Sonoco Products Co (NYSE: SON) is -8.16% lower on its value in year-to-date trading and has touched a low of $48.22 and a high of $61.73 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SON stock was last observed hovering at around $51.64 in the last trading session, with the day’s loss setting it -0.33%.
Currently trading at $51.31, the stock is 1.09% and -2.26% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.4 million and changing -0.64% at the moment leaves the stock -6.21% off its SMA200. SON registered -6.03% loss for a year compared to 6-month loss of -14.41%. The firm has a 50-day simple moving average (SMA 50) of $52.5692 and a 200-day simple moving average (SMA200) of $54.728.
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The stock witnessed a -2.06% gain in the last 1 month and extending the period to 3 months gives it a -7.28%, and is 2.68% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.00% over the week and 1.76% over the month.
Sonoco Products Co (SON) has around 23000 employees, a market worth around $5.04B and $6.57B in sales. Current P/E ratio is 17.67 and Fwd P/E is 9.04. Profit margin for the company is 4.39%. Distance from 52-week low is 6.41% and -16.88% from its 52-week high. The company has generated returns on investments over the last 12 months (4.08%).
The EPS is expected to shrink by -3.92% this year
605.0 institutions hold shares in Sonoco Products Co (SON), with institutional investors hold 81.32% of the company’s shares. The shares outstanding are 97.96M, and float is at 97.33M with Short Float at 1.49%. Institutions hold 80.82% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 10.92 million shares valued at $553.64 million. The investor’s holdings represent 11.1096 of the SON Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 10.87 million shares valued at $551.33 million to account for 11.063 of the shares outstanding. The other top investors are STATE STREET CORP which holds 4.47 million shares representing 4.5469 and valued at over $226.59 million, while AMERICAN CENTURY COMPANIES INC holds 2.9737 of the shares totaling 2.92 million with a market value of $148.19 million.
Sonoco Products Co (SON) Insider Activity
The most recent transaction is an insider sale by Florence John M, the company’s VP, Gnl Council, Secy, CHRO. SEC filings show that Florence John M sold 13,660 shares of the company’s common stock on Nov 04 ’24 at a price of $51.20 per share for a total of $0.7 million. Following the sale, the insider now owns 7052.0 shares.
Still, SEC filings show that on Sep 13 ’24, Tomaszewski Jeffrey S (Former Officer) Proposed Sale 6,200 shares at an average price of $54.84 for $0.34 million. The insider now directly holds shares of Sonoco Products Co (SON).
