South Carolina-based Sonoco ranks 5th on the list of 10 best papers stocks to buy now.
In August 2020, Sonoco shared rallied after the company bought France-based sustainable paper packaging company Can Packaging for €41.7 million. In the third quarter, Sonoco posted an adjusted EPS of $0.86 beating the Wall Street’s estimates by $0.04. Revenue in the quarter totaled $1.31 billion, missing the consensus estimate by $10 million.
Ian Simm’s Impax Asset Management is one of the leading shareholders of Sonoco as of the end of the third quarter, with 477,000 shares of the company, worth $24.4 million.