<div id="readability-page-1"><p>Oak Thistle LLC bought a new position in shares of  Sonoco Products Company (NYSE:SON - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 29,669 shares of the industrial products company's stock, valued at approximately $1,278,000.</p><div><p><span></span><span>Get <strong>Sonoco Products</strong> alerts:</span></p></div><ul><li>$14B Japanese Facility Signals TSMC's Bold AI Strategy</li></ul><p>Other large investors have also recently bought and sold shares of the company. Nuveen LLC bought a new position in shares of  Sonoco Products during the first quarter valued at $8,327,000.  Dimensional Fund Advisors LP increased its position in shares of  Sonoco Products by 14.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,591,263 shares of the industrial products company's stock worth $169,646,000 after purchasing an additional 450,792 shares in the last quarter.  Raymond James Financial Inc. lifted its holdings in  Sonoco Products by 11.0% during the 1st quarter. Raymond James Financial Inc. now owns 136,553 shares of the industrial products company's stock valued at $6,451,000 after purchasing an additional 13,479 shares during the last quarter.  Wellington Management Group LLP boosted its position in  Sonoco Products by 12.5% in the first quarter. Wellington Management Group LLP now owns 357,608 shares of the industrial products company's stock valued at $16,893,000 after buying an additional 39,641 shares in the last quarter.  Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in  Sonoco Products during the first quarter worth about $798,000. 77.69% of the stock is currently owned by institutional investors. </p><h2>Sonoco Products Stock Up 0.3%</h2><p>NYSE SON opened at $43.13 on Thursday. The stock has a market capitalization of $4.25 billion, a P/E ratio of 6.85, a price-to-earnings-growth ratio of 0.79 and a beta of 0.55. Sonoco Products Company has a 52 week low of $38.65 and a 52 week high of $51.48. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.58 and a current ratio of 0.92. The stock has a fifty day moving average of $40.87 and a 200-day moving average of $43.94. </p><ul><li>How Gamers Are Powering Microsoft’s Next Wave of Growth</li></ul><p>Sonoco Products (NYSE:SON - Get Free Report) last issued its quarterly earnings results on Wednesday, June 22nd. The industrial products company reported $1.00 earnings per share (EPS) for the quarter. The business had revenue of $1.35 billion for the quarter. Sonoco Products had a return on equity of 20.49% and a net margin of 8.82%.Sonoco Products has set its Q2 2022 guidance at $1.60-$1.70 EPS.  On average, equities research analysts forecast that  Sonoco Products Company will post 6.1 EPS for the current year. </p><h2>Sonoco Products Dividend Announcement</h2><p>The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend was Monday, November 10th. Sonoco Products's dividend payout ratio (DPR) is 33.65%. </p><h2>Insider Activity at Sonoco Products</h2><ul><li>Microsoft Stock After Xbox Price Hike: Buy or Hold?</li></ul><p>In other Sonoco Products news, Director John R. Haley bought 2,506 shares of the stock in a transaction on Tuesday, October 28th. The stock was purchased at an average price of $39.87 per share, with a total value of $99,914.22. Following the acquisition, the director owned 23,310 shares of the company's stock, valued at approximately $929,369.70. The trade was a 12.05% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities &amp; Exchange Commission, which is available at this hyperlink. Also, CFO Paul Joachimczyk bought 20,500 shares of the company's stock in a transaction on Wednesday, October 29th. The shares were acquired at an average price of $39.50 per share, with a total value of $809,750.00. Following the transaction, the chief financial officer directly owned 20,500 shares in the company, valued at approximately $809,750. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. 0.74% of the stock is owned by insiders. </p><h2>Analyst Ratings Changes</h2><p>A number of research firms have recently issued reports on SON. Truist Financial cut their target price on shares of Sonoco Products from $58.00 to $57.00 and set a &#34;buy&#34; rating for the company in a research note on Monday, October 13th. Raymond James Financial  reiterated a &#34;market perform&#34; rating on shares of Sonoco Products in a research report on Friday, October 17th. Bank of America  restated a &#34;neutral&#34; rating and set a $56.00 target price on shares of Sonoco Products in a report on Thursday, October 9th. Jefferies Financial Group lowered their target price on Sonoco Products from $61.00 to $60.00 and set a &#34;buy&#34; rating for the company in a research note on Friday, October 24th. Finally, Zacks Research downgraded shares of Sonoco Products from a &#34;hold&#34; rating to a &#34;strong sell&#34; rating in a research report on Monday, October 27th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one  has issued  a Sell rating to the company's stock. Based on data from MarketBeat.com, the company  has an average rating of &#34;Hold&#34; and a consensus target price of $54.43.</p><p><b>View Our Latest Research Report on SON</b></p><h2>Sonoco Products Profile</h2> (Free Report)<p>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 Consumer Packaging and Industrial Paper Packaging segments. The Consumer Packaging segment offers round and shaped rigid paper, steel, and plastic containers; metal and peelable membrane ends, closures, and components; thermoformed plastic trays and enclosures; and high-barrier flexible packaging products.</p><h2>See Also</h2><ul><li>Five stocks we like better than Sonoco Products</li><li>Value Investing: Is it a Good Strategy in 2022? <span>Hint: Always<span></span></span></li><li>Post 35% Surge, Analysts Eye More Upside in Copper Giant Freeport</li><li>Compound Interest and Why It Matters When Investing</li><li>Why a SpaceX IPO Could Be a Major Catalyst for GOOGL Stock</li><li>Canada Bond Market Holiday: How to Invest and Trade </li><li>Can Upwork Maintain Its Comeback? Reasons to Be Bullish and Bearish</li></ul><p><strong>Want to see what other hedge funds are holding SON?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sonoco Products Company (NYSE:SON - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNPTg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNPTg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Sonoco Products Right Now?</h2><p>Before you consider Sonoco Products, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sonoco Products wasn't on the list.</p><p>While Sonoco Products currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Oak Thistle LLC invested $1.28 million in Sonoco Products Company, acquiring 29,669 shares. Other institutional investors, including Nuveen LLC and Dimensional Fund Advisors LP, have also increased their positions in Sonoco. Sonoco's stock opened at $43.13, with a market cap of $4.25 billion. The company announced a quarterly dividend of $0.53 per share. Recent insider purchases include Director John R. Haley and CFO Paul Joachimczyk. Analysts have adjusted their ratings, with Truist Financial setting a target price of $57.00.</p>

Oak Thistle LLC Invests $1.28 Million in Sonoco Products Company $SON