Sonoco: $1.8B Senior Unsecured Notes, Headwinds, And Divestitures Make This Stock Too Unpredictable [Seeking Alpha]
Sonoco Products Company (SON)
Last sonoco products company earnings: 4/16 06:45 am
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US:NYSE Investor Relations:
investor.sonoco.com/investor-relations-0
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Source: Seeking Alpha
Play 11min Summary Sonoco has recently priced $1.8 billion in senior unsecured notes to fund the Eviosys acquisition, significantly increasing their total debt and interest payments. Despite a 5% YoY revenue decline, I am not overly worried considering management's plan of refocusing Sonoco on its core businesses. In my view, the lack of insider buying and share buybacks lowers my confidence in the current price level, considering that it has been trading sideways since 2023. I maintain a Hold rating, awaiting clearer financial outcomes from the Eviosys acquisition and keeping a close eye on future insider buying activity or share buybacks. Dougal Waters/DigitalVision via Getty Images Sonoco Products Company ( NYSE: SON ) has recently announced the pricing of $1.8 billion in senior unsecured notes to fund the acquisition of Eviosys. Many investors are now wondering about the effects of this acquisition on This article was written by Deep Value Investing Follow
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SON
News
- Sonoco Reports Third Quarter 2024 ResultsGlobeNewswire
- Sonoco To Report Third Quarter 2024 ResultsGlobeNewswire
- Sonoco Declares Regular Quarterly Common Stock DividendGlobeNewswire
- Sonoco Products (NYSE: SON) had its price target raised by analysts at Citigroup Inc. from $62.00 to $63.00. They now have a "buy" rating on the stock.MarketBeat
- Platinum Equity in Talks to Buy Packaging Maker Trivium [BNN Bloomberg (Canada)]BNN Bloomberg
SON
Earnings
- 10/31/24 - Beat
SON
Sec Filings
- 10/31/24 - Form 8-K
- 10/15/24 - Form 4
- 10/3/24 - Form 4
- SON's page on the SEC website