Sonoco products CEO R. Howard Coker buys $249k in company stock By Investing.com

R. Howard Coker, President & CEO of Sonoco Products Co. (), acquired shares of the company’s common stock, according to a recent Form 4 filing with the Securities and Exchange Commission.

On August 7, 2026, Mr. Coker purchased 4,345 shares of common stock at a price of $57.4099 per share, totaling approximately $249,446. On the same day, Mr. Coker also disposed of 4,345 shares of common stock through a gift, which was valued at $0. The purchase comes as Sonoco shares trade near their 52-week high of $60.67, with the stock delivering a 37% year-to-date return. According to InvestingPro analysis, the company appears undervalued at current levels, trading at a P/E ratio of 8.99 while offering a 3.71% dividend yield.

Following these transactions, Mr. Coker directly owns 542,592 shares of Sonoco Products common stock. Additionally, 17,873.7037 shares are indirectly beneficially owned by his spouse.

In other recent news, Sonoco Products Co. reported its second-quarter 2026 financial results, surpassing Wall Street expectations. The company’s adjusted earnings per share came in at $1.51, slightly above the forecasted $1.49, while revenue reached $1.89 billion, edging past the consensus of $1.88 billion. Sonoco’s operating cash flow increased by 56% to $301 million, and free cash flow jumped 139% to $237 million. Despite a challenging environment with inflation and freight pressures, Sonoco maintained its full-year 2026 guidance, indicating confidence in its performance for the remainder of the year. Industrial results outperformed consumer results, supported by effective pricing, productivity, and high mill utilization. Additionally, the company’s net sales were reported at $1.9 billion, a slight decrease of 1% from the previous year, though underlying revenue rose 2% when excluding the divested ThermoSafe business. These developments reflect Sonoco’s strong execution and cash generation capabilities.

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