Yesterday, the SVP Paper of Sonoco Products (SON), Rodger Fuller, sold shares of SON for $306.4K.
Following Rodger Fuller’s last SON Sell transaction on April 24, 2018, the stock climbed by 10.0%.
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Based on Sonoco Products’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.35 billion and quarterly net profit of $73.66 million. In comparison, last year the company earned revenue of $1.3 billion and had a net profit of $74.06 million. SON’s market cap is $6.02B and the company has a P/E ratio of 19.47. Currently, Sonoco Products has an average volume of 683.7K.
Based on 6 analyst ratings, the analyst consensus is Hold with an average price target of $58.80, reflecting a -2.5% downside.
The insider sentiment on Sonoco Products has been negative according to 70 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Sonoco Products Co. engages in the manufacture of industrial and consumer packaging products and provides packaging services. It operates through the following segments: Consumer Packaging, Paper and Industrial Converted Products, Display and Packaging, and Protective Solutions.
