A Director at Sonoco Products (NYSE: SON) is Selling Shares

By Carrie Williams

Today, a Director at Sonoco Products (NYSE: SON), John Linville, sold shares of SON for $2.72M.

In addition to John Linville, one other SON executive reported Sell trades in the last month.

The company has a one year high of $53.57 and a one year low of $36.56. SON’s market cap is $5.05B and the company has a P/E ratio of 21.70. Currently, Sonoco Products has an average volume of 400.3K.

Based on 4 analyst ratings, the analyst consensus is Hold with an average price target of $47.33, reflecting a 5.8% upside. 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 80 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.

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. The Consumer Packaging segment includes the following products and services: round composite cans, shaped rigid paperboard containers, fiber caulk or adhesive tubes, aluminum, steel and peelable membrane easy-open closures for composite and metal cans; plastic bottles, jars, jugs, cups and trays; printed flexible packaging, rotogravure cylinder engraving, and global brand management. The Paper and Industrial Converted Products segment consists of the following products and services: recycled paperboard, chipboard, tubeboard, lightweight corestock, boxboard, linerboard, corrugating medium, specialty grades; paperboard tubes and cores, molded plugs, reels; collection, and processing and recycling of old corrugated containers, paper, plastics, metal, glass, and other recyclable materials. The Display Packaging segment offers the following products and services: point-of-purchase displays; custom packaging; and retail packaging, including printed backer cards, thermoformed blisters and heat sealing equipment; fulfillment; primary package filling; supply chain management; and paperboard specialties. The Protective Solutions segments comprises of the following products and services: custom-engineered, paperboard-based and expanded foam protective packaging and components; and temperature-assured packaging. The company was founded by James Lide Coker on May 10, 1899 and is headquartered at Hartsville, SC.