products by 32.5% in the 3rd quarter. IFP Advisors Inc now owns 5,157 shares of the industrial products company’s stock worth $286,000 after acquiring an additional 1,265 shares during the period. Finally, W.E. Donoghue & Co. LLC increased its holdings in shares of Sonoco Products by 86.8% in the 3rd quarter. W.E. Donoghue & Co. LLC now owns 17,123 shares of the industrial products company’s stock worth $950,000 after acquiring an additional 7,958 shares during the period. 72.58% of the stock is currently owned by institutional investors.

Several research firms recently issued reports on SON. Zacks Investment Research cut shares of Sonoco Products from a “buy” rating to a “hold” rating in a report on Monday, December 17th. KeyCorp reaffirmed a “hold” rating on shares of Sonoco Products in a report on Thursday, February 14th. Finally, Wells Fargo & Co set a $55.00 price target on shares of Sonoco Products and gave the company a “hold” rating in a report on Monday, December 10th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $56.67.

COPYRIGHT VIOLATION WARNING: “Sonoco Products Co (SON) CFO Sells $331,044.96 in Stock” was first posted by Macon Daily and is owned by of Macon Daily. If you are accessing this news story on another site, it was illegally copied and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this news story can be read at

About Sonoco Products

Sonoco Products Company manufactures and sells industrial and consumer packaging products in North and South America, Europe, Australia, and Asia. The company operates through four segments: Consumer Packaging, Display and Packaging, Paper and Industrial Converted Products, and Protective Solutions. The Consumer Packaging segment offers composite and thermoformed plastic round and shaped rigid containers and trays; extruded and injection-molded plastic products; printed flexible packaging products; brand artwork management; and metal and peelable membrane ends and closures.

Featured Story: What factors cause inflation to rise?

Insider Buying and Selling by Quarter for Sonoco Products (NYSE:SON)

Receive News & Ratings for Sonoco Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sonoco Products and related companies with's FREE daily email newsletter.