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Sonoco Products Company

SON · NYSE

Market closed$56.57$0.390000 (+0.69%)After hours $56.56 · -0.02%

Key statistics

Previous close$56.18
Open$56.22
Day high$56.97
Day low$55.75
52-week high$58.44
52-week low$38.65
Market cap5.59B
Volume801.04K
Average volume1.41M
P/E ratio10.21
Forward P/E5.81
EPS5.54
Dividend yield+3.77%

Market context

Why it moved

Sonoco Products (SON) edged higher today, likely supported by a broader market rebound amid geopolitical tensions in the Middle East, as investors viewed the packaging company's stable, defensive business model favorably against a backdrop of escalating U.S.-Iran conflict threatening global supply chains and energy markets.

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What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026Sonoco Products edged higher ahead of its Q2 2026 earnings report scheduled for July 22, with analysts expecting $1.49 EPS and $1.89B in revenue — a potential rebound from a disappointing Q1 that missed estimates by $0.37. The company reinforced its income appeal this week by declaring its 405th consecutive quarterly dividend of $0.54/share (~4% yield), while analysts at Bank of America raised their price target to $69 (Buy) and Citigroup lifted theirs to $66. Raymond James flagged headwinds for paper-based packaging from rising old corrugated container costs, a key sector watchpoint for Sonoco heading into results.

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July 16, 2026Sonoco Products edged higher, supported by a flurry of positive analyst activity and a milestone dividend declaration ahead of its Q2 earnings report due July 22. Bank of America lifted its price target to $69 (from $65) with a Buy rating, while Truist maintained Buy with a modest trim to $64 from $65, and Citigroup recently raised its target to $66. The company also declared its 405th consecutive quarterly dividend of $0.54 per share — a ~4.0% yield — marking 43 straight years of annual increases. Separately, Graphic Packaging's entry into recycled paperboard adds a competitive headwind to watch.

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July 15, 2026Sonoco Products closed modestly lower despite a meaningful positive catalyst: BofA Securities raised its price target on the stock to $69 from $65 while maintaining a Buy rating, citing improved outlooks within its broader packaging sector note. The same note struck a cautious tone on packaging broadly, flagging lackluster demand and weak volumes outside beverage cans, and warning that FX could become an earnings risk if Middle East tensions persist. Compounding the competitive backdrop, Graphic Packaging's launch of PaceSetter Ridgeline—its first uncoated recycled paperboard product—intensifies rivalry in Sonoco's core industrial packaging markets.

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July 14, 2026Sonoco Products closed down sharply, pressured by a double hit of company-specific and macro headwinds. Graphic Packaging's launch of PaceSetter Ridgeline™ — its entry into the uncoated recycled paperboard market — intensified competitive concerns for Sonoco, which derives significant revenue from tubes, cores, and industrial paperboard. This comes on top of lingering investor unease following Sonoco's Q1 earnings miss (EPS of $1.20 vs. $1.57 expected) and a broader risk-off session driven by renewed U.S.-Iran tensions that sent oil prices surging ~5% and weighed on consumer cyclical stocks.

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July 11, 2026Sonoco Products closed modestly higher, buoyed by Citigroup raising its price target to $66 from $63 while maintaining a Buy rating — implying roughly 18% upside — reflecting confidence in the company's cost-savings roadmap and long-term margin expansion targets. The bullish analyst action comes amid mixed sentiment: Sonoco carries a consensus Hold rating after missing Q1 EPS estimates by $0.37, though management reaffirmed FY2026 EPS guidance of $5.80–$6.20 and the board approved its 43rd consecutive annual dividend increase. Investors are also monitoring the company's removal from Russell defensive indices in late June, which could shift its shareholder base, alongside elevated leverage from its Metal Packaging EMEA acquisition.

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July 10, 2026Sonoco Products edged higher, buoyed by a bullish analyst action as Citigroup maintained its Buy rating and raised its price target on the stock from $63 to $66, implying roughly 19% upside. The move reflects confidence in Sonoco's ongoing cost-savings program — targeting $150–$200 million in savings and ~200 bps of EBITDA margin expansion through 2028 — even as the broader paper and packaging industry faces headwinds from soft demand, tariff pressures, and raw material cost volatility.

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July 9, 2026Sonoco Products fell sharply amid a broad market risk-off selloff triggered by a collapse in the U.S.-Iran ceasefire, which sent oil prices surging over 3% and reignited inflation fears. Compounding the macro headwinds, a Seeking Alpha analyst downgraded the stock to fairly valued after its ~23% run over the past year, citing muted macro conditions despite Sonoco's ongoing operational transformation through acquisitions and asset sales. Adding further pressure, Sonoco was recently removed from the Russell 1000 Defensive and Russell 1000 Value-Defensive indices, a reclassification that may prompt index-tracking funds to reduce exposure and shift its shareholder base. In after-hours trading, shares recovered modestly, up ~1.4% to $55.39.

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July 8, 2026Sonoco Products edged lower, closing down roughly 0.9%, as a Seeking Alpha analyst downgraded the stock to 'fairly valued,' citing limited upside despite the company's strategic pivot toward resilient consumer packaging and away from plastics and industrial exposure. The downgrade reflects a view that anticipated synergies and a muted macro backdrop are already priced in. The broader packaging sector faces headwinds from weak demand, tariff pressures, and elevated raw material costs — with the Zacks Containers - Paper and Packaging industry ranked in the bottom 13% of industries — though Zacks maintained a Buy rating on Sonoco as one of three packaging stocks positioned to weather industry challenges.

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MarketBeat · July 17, 2026Fifth Third Bancorp Grows Position in Sonoco Products Company $SONMarketBeat · July 16, 2026Sonoco Products Company Announces Quarterly Dividend of $0.54 (NYSE:SON)marketscreener.com · July 15, 2026Truist Securities Adjusts Sonoco Products Price Target to $64 From $65, Maintains Buy RatingInvesting.com · July 15, 2026Sonoco declares $0.54 quarterly dividend, 405th consecutiveMoomoo · July 15, 2026Truist Financial Maintains Sonoco Products(SON.US) With Buy Rating, Cuts Target Price to $64Stock Titan · July 15, 2026Sonoco dividend marks 405 straight quarters of payoutsQuiver Quantitative · July 15, 2026Sonoco Products Company Declares Quarterly Dividend of $0.54 per ShareTradingView · July 14, 2026Sonoco Products Company Stock 12‑Month Price Target Raised to $62.11, Implies 16% Upside
Mt Newswire · July 15, 2026Sonoco Products Keeps Quarterly Dividend at $0.54 a Share, Payable Sept. 10 to Holders of Record Aug. 10
Benzinga · July 15, 2026Truist Securities Maintains Buy on Sonoco Products, Lowers Price Target to $64
Benzinga · July 14, 2026B of A Securities Maintains Buy on Sonoco Products, Raises Price Target to $69
Mt Newswire · July 14, 2026Packaging, Forest Products Face Lackluster Demand, Weak Volumes, BofA Says
Mt Newswire · July 14, 2026BofA Adjusts Price Target on Sonoco Products to $69 From $65, Maintains Buy Rating
Benzinga · July 9, 2026Citigroup Maintains Buy on Sonoco Products, Raises Price Target to $66
Benzinga · June 8, 2026Sonoco To Increase Prices For All Converted Paperboard Products By 7%, Effective With Shipments On And After July 8
Benzinga · June 8, 2026Sonoco Products Implements $60 Per Ton Price Increase For All Grades Of Uncoated Recycled Paperboard In US And Canada, Effective With Shipments Beginning July 8

Peers

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