Ramsey Quantitative Systems adds Sonoco Products Co (SON) to its portfolio

Sonoco Products Co (SON) : Ramsey Quantitative Systems added new position in Sonoco Products Co during the most recent quarter end. The investment management firm now holds 26,524 shares of Sonoco Products Co which is valued at $1,351,133 , the company said in a statement filed on Aug 11, 2016 with the SEC.Sonoco Products Co makes up approximately 1.42% of Ramsey Quantitative Systems’s portfolio.

Other Hedge Funds, Including , Jacobus Wealth Management reduced its stake in SON by selling 5,400 shares or 21.0% in the most recent quarter. The Hedge Fund company now holds 20,310 shares of SON which is valued at $1,043,325. Sonoco Products Co makes up approx 0.31% of Jacobus Wealth Management’s portfolio.Td Asset Management Inc boosted its stake in SON in the latest quarter, The investment management firm added 3,500 additional shares and now holds a total of 18,241 shares of Sonoco Products Co which is valued at $937,040.Baker Ellis Asset Management reduced its stake in SON by selling 700 shares or 1.56% in the most recent quarter. The Hedge Fund company now holds 44,209 shares of SON which is valued at $2,251,564. Sonoco Products Co makes up approx 0.69% of Baker Ellis Asset Management’s portfolio.Creative Planning reduced its stake in SON by selling 832 shares or 15.49% in the most recent quarter. The Hedge Fund company now holds 4,540 shares of SON which is valued at $233,855.

Sonoco Products Co opened for trading at $51.83 and hit $52 on the upside on Tuesday, eventually ending the session at $51.7, with a gain of 0.31% or 0.16 points. The heightened volatility saw the trading volume jump to 2,87,293 shares. Company has a market cap of $5,182 M.

On the company’s financial health, Sonoco Products Co reported $0.73 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $0.68. The company had revenue of $1205.68 million for the quarter, compared to analysts expectations of $1255.63 million. The company’s revenue was down -3.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.66 EPS.

Sonoco Products Company (Sonoco) is a manufacturer of industrial and consumer packaging products and a provider of packaging services. The Company operates in four segments: Consumer Packaging Paper and Industrial Converted Products Display and Packaging and Protective Solutions. The Company has 335 locations in 33 countries. The Company’s Consumer Packaging segment’s operations comprise 90 plants across the world. The Company’s Display and Packaging segment’s operations comprise 27 plants around the world including the United States Poland Mexico and Brazil. The Company’s Paper and Industrial Converted Products segment provides the primary raw material for the Company’s fiber-based packaging. The Protective Solutions segment’s products include custom-engineered paperboard-based and expanded foam protective packaging and components and temperature-assured packaging.

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