About 0 Worth Of Sonoco Products Company (SON) Shares Belongs To Its Pres. Sonoco Metal Packaging


As of Wednesday close, Sonoco Products Company’s (NYSE:SON) stock was down -$0.02, moving down -0.03 percent to $61.05. The average number of shares traded per day over the past five days has been 472,380 shares. 5 times new highs have been achieved over the past 5 days, with a $1.80 gain in that time frame. In the last twenty days, the average volume was 597,765, while in the previous 50 days, it was 570,804.

Since last month, SON stock retreated -3.08%. Shares of the company fell to $55.25 on 11/03/22, the lowest level in the past month. A 52-week high of $67.06 was reached on 04/21/22 after having rallying from a 52-week low of $51.52. Since the beginning of this year, SON’s stock price has risen by 5.46% or $3.16, and marked a new high 13 times. However, the stock has declined by -8.96% since its 52-week high.

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SON stock investors should be aware that Sonoco Products Company (SON) stock had its last reported insider trading activity 9 days ago on Nov 15. Haynes Ernest D III, the Pres. Sonoco Metal Packaging of the company, disposed of 652 shares for $58.60 on Nov 15. It resulted in a $38,205 divestment by the insider. Haynes Ernest D III sold 1,673 shares at an average price of $63.00 on Jul 29. The insider now owns 5,063 shares following the transaction. On Jul 22, Chief Operating Officer Fuller Rodger D sold 1,898 shares at $62.53 apiece. The transaction was valued at $118,674.

Valuation Metrics

Right now, Sonoco Products Company (SON) has a P/E ratio of about 13.86. The stock’s beta is 0.75. Besides these, the trailing price-to-sales (P/S) ratio of 0.84, the price-to-book (PB) ratio of 3.10.

The latest dividend of $0.49 per share was paid out, remained unchanged from last year’s $0.49. On Wednesday April 20 2022, a $0.04 dividend increase was announced.

Financial Health

In the three months ended June 29, Sonoco Products Company’s quick ratio stood at 0.80, while its current ratio was 1.40, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.41, and the total debt-to-equity ratio was 1.63. On the profitability front, the trailing twelve-month gross margin is 19.80% percent. In the year ended June 29, operating margins totaled 9.30%. Based on annual data, SON earned $1.06 billion in gross profit and brought in $5.59 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 15.50%. Return on equity (ROE) for the past 12 months was 22.80%.

In Sonoco Products Company’s quarter-end financial report for June 29, it reported total debt of $2.72 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. SON’s revenue rose 25.13% to $1.91 billion during the quarter, while net income inched up to $1.89 billion. While analysts expected Sonoco Products Company to report $1.6 quarterly earnings, the actual figure was $1.76 per share. During the quarter, the company generated $267.08 million in EBITDA. The liabilities of Sonoco Products Company were 5.04 billion at the end of its most recent quarter ended June 29, and its total debt was $3.43 billion. The value of shareholders’ equity is $97.51 million.

Technical Picture

This quick technical analysis looks at Sonoco Products Company’s (SON) price momentum. With a historical volatility rate of 10.43%, the RSI 9-day stood at 62.65% on 23 November.

With respect to its five-day moving average, the current Sonoco Products Company price is up by +3.04% percent or $1.80. At present, SON shares trade -2.52% below its 20-day simple moving average and +6.21% percent above its 100-day simple moving average. However, the stock is currently trading approximately -2.72% below its SMA50 and +7.37% above its SMA200.

Stochastic coefficient K was 94.25% and Stochastic coefficient D was 80.25%, while ATR was 1.49. Given the Stochastic reading of 87.36% for the 14-day period, the RSI (14) reading has been calculated as 56.50%. As of today, the MACD Oscillator reading stands at 1.36, while the 14-day reading stands at 1.89.

Analyst Ratings

Sonoco Products Company downgraded its rating on Sonoco Products Company (NYSE: SON) to an Underperform in a note to investors on October 31, 2022. The analysts firm previously had a Market perform rating on the stock.Sonoco Products Company (SON) has been rated Hold by analysts. According to 1 brokerage firm, SON is a sell, and 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Sonoco Products Company stock as buy, with 2 recommending it as overweight.

With a median target price of $64.50, the current consensus forecast for the stock is $58.00 – $76.00. Based on these forecasts, analysts predict Sonoco Products Company (SON) will achieve an average price target of $65.67.


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