Today, the SVP Plastic Pkg of Sonoco Products (NYSE: SON), Vicki Arthur, sold shares of SON for $199.4K.
Following Vicki Arthur’s last SON Sell transaction on April 29, 2016, the stock climbed by 8.6%. In addition to Vicki Arthur, one other SON executive reported Sell trades in the last month.
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Based on Sonoco Products’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.3 billion and quarterly net profit of $74.06 million. In comparison, last year the company earned revenue of $1.17 billion and had a net profit of $53.73 million. SON’s market cap is $5.25B and the company has a P/E ratio of 26.84. Currently, Sonoco Products has an average volume of 399.3K.
Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $57.00, reflecting a -8.7% downside. Three different firms, including Barclays and D.A. Davidson, currently also have a Sell rating on the stock.
The insider sentiment on Sonoco Products has been negative according to 49 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.
