Mutual of America Capital Management LLC Has $4.26 Million Holdings in Sonoco Products Co (SON)

Mutual of America Capital Management LLC lessened its stake in Sonoco Products Co (NYSE:SON) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 80,161 shares of the industrial products company’s stock after selling 1,738 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Sonoco Products were worth $4,260,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. State Street Corp boosted its stake in shares of Sonoco Products by 1.2% during the 2nd quarter. State Street Corp now owns 6,544,078 shares of the industrial products company’s stock valued at $336,491,000 after buying an additional 77,004 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Sonoco Products by 15.7% during the 3rd quarter. American Century Companies Inc. now owns 2,579,422 shares of the industrial products company’s stock valued at $130,132,000 after buying an additional 349,455 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Sonoco Products by 1.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,363,962 shares of the industrial products company’s stock valued at $68,811,000 after buying an additional 13,158 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Sonoco Products by 2.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,279,308 shares of the industrial products company’s stock valued at $64,540,000 after buying an additional 36,612 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of Sonoco Products by 56.1% during the 3rd quarter. Janus Henderson Group PLC now owns 1,011,830 shares of the industrial products company’s stock valued at $51,047,000 after buying an additional 363,692 shares during the last quarter. Institutional investors own 72.00% of the company’s stock.

Shares of Sonoco Products Co (SON) opened at $51.42 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.11 and a current ratio of 1.59. The stock has a market capitalization of $5,103.24, a P/E ratio of 19.16, a P/E/G ratio of 3.52 and a beta of 1.12. Sonoco Products Co has a 52-week low of $47.10 and a 52-week high of $55.77.

Several equities analysts have recently commented on the company. Barclays upgraded Sonoco Products from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $49.00 to $55.00 in a research note on Friday, December 15th. Zacks Investment Research cut Sonoco Products from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. KeyCorp reiterated a “hold” rating on shares of Sonoco Products in a research note on Sunday, December 3rd. Finally, Robert W. Baird reissued a “buy” rating and set a $60.00 price target on shares of Sonoco Products in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. Sonoco Products currently has an average rating of “Hold” and an average price target of $53.86.

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Sonoco Products Profile

Sonoco Products Company is engaged in manufacturing of industrial and consumer packaging products, and providing packaging services. The Company operates in four segments: Consumer Packaging, Paper and Industrial Converted Products, Display and Packaging, and Protective Solutions. Its Consumer Packaging segment’s products and services 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.

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Institutional Ownership by Quarter for Sonoco Products (NYSE:SON)

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