Sonoco Products Company (SON) Position Increased by Northern Trust Corp

Sonoco Products Company (SON) Position Increased by Northern Trust Corp

Northern Trust Corp raised its stake in shares of Sonoco Products Company (NYSE:SON) by 0.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 899,638 shares of the company’s stock after buying an additional 4,180 shares during the period. Northern Trust Corp owned 0.89% of Sonoco Products Company worth $47,528,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. First Midwest Bank Trust Division increased its stake in shares of Sonoco Products Company by 0.3% in the third quarter. First Midwest Bank Trust Division now owns 8,728 shares of the company’s stock valued at $461,000 after buying an additional 24 shares during the period. Ray Gerald L & Associates Ltd. increased its stake in Sonoco Products Company by 0.7% in the third quarter. Ray Gerald L & Associates Ltd. now owns 5,033 shares of the company’s stock worth $266,000 after buying an additional 33 shares during the last quarter. Lowe Brockenbrough & Co. Inc. increased its stake in Sonoco Products Company by 1.1% in the second quarter. Lowe Brockenbrough & Co. Inc. now owns 6,495 shares of the company’s stock worth $323,000 after buying an additional 70 shares during the last quarter. Clean Yield Group increased its stake in Sonoco Products Company by 0.6% in the second quarter. Clean Yield Group now owns 18,000 shares of the company’s stock worth $894,000 after buying an additional 100 shares during the last quarter. Finally, Advisor Group Inc. increased its stake in Sonoco Products Company by 0.5% in the third quarter. Advisor Group Inc. now owns 25,255 shares of the company’s stock worth $1,307,000 after buying an additional 116 shares during the last quarter. 69.23% of the stock is currently owned by institutional investors.

Shares of Sonoco Products Company (NYSE:SON) traded down 0.082% during trading on Friday, hitting $54.885. The stock had a trading volume of 213,621 shares. The firm’s 50-day moving average is $53.89 and its 200 day moving average is $52.21. The firm has a market cap of $5.48 billion, a price-to-earnings ratio of 23.657 and a beta of 1.05. Sonoco Products Company has a 52-week low of $37.99 and a 52-week high of $55.55.

A number of analysts have issued reports on the company. Zacks Investment Research raised Sonoco Products Company from a “sell” rating to a “hold” rating in a research note on Thursday, January 5th. Argus downgraded Sonoco Products Company from a “buy” rating to a “hold” rating in a research note on Friday, December 9th. Vertical Research raised Sonoco Products Company from a “sell” rating to a “hold” rating in a research note on Monday, October 24th. Bank of America Corp downgraded Sonoco Products Company from a “neutral” rating to an “underperform” rating in a research note on Monday, October 3rd. They noted that the move was a valuation call. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $47.00 price objective (up previously from $46.00) on shares of Sonoco Products Company in a research note on Monday, October 24th. Four investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $45.86.

In other Sonoco Products Company news, VP Roger P. Schrum sold 884 shares of the stock in a transaction that occurred on Wednesday, January 25th. The stock was sold at an average price of $55.00, for a total transaction of $48,620.00. Following the transaction, the vice president now owns 10,394 shares in the company, valued at $571,670. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John E. Linville sold 54,000 shares of the stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $50.46, for a total value of $2,724,840.00. Following the transaction, the director now owns 223,787 shares in the company, valued at approximately $11,292,292.02. The disclosure for this sale can be found here. Insiders have sold 55,904 shares of company stock worth $2,827,813 in the last quarter. 1.90% of the stock is currently owned by company insiders.

Sonoco Products Company Company Profile

Sonoco Products Company (Sonoco) is a manufacturer of industrial and consumer packaging products and a provider of packaging services. The Company operates in four segments: Consumer Packaging, Paper and Industrial Converted Products, Display and Packaging, and Protective Solutions. Its Consumer Packaging segment’s products and services 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.

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