Jump Financial LLC trimmed its position in Sonoco Products (NYSE:SON – Free Report) by 25.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,019 shares of the industrial products company’s stock after selling 4,728 shares during the period. Jump Financial LLC’s holdings in Sonoco Products were worth $762,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Authentikos Wealth Advisory LLC purchased a new stake in Sonoco Products during the third quarter valued at approximately $34,000. Point72 Asset Management L.P. bought a new position in Sonoco Products in the 2nd quarter worth $34,000. ST Germain D J Co. Inc. purchased a new position in Sonoco Products during the second quarter valued at $40,000. Dark Forest Capital Management LP bought a new stake in Sonoco Products during the first quarter valued at about $50,000. Finally, Pinnacle Holdings LLC bought a new position in shares of Sonoco Products in the first quarter worth about $58,000. 76.20% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of brokerages recently issued reports on SON. Wells Fargo & Company cut their price objective on Sonoco Products from $55.00 to $50.00 and set an “equal weight” rating for the company in a research note on Thursday, October 19th. StockNews.com raised shares of Sonoco Products from a “hold” rating to a “buy” rating in a research note on Tuesday, November 28th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $61.40.
Sonoco Products Trading Up 0.1 %
SON stock opened at $56.53 on Thursday. The company has a market capitalization of $5.54 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 2.03 and a beta of 0.69. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.89 and a quick ratio of 1.19. Sonoco Products has a 1-year low of $49.98 and a 1-year high of $63.74. The business has a 50 day simple moving average of $56.52 and a two-hundred day simple moving average of $55.57.
Sonoco Products Profile
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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