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Valley Wealth Sells $20 Million of Sonoco Products Stock
Yahoo Finance· 2026-02-19 13:50
Company Overview - Sonoco Products Company reported a total revenue of $7.5 billion and a net income of $591 million for the trailing twelve months (TTM) [4] - The company has a dividend yield of 4.31% and its stock price was $49.01 as of market close on February 3, 2026, reflecting a 7.9% increase over the past year, although it underperformed the S&P 500 by 9.0 percentage points [4][6] Business Model and Operations - Sonoco operates as a leading global provider of packaging solutions, with a diversified product portfolio that includes industrial and consumer packaging products such as rigid paper containers, metal and peelable membrane ends, and flexible packaging [6][7] - The company has two main segments: Consumer Packaging and Industrial Paper Packaging, serving a wide range of industries including food, beverage, and construction across global markets [7][8] Recent Financial Activity - Valley Wealth Managers, Inc. sold 479,832 shares of Sonoco Products Company, with the estimated transaction value at $19.9 million, leading to a decline in the fund's position by $20.7 million quarter over quarter [2][6] - Following the sale, the remaining position in Sonoco was reduced to 475 shares, valued at $20,729 at the end of the quarter [6] Market Position and Growth - Despite a significant revenue surge of 42% in 2025, Sonoco is characterized as a relatively slow-growing business with a history of low top-line growth [9] - The company’s competitive position is supported by its broad geographic reach and focus on innovation within the packaging industry [8]