On March 25, Robert Dillard, Chief Strategy Officer at Sonoco Prods (NYSE:SON) executed a significant insider buy, as disclosed in the latest SEC filing.
What Happened: In a Form 4 filing on Monday with the U.S. Securities and Exchange Commission, it was disclosed that Dillard bought 6,972 shares of Sonoco Prods, amounting to a total of $389,525.
As of Monday morning, Sonoco Prods shares are up by 0.32%, currently priced at $56.61.
Delving into Sonoco Prods's Background
Over its 100-year-plus history, Sonoco Products has steadily assembled a diverse portfolio of industrial and consumer packaging product offerings such as flexible and rigid plastics, reels and spools, pallets, and composite cans. The company serves a variety of consumer and industrial end markets throughout North America. Sonoco has raised its dividend each year for more than 30 years.
Breaking Down Sonoco Prods's Financial Performance
Negative Revenue Trend: Examining Sonoco Prods's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -2.4% in revenue growth, reflecting a decrease in top-line earnings. When compared to others in the Materials sector, the company excelled with ...