Sonoco Products (SON)

Founded in 1899, Sonoco is a global provider of a variety of consumer packaging, industrial products, protective packaging, and displays and packaging supply chain services. With annualized net sales of approximately $5.4 billion, the Company has 23,000 employees working in approximately 300 operations in 36 countries, serving some of the world’s best known brands in some 85 nations. Sonoco is committed to creating sustainable products, services and programs for our customers, employees and communities that support its corporate purpose of Better Packaging. Better Life. The Company ranked first in the Packaging sector on Fortune’s World’s Most Admired Companies for 2020 as well as Barron’s 100 Most Sustainable Companies.

Company profile

Ticker

SON

Exchange

NYSE

Website

www.sonoco.com

CEO

Robert Coker

Incorporated

South Carolina

Location

South Carolina

Fiscal year end

Dec 31

Sector

Manufacturing > Other Paperboard Container Manufacturing

Industry (SIC)

Paperboard Containers & Boxes

WestRock • Graphic Packaging Holding • Packaging Corp Of America • DSS • WRKCo • Cryptyde ...

SEC CIK

0000091767

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Sonoco Consumer Products South Africa (PTY) Ltd. ...

IRS number

570248420

SON stock data

1M 1Y 5Y

News

From Benzinga Pro

Sonoco Raises Q2 Base Net Income Per Share Guidance From $1.20-$1.30 To $1.60-$1.70 vs $1.27 Est.

22 Jun 22

HARTSVILLE, S.C., June 22, 2022 (GLOBE NEWSWIRE) -- Sonoco (NYSE:SON), one of the largest global sustainable packaging companies, today provided updated guidance for its second quarter net income per

JELD-WEN Taps Sonoco Executive Julie Albrecht As Finance Chief

21 Jun 22

Sonoco Picks Internal Candidate Rob Dillard As Finance Chief

15 Jun 22

Stocks That Hit 52-Week Lows On Wednesday

15 Jun 22

Sonoco Products Finance Chief To Depart In June

25 May 22

Press releases

From Benzinga Pro

Sonoco Raises Second-Quarter 2022 Financial Guidance

22 Jun 22

HARTSVILLE, S.C., June 22, 2022 (GLOBE NEWSWIRE) -- Sonoco (NYSE:SON), one of the largest global sustainable packaging companies, today provided updated guidance for its second quarter net income per diluted share,

Sonoco Participates in European Recycling Trials That Show Digital Watermarking Yields Accurate Container Sortation Results

20 Jun 22

HARTSVILLE, S.C., June 20, 2022 (GLOBE NEWSWIRE) -- The first HolyGrail 2.0 sorting prototype was successfully validated in March this year following semi-industrial trials, using NIR and digital watermarks detection

Hill Elected Lead Independent Director of Sonoco's Board of Directors

16 Jun 22

HARTSVILLE, S.C., June 16, 2022 (GLOBE NEWSWIRE) -- Sonoco (NYSE:SON), one of the largest sustainable global packaging companies, today announced that Robert R. Hill, Jr., has been elected Lead Independent Director of

Sonoco Announces Transition of Chief Financial Officer

25 May 22

Kellogg's, Sustana, Sonoco Partner to Prove Recyclability of Paper Containers

16 May 22

Analyst ratings and price targets

Last 3 months

Calendar

3 May 22

26 Jun 22

31 Dec 22

Financial summary

Financial statements Chart SON financial data

Quarter (USD)	Apr 22	Dec 21	Oct 21	Jul 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	151.54M	151.54M	151.54M	151.54M	151.54M	151.54M
Cash burn (monthly)	6.48M	36.33M	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	17.97M	100.74M	n/a	n/a	n/a	n/a
Cash remaining	133.57M	50.8M	n/a	n/a	n/a	n/a
Runway (months of cash)	20.6	1.4	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

SON insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
15 Jun 22	Dillard Robert R	RSU Common Stock	Grant	Acquire A	No	No	0	10,941	0	10,941
10 Jun 22	Albrecht Julie C	RSU Common Stock	Grant	Acquire A	No	No	56.91	62	3.53K	764.4
10 Jun 22	Sean Cairns	RSU Common Stock	Grant	Acquire A	No	No	56.91	13.9	791.05	13.9
10 Jun 22	Coker R. Howard	RSU Common Stock	Grant	Acquire A	No	No	56.91	516	29.37K	9,493.1
10 Jun 22	Davies Pamela Lewis	Phantom Stock Units Common Stock	Grant	Acquire A	No	No	56.91	418.3	23.81K	48,996.3

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

SON institutional ownership history Ownership history

85.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	410	412	-0.5%
Opened positions	56	72	-22.2%
Closed positions	58	42	+38.1%
Increased positions	136	131	+3.8%
Reduced positions	141	146	-3.4%

13F shares	Current	Prev Q	Change
Total value	5.34B	6.98B	-23.5%
Total shares	83.09M	82.13M	+1.2%
Total puts	62.8K	40.5K	+55.1%
Total calls	50.9K	32K	+59.1%
Total put/call ratio	1.2	1.3	-2.5%

Largest owners	Shares	Value	Change
BLK Blackrock	10.99M	$687.63M	+3.4%
Vanguard	10.58M	$662.12M	+1.6%
STT State Street	8.24M	$515.55M	+13.4%
American Century Investment Management	7.02M	$406.14M	0.0%
American Century Companies	5.55M	$347.28M	-17.9%
RY Royal Bank Of Canada	2.41M	$151.06M	-0.7%
BAC Bank Of America	2.1M	$131.5M	+7.2%
Victory Capital Management	1.95M	$121.9M	-6.5%
Dimensional Fund Advisors	1.8M	$112.91M	+8.3%
Geode Capital Management	1.35M	$84.28M	-0.5%

Largest transactions	Shares	Bought/sold	Change
American Century Companies	5.55M	-1.21M	-17.9%
STT State Street	8.24M	+972.16K	+13.4%
Charles Schwab Investment Management	589.65K	-970.14K	-62.2%
Norges Bank	0	-912.32K	EXIT
Fuller & Thaler Asset Management	825.09K	+825.09K	NEW
Deprince Race & Zollo	704.36K	+704.36K	NEW
Acadian Asset Management	554.02K	+554.02K	NEW
NTRS Northern Trust	782.2K	-367.45K	-32.0%
BLK Blackrock	10.99M	+362.52K	+3.4%
Russell Investments	313.3K	+294.63K	+1578.1%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Management Discussion

Statements included in this Quarterly Report on Form 10-Q that are not historical in nature are intended to be, and are hereby identified as, “forward-looking statements” for purposes of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended. In addition, the Company and its representatives may from time to time make other oral or written statements that are also “forward-looking statements.” Words such as "anticipate," "assume," "believe," "can," "committed," "commitment," "consider," "could," “estimate,” "expect," "forecast," "future," "goal," "guidance," “intend,” "may," "might," "objective," "opportunity," "outlook," “plan,” "potential," "project," “strategy,” “target,” “will,” “would,” or the negative thereof, and similar expressions identify forward-looking statements. Forward-looking statements in this Annual Report on Form 10-K include, but are not limited to, statements regarding:

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

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Removed: activated, adjust, adversely, annuity, appliance, August, authority, automotive, behavior, Brazil, Brexit, buy, called, check, choose, cleaning, clearance, Codification, commenced, continental, contingency, continuity, convenience, convert, converted, Cooperation, corrugated, criteria, critical, deficiency, Department, depend, designer, differential, discontinued, Disease, disposed, dispute, disruption, distancing, diverse, Division, downstream, eating, effectively, essential, European, evaluated, exceeding, exited, expansion, expiration, extended, face, Florida, flu, Force, freeze, froze, generation, Habsheim, heat, hired, home, Homeland, hourly, importing, incentive, Infrastructure, initiated, involved, IRS, Jacksonville, low, machine, manufacturer, maximum, mentioned, mixed, monitoring, moving, negotiated, NOPA, notably, noted, notice, offer, opening, operation, optimize, Organization, pharmaceutical, premium, pretax, Prevention, priority, privately, proactively, prohibiting, proposed, proposing, protest, reached, realigned, realignment, rebound, recast, recession, reflect, remote, replace, resin, response, reverse, routine, safety, salaried, sealing, sequential, served, serving, shift, show, simplify, solid, statute, storage, stronger, subsumed, subtopic, suspended, Task, tender, tendered, terminated, ThermoSafe, thousand, top, transform, transport, travel, true, TuboTec, unchanged, union, utilizing, vaccine

From filing 10-Q 2022 Q1

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