Financial Engines Advisors L.L.C. Has $806,000 Position in Sonoco Products (NYSE:SON)

Financial Engines Advisors L.L.C. trimmed its position in shares of Sonoco Products (NYSE:SON) by 25.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,500 shares of the industrial products company’s stock after selling 5,683 shares during the quarter. Financial Engines Advisors L.L.C.’s holdings in Sonoco Products were worth $806,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Sonoco Products by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 11,128,725 shares of the industrial products company’s stock worth $543,638,000 after buying an additional 120,843 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Sonoco Products by 2.3% during the third quarter. Geode Capital Management LLC now owns 1,863,756 shares of the industrial products company’s stock worth $101,842,000 after purchasing an additional 42,701 shares during the period. Sei Investments Co. increased its holdings in Sonoco Products by 3.3% in the fourth quarter. Sei Investments Co. now owns 1,345,054 shares of the industrial products company’s stock valued at $65,706,000 after purchasing an additional 43,238 shares during the period. Nordea Investment Management AB grew its position in shares of Sonoco Products by 63.2% in the 4th quarter. Nordea Investment Management AB now owns 1,129,133 shares of the industrial products company’s stock valued at $55,181,000 after buying an additional 437,128 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Sonoco Products by 0.9% during the fourth quarter. Bank of New York Mellon Corp now owns 1,107,635 shares of the industrial products company’s stock worth $54,108,000 after acquiring an additional 9,899 shares during the last quarter. 77.69% of the stock is currently owned by institutional investors.

Sonoco Products Price Performance

Shares of NYSE:SON opened at $46.89 on Friday. The firm has a market capitalization of $4.62 billion, a PE ratio of 28.42, a P/E/G ratio of 0.76 and a beta of 0.61. The company has a quick ratio of 1.91, a current ratio of 0.79 and a debt-to-equity ratio of 2.18. The company has a 50-day moving average price of $47.34 and a two-hundred day moving average price of $50.10. Sonoco Products has a twelve month low of $44.36 and a twelve month high of $61.73.

Sonoco Products (NYSE:SON) last released its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.01). The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.67 billion. Sonoco Products had a net margin of 2.60% and a return on equity of 20.81%. Equities analysts forecast that Sonoco Products will post 6.1 EPS for the current year.

Sonoco Products Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 26th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.44%. The ex-dividend date was Wednesday, February 26th. Sonoco Products’s dividend payout ratio is presently 126.06%.

Insider Buying and Selling

In related news, Director Robert R. Hill, Jr. sold 4,000 shares of Sonoco Products stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $47.95, for a total value of $191,800.00. Following the transaction, the director now owns 16,065 shares in the company, valued at $770,316.75. This trade represents a 19.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John R. Haley acquired 3,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was bought at an average price of $46.76 per share, for a total transaction of $140,280.00. Following the acquisition, the director now owns 18,558 shares of the company’s stock, valued at approximately $867,772.08. This trade represents a 19.28 % increase in their position. The disclosure for this purchase can be found here. 0.51% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently commented on the company. Citigroup reduced their target price on Sonoco Products from $59.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Truist Financial cut their target price on Sonoco Products from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. StockNews.com raised shares of Sonoco Products from a “sell” rating to a “hold” rating in a research note on Wednesday, March 5th. Wells Fargo & Company cut their price target on Sonoco Products from $50.00 to $48.00 and set an “underweight” rating for the company in a research note on Monday, February 24th. Finally, Bank of America lifted their price target on Sonoco Products from $66.00 to $71.00 and gave the stock a “buy” rating in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Sonoco Products has an average rating of “Hold” and an average price target of $58.50.

About Sonoco Products

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.