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Ernest D. Haynes III, President of Sonoco Metal Packaging (NYSE:PKG), recently executed a sale of Sonoco Products Co (NYSE:SON) shares, according to a Form 4 filing with the Securities and Exchange Commission. On February 26, Haynes sold 2,453 shares of common stock at an average price of $47.09 per share, amounting to a total transaction value of $115,513. The sale comes as the stock trades near its 52-week low of $44.35, while offering a notable 4.47% dividend yield.
Following the transaction, Haynes holds 7,796 shares directly. Additionally, he maintains an indirect ownership of shares through a 401(k) plan. This recent activity provides insight into the executive’s current investment decisions related to Sonoco Products, a $4.61 billion market cap company known for its manufacturing of paperboard containers and boxes. InvestingPro analysis reveals the company has maintained dividend increases for 42 consecutive years, with additional insights available in the comprehensive Pro Research Report.
In other recent news, Sonoco Products reported fourth-quarter revenue of $1.36 billion, falling short of the consensus estimate of $1.59 billion. Adjusted earnings per share were reported at $1.17, slightly below the expected $1.19. The company also provided a conservative guidance for 2025, forecasting adjusted EPS of $6.00 to $6.25, which is below Wall Street’s consensus of $6.40. Sonoco expects cash flow from operations to be between $750 million and $850 million and adjusted EBITDA to range from $1.3 billion to $1.4 billion for the year 2025.
Additionally, Sonoco completed the acquisition of Eviosys, a European food can manufacturer, in December, and anticipates approximately 20% growth in adjusted net income in 2025 compared to 2024. Raymond (NSE:RYMD) James analyst Matt Roberts adjusted Sonoco’s stock price target to $54.00 from $58.00, maintaining an Outperform rating. Roberts noted that despite some challenges, including Eviosys’s underperformance and delayed synergies, Sonoco’s 2025 guidance was above prior expectations. The analyst also increased the 2025 EBITDA/EPS estimates, citing potential margin expansion and a positive outlook for 2026.
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