Keybank National Association OH Sells 230 Shares of Sonoco Products (NYSE:SON)

Keybank National Association OH lowered its holdings in Sonoco Products (NYSE:SONFree Report) by 2.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 11,199 shares of the industrial products company’s stock after selling 230 shares during the quarter. Keybank National Association OH’s holdings in Sonoco Products were worth $609,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Authentikos Wealth Advisory LLC bought a new stake in Sonoco Products during the third quarter valued at about $34,000. Point72 Asset Management L.P. purchased a new position in shares of Sonoco Products during the second quarter valued at approximately $34,000. ST Germain D J Co. Inc. purchased a new position in shares of Sonoco Products during the second quarter valued at approximately $40,000. Dark Forest Capital Management LP bought a new position in Sonoco Products in the first quarter worth approximately $50,000. Finally, Pinnacle Holdings LLC bought a new position in Sonoco Products in the first quarter worth approximately $58,000. 76.20% of the stock is currently owned by hedge funds and other institutional investors.

Sonoco Products Price Performance

Shares of SON opened at $56.45 on Wednesday. Sonoco Products has a fifty-two week low of $49.98 and a fifty-two week high of $63.74. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.19 and a current ratio of 1.89. The company has a market capitalization of $5.53 billion, a P/E ratio of 11.38, a P/E/G ratio of 2.04 and a beta of 0.69. The business’s 50-day moving average is $56.49 and its two-hundred day moving average is $55.56.

Wall Street Analyst Weigh In

SON has been the topic of several research analyst reports. Citigroup dropped their price objective on Sonoco Products from $69.00 to $65.00 in a research note on Tuesday, October 10th. Wells Fargo & Company dropped their target price on Sonoco Products from $55.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 19th. Finally, StockNews.com raised Sonoco Products from a “hold” rating to a “buy” rating in a research report on Tuesday, November 28th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Sonoco Products has an average rating of “Moderate Buy” and a consensus target price of $61.40.

View Our Latest Research Report on Sonoco Products

Sonoco Products Profile

(Free Report)

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 through two segments: Consumer Packaging and Industrial Paper Packaging.

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Institutional Ownership by Quarter for Sonoco Products (NYSE:SON)

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