Sonoco Products Company (NYSE:SON) Shorts Down -8.59% - Shares Trading Down

Sonoco Products has a 1-year low of $47.10 and a 1-year high of $55.58. The stock of Sonoco Products Co (NYSE:SON) has "Sell" rating given on Friday, August 7 by Zacks. Citigroup has 0% invested in Sonoco Products Co (NYSE:SON) for 59,582 shares.

SON has been the topic of a number of recent analyst reports. The company's revenue was up 2.9% compared to the same quarter past year. Vertical Research raised Sonoco Products from a "sell" rating to a "hold" rating and set a $45.00 price target for the company in a research report on Wednesday, August 2nd. Bank of America downgraded the shares of SON in report on Monday, October 3 to "Underperform" rating. Goldman Sachs has "Neutral" rating and $50 target. The ex-dividend date is Wednesday, May 10th. The stock has "Buy" rating by RBC Capital Markets on Friday, June 30.

BlueMountain Capital Management LLC increased its holdings in shares of Sonoco Products Company (NYSE:SON) by 96.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. It is the same, as 25 investors sold Sonoco Products Co shares while 97 reduced holdings. only 50 funds opened positions while 105 raised stakes.

Perkins Investment Management, LLC divested its ownership by shedding 177,072 shares a decrease of 23.4% in the quarter. Nvr Inc now has $10.51 billion valuation. Vanguard Group Inc. now owns 9,516,077 shares of the industrial products company's stock worth $503,591,000 after acquiring an additional 1,280,470 shares during the period. About 446,156 shares traded. The Coca-Cola Co (NYSE:KO) has declined 0.95% since September 23, 2016 and is downtrending. It has outperformed by 22.16% the S&P500.

04/21/2017 - Sonoco Products Company had its "hold" rating reiterated by analysts at Jefferies. Therefore 17% are positive. Coca-Cola had 53 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of NVR, Inc. The firm has "Hold" rating by BMO Capital Markets given on Wednesday, July 19. The firm has "Buy" rating given on Tuesday, July 21 by Sterne Agee CRT. The rating was maintained by BTIG Research with "Buy" on Thursday, May 25. The rating was initiated by Wells Fargo with "Market Perform" on Thursday, September 29.

Since May 3, 2017, it had 0 insider buys, and 4 sales for $22.03 million activity. $3.71M worth of NVR, Inc. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. 2,086 shares were sold by SAVILLE PAUL C, worth $4.83 million. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. (NYSE:NVR) shares. $67,603 worth of NVR, Inc. Perez Beatriz R sold $1.32 million worth of stock.

Investors sentiment is 1.27 in Q2 2017. Its up 0.44, from 1.13 in 2017Q1. It is positive, as 49 investors sold KO shares while 618 reduced holdings. Palo Cap holds 1.3% or 956 shares in its portfolio. Wealthfront holds 0.06% or 86,221 shares. Jpmorgan Chase holds 0.01% or 19,455 shares in its portfolio. Pacad Invest invested in 6,200 shares or 0.05% of the stock. Balyasny Asset Ltd Company reported 1.00 million shares stake. Birinyi reported 420 shares. Shareholders of record on Friday, August 11th were given a $0.39 dividend. (NYSE:NVR). Raymond James Assoc, a Florida-based fund reported 2,065 shares. Verition Fund Ltd invested in 0.05% or 10,373 shares. Mason Street Ltd Liability stated it has 0.1% of its portfolio in NVR, Inc.

Analysts await The Coca-Cola Co (NYSE:KO) to report earnings on October, 25. During the same period past year, the firm posted $0.73 EPS. SON's profit will be $73.56M for 16.42 P/E if the $0.74 EPS becomes a reality. As of the latest earnings report the EPS was $2.63 and is estimated to be $2.75 for the current year with 99,396,000 shares outstanding.

Rhumbline Advisers decreased Sonoco Prod Co Com (SON) stake by 4.06% reported in 2017Q2 SEC filing. Vontobel Asset Management Inc sold 164,038 shares as Coca Cola Co (KO)'s stock rose 6.48%. Ambev Sa (NYSE:ABEV) was raised too.

Investors sentiment is 1.27 in Q2 2017.

Sonoco Products Co (SON) has a 14-day ATR of 0.64. Glenmede Na accumulated 0% or 13,609 shares. Td Asset holds 0% or 19,818 shares in its portfolio. Vident Inv Advisory Lc reported 7,928 shares or 0.03% of all its holdings. Arizona State Retirement Systems reported 0.03% in Sonoco Products Co (NYSE:SON). Cantab Capital Partners Llp controls 12,511 shares valued at $643,000,000. Guggenheim Cap Limited Liability Company holds 132,298 shares or 0.02% of its portfolio. Churchill Mgmt holds 37,413 shares. Blackrock Incorporated owns 11.12 million shares or 0.03% of their USA portfolio. Co Commercial Bank holds 75,530 shares. Sabal Tru Communications owns 456,290 shares. Lsv Asset reported 529,300 shares stake.

Sonoco Products Co (NYSE:SON) opened at 52.03 on Tuesday. Airain Ltd holds 16,655 shares.

Sonoco Products Company (Sonoco), launched on May 10, 1899, is a manufacturer of industrial and consumer packaging products and a provider of packaging services. The firm has a market capitalization of $4.86 billion, a PE ratio of 18.57 and a beta of 1.12. The Company operates in four segments: Consumer Packaging, Paper and Industrial Converted Products, Display and Packaging, and Protective Solutions.

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