Today’s Stock Alert: Sonoco Products Co (NYSE:SON) Institutional Investors Sentiment Worsens in Q2 2016

November 29, 2016 - By Dolores Ford   ·   0 Comments

Today's Stock Alert: Sonoco Products Co (NYSE:SON) Institutional Investors Sentiment  Worsens in  Q2 2016

Sentiment for Sonoco Products Co (NYSE:SON)

Sonoco Products Co (NYSE:SON) institutional sentiment decreased to 0.89 in 2016 Q2. Its down -0.24, from 1.13 in 2016Q1. The ratio is negative, as 144 active investment managers increased and opened new positions, while 127 reduced and sold their stock positions in Sonoco Products Co. The active investment managers in our partner’s database now possess: 68.56 million shares, down from 71.64 million shares in 2016Q1. Also, the number of active investment managers holding Sonoco Products Co in their top 10 positions was flat from 2 to 2 for the same number . Sold All: 27 Reduced: 100 Increased: 120 New Position: 24.

Sonoco Products Company is a maker of industrial and consumer packaging products and a well-known provider of packaging services. The company has a market cap of $5.49 billion. The Firm operates in four divisions: Consumer Packaging, Paper and Industrial Converted Products, Display and Packaging, and Protective Solutions. It has a 23.62 P/E ratio. The Company’s Consumer Packaging segment’s services and products 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.

About 198,982 shares traded hands. Sonoco Products Co (NYSE:SON) has risen 14.00% since April 26, 2016 and is uptrending. It has outperformed by 8.74% the S&P500.

Analysts await Sonoco Products Co (NYSE:SON) to report earnings on February, 9. They expect $0.64 EPS, 0.00% or $0.00 from last year’s $0.64 per share. SON’s profit will be $63.88M for 21.48 P/E if the $0.64 EPS becomes a reality. After $0.72 actual EPS reported by Sonoco Products Co for the previous quarter, Wall Street now forecasts -11.11% negative EPS growth.

According to Zacks Investment Research, “Sonoco is one of the world’s largest manufacturers of packaging materials for industrial and consumer markets. In addition, the company is one of the leading producers of recycled paperboard, utilizing more than a million tons of recovered paper annually in its papermaking operations. Sonoco products are used by many of the world’s leading industries, including food processing, beverages, textiles, supermarkets, plastics, papermaking, pharmaceuticals, material converting, material handling, agriculture, personal care, health care and many others.”

Speece Thorson Capital Group Inc holds 4.3% of its portfolio in Sonoco Products Co for 399,282 shares. Evanston Investments Inc. Dba Evanston Advisors owns 138,340 shares or 2.24% of their US portfolio. Moreover, Shufro Rose & Co Llc has 1.81% invested in the company for 329,643 shares. The Wisconsin-based Capital Innovations Llc has invested 1.64% in the stock. Weaver C. Barksdale & Associates Inc., a Tennessee-based fund reported 18,600 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 17 insider sales for $7.44 million net activity.

Sonoco Products Co (NYSE:SON) Ratings Coverage

Ratings analysis reveals 11% of Sonoco Products Company’s analysts are positive. Out of 9 Wall Street analysts rating Sonoco Products Company, 1 give it “Buy”, 5 “Sell” rating, while 3 recommend “Hold”. The lowest target is $38 while the high is $50. The stock’s average target of $45.20 is -17.82% below today’s ($55) share price. SON was included in 16 notes of analysts from August 7, 2015. The firm has “Sell” rating by Zacks given on Monday, September 7. Deutsche Bank reinitiated it with “Hold” rating and $42.0 target price in Monday, November 16 report. As per Tuesday, September 1, the company rating was upgraded by Zacks. The firm has “Underperform” rating given on Monday, April 11 by DA Davidson. As per Thursday, July 14, the company rating was maintained by Jefferies. Bank of America downgraded the shares of SON in a report on Monday, October 3 to “Underperform” rating. Zacks upgraded Sonoco Products Co (NYSE:SON) on Friday, August 7 to “Sell” rating. The rating was downgraded by Vertical Research on Friday, July 22 to “Sell”. The firm has “Hold” rating given on Tuesday, August 25 by Zacks. The firm earned “Neutral” rating on Friday, March 18 by Bank of America.

SON Company Profile

Sonoco Products Company (Sonoco), incorporated on May 10, 1899, is a maker of industrial and consumer packaging products and a well-known provider of packaging services. The Firm operates in four divisions: Consumer Packaging, Paper and Industrial Converted Products, Display and Packaging, and Protective Solutions. The Firm has approximately 330 locations in over 30 countries.

More important recent Sonoco Products Co (NYSE:SON) news were published by: Reuters.com which released: “BRIEF-Sonoco Products Co appoints Robert Tiede COO” on November 29, 2016, also Plasticsnews.com published article titled: “Sonoco Products buys flexible packaging converter”, Plasticsnews.com published: “Sonoco selling blow molding operations to Amcor” on September 02, 2016. More interesting news about Sonoco Products Co (NYSE:SON) was released by: Nasdaq.com and their article: “Sonoco Products Company (SON) Ex-Dividend Date Scheduled for November 08, 2016” with publication date: November 07, 2016.

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By Dolores Ford

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