Sonoco Products Company (NYSE:SON) is expected to pay $0.37 on Dec 9, 2016. The indicated annual dividend is $1.48. Shareholders owning the stock before Nov 8, 2016 will be eligible to receive the payout. Based on Sonoco Products Company’s current price of $49.92, the dividend is 0.74%. This dividend’s record date is Nov 11, 2016 and the announcement date is Oct 19, 2016. The stock decreased 0.12% or $0.06 on November 4, hitting $49.92. Sonoco Products Co (NYSE:SON) has risen 4.92% since April 5, 2016 and is uptrending. It has outperformed by 2.96% the S&P500.
Sonoco Products Company is a maker of industrial and consumer packaging products and a well-known provider of packaging services. The company has a market cap of $4.95 billion. The Firm operates in four divisions: Consumer Packaging, Paper and Industrial Converted Products, Display and Packaging, and Protective Solutions. It has a 21.43 P/E ratio. The Company’s Consumer Packaging segment’s services and products include round composite cans, aluminum, steel and peelable membrane easy-open closures for composite and metal cans; plastic bottles, cups and trays, and printed flexible packaging and global brand management.
Insitutional Activity: The institutional sentiment increased to 1.13 in Q2 2016. Its up 0.13, from 1 in 2016Q1. The ratio improved, as 27 funds sold all Sonoco Products Co shares owned while 100 reduced positions. 24 funds bought stakes while 120 increased positions. They now own 68.56 million shares or 4.29% less from 71.64 million shares in 2016Q1.
Bluemountain Cap Mgmt Ltd Liability has 0.04% invested in the company for 35,361 shares. State Board Of Administration Of Florida Retirement Sys accumulated 0.03% or 162,539 shares. Stifel Finance Corporation has 41,235 shares for 0.01% of their US portfolio. Proshare Advsrs Ltd Liability accumulated 53,255 shares or 0.03% of the stock. Mutual Of America Capital Mgmt Limited Liability last reported 0.08% of its portfolio in the stock. Amp Investors holds 0.01% or 38,241 shares in its portfolio. Royal Comml Bank Of Canada holds 73,874 shares or 0% of its portfolio. Manning And Napier Advisors owns 48,180 shares or 0.01% of their US portfolio. Amer Gp holds 0% of its portfolio in Sonoco Products Co (NYSE:SON) for 195,156 shares. Alliancebernstein Lp owns 78,892 shares or 0% of their US portfolio. Price T Rowe Assocs Md, a Maryland-based fund reported 38,615 shares. Allianz Asset Ag holds 0.03% or 1.13M shares in its portfolio. Moreover, Grandfield Dodd Limited Liability has 0.07% invested in Sonoco Products Co (NYSE:SON) for 9,666 shares. Bahl And Gaynor holds 13,185 shares or 0.01% of its portfolio. Aperio Ltd Company holds 54,865 shares or 0.02% of its portfolio.
Insider Transactions: Since May 27, 2016, the stock had 0 insider buys, and 17 sales for $5.23 million net activity. Another trade for 1,721 shares valued at $87,771 was made by ARTHUR VICKI B on Friday, July 22. Linville John E sold $1.74M worth of Sonoco Products Co (NYSE:SON) on Friday, July 22. Shares for $26,901 were sold by Thompson Marcy J on Thursday, June 30. The insider BOND RITCHIE L sold $8,587. 2,048 shares with value of $98,042 were sold by Harrell James A. III on Friday, May 27. On Wednesday, October 26 Coker R. Howard sold $69,014 worth of the stock or 1,390 shares. $194,610 worth of Sonoco Products Co (NYSE:SON) shares were sold by Saunders Barry L.
Sonoco Products Co (NYSE:SON) Ratings Coverage
Out of 9 analysts covering Sonoco Products Company (NYSE:SON), 1 rate it a “Buy”, 5 “Sell”, while 3 “Hold”. This means 11% are positive. Sonoco Products Company has been the topic of 16 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Jefferies given on Thursday, July 14. The firm has “Underperform” rating given on Monday, October 3 by Bank of America. Vertical Research downgraded the shares of SON in a report on Friday, July 22 to “Sell” rating. The rating was initiated by Macquarie Research on Tuesday, November 10 with “Neutral”. As per Tuesday, September 1, the company rating was upgraded by Zacks. The stock of Sonoco Products Co (NYSE:SON) earned “Sell” rating by Zacks on Monday, September 7. The rating was downgraded by Bank of America to “Neutral” on Friday, March 18. Goldman Sachs initiated the shares of SON in a report on Thursday, May 12 with “Neutral” rating. As per Monday, November 23, the company rating was upgraded by Macquarie Research. On Friday, August 7 the stock rating was upgraded by Zacks to “Sell”.
More recent Sonoco Products Co (NYSE:SON) news were published by: Plasticsnews.com which released: “Sonoco Products buys flexible packaging converter” on November 02, 2016. Also Profitconfidential.com published the news titled: “SON Stock: 3 Reasons to Be Bullish on Sonoco Products Co” on July 18, 2016. Nasdaq.com‘s news article titled: “Ex-Dividend Reminder: Emerson Electric, Alliance Holdings Group and Sonoco …” with publication date: November 04, 2016 was also an interesting one.
SON Company Profile
Sonoco Products Company (Sonoco), incorporated on May 10, 1899, is a maker of industrial and consumer packaging products and a well-known provider of packaging services. The Firm operates in four divisions: Consumer Packaging, Paper and Industrial Converted Products, Display and Packaging, and Protective Solutions. The Firm has approximately 330 locations in over 30 countries.
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