Sonoco Products Co (SON) : Speece Thorson Capital Group Inc reduced its stake in Sonoco Products Co by 12.13% during the most recent quarter end. The investment management company now holds a total of 394,000 shares of Sonoco Products Co which is valued at $18,474,660 after selling 54,370 shares in Sonoco Products Co , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.Sonoco Products Co makes up approximately 4.09% of Speece Thorson Capital Group Inc’s portfolio.
Sonoco Products Co opened for trading at $47.07 and hit $47.85 on the upside on Monday, eventually ending the session at $47.82, with a gain of 1.98% or 0.93 points. The heightened volatility saw the trading volume jump to 5,69,835 shares. Company has a market cap of $4,828 M.
Other Hedge Funds, Including , Jfs Wealth Advisors reduced its stake in SON by selling 334 shares or 50.0% in the most recent quarter. The Hedge Fund company now holds 334 shares of SON which is valued at $15,661.Gw Henssler Associates Ltd reduced its stake in SON by selling 445 shares or 8.45% in the most recent quarter. The Hedge Fund company now holds 4,822 shares of SON which is valued at $228,900. Sonoco Products Co makes up approx 0.03% of Gw Henssler Associates Ltd’s portfolio.Breton Hill Capital Ltd. boosted its stake in SON in the latest quarter, The investment management firm added 2,866 additional shares and now holds a total of 12,108 shares of Sonoco Products Co which is valued at $584,574. Sonoco Products Co makes up approx 0.21% of Breton Hill Capital Ltd.’s portfolio.Rowland Co Investment Counseladv reduced its stake in SON by selling 274 shares or 0.58% in the most recent quarter. The Hedge Fund company now holds 47,015 shares of SON which is valued at $2,269,884. Sonoco Products Co makes up approx 1.07% of Rowland Co Investment Counseladv’s portfolio.
On the company’s financial health, Sonoco Products Co reported $0.65 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.59. The company had revenue of $1226.27 million for the quarter, compared to analysts expectations of $1209.30 million. The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.
Many Wall Street Analysts have commented on Sonoco Products Co. DA Davidson Downgraded Sonoco Products Co on Apr 11, 2016 to ” Underperform”, Price Target of the shares are set at $42.Sonoco Products Co was Downgraded by BofA/Merrill to ” Neutral” on Mar 18, 2016.
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 Companys Consumer Packaging segments operations comprise 90 plants across the world. The Companys Display and Packaging segments operations comprise 27 plants around the world including the United States Poland Mexico and Brazil. The Companys Paper and Industrial Converted Products segment provides the primary raw material for the Companys fiber-based packaging. The Protective Solutions segments products include custom-engineered paperboard-based and expanded foam protective packaging and components and temperature-assured packaging.