Abner Herrman & Brock Raised Its Pepsico (PEP) Position; Last Week Sonoco Products Company (SON) Analysts

Among 13 analysts covering Sonoco Products Company (NYSE:SON), 3 have Buy rating, 1 Sell and 9 Hold. Therefore 23% are positive. Sonoco Products Company had 37 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Hold” rating by Deutsche Bank given on Monday, November 16. As per Friday, March 18, the company rating was downgraded by Vertical Research. The company was maintained on Wednesday, September 6 by Jefferies. The rating was maintained by Jefferies with “Hold” on Monday, June 26. Macquarie Research initiated the stock with “Neutral” rating in Tuesday, November 10 report. Vertical Research downgraded the shares of SON in report on Friday, July 22 to “Sell” rating. KeyBanc Capital Markets maintained the stock with “Hold” rating in Wednesday, September 20 report. On Tuesday, August 1 the stock rating was maintained by Jefferies with “Hold”. The rating was initiated by Goldman Sachs on Thursday, May 12 with “Neutral”. As per Monday, April 11, the company rating was downgraded by DA Davidson. See Sonoco Products Company (NYSE:SON) latest ratings:

15/12/2017 Broker: Barclays Capital Old Rating: Underweight New Rating: Equal-Weight Old Target: $49 Upgrade
03/12/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
10/11/2017 Broker: Robert W. Baird Rating: Buy New Target: $60.0 Maintain
01/11/2017 Broker: BMO Capital Markets Rating: Hold New Target: $54.0 Maintain
20/10/2017 Broker: Barclays Capital Rating: Underweight Old Target: $48 New Target: $49 Maintain
27/09/2017 Broker: BMO Capital Markets Rating: Hold New Target: $54.0 Maintain
20/09/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
06/09/2017 Broker: Jefferies Rating: Hold New Target: $48.0 Maintain
06/09/2017 Broker: Bank of America Old Rating: Underperform New Rating: Buy Old Target: $56 Upgrade
25/08/2017 Broker: BMO Capital Markets Rating: Hold New Target: $54.0 Maintain

Abner Herrman & Brock Llc increased Pepsico Inc (PEP) stake by 3.93% reported in 2017Q3 SEC filing. Abner Herrman & Brock Llc acquired 4,315 shares as Pepsico Inc (PEP)’s stock rose 5.12%. The Abner Herrman & Brock Llc holds 114,179 shares with $12.72M value, up from 109,864 last quarter. Pepsico Inc now has $169.66B valuation. The stock increased 0.34% or $0.41 during the last trading session, reaching $119.3. About 2.47M shares traded. Pepsico, Inc. (NYSE:PEP) has risen 12.20% since December 28, 2016 and is uptrending. It has underperformed by 4.50% the S&P500.

Sonoco Products Company manufactures and sells industrial and consumer packaging products in North and South America, Europe, Australia, and Asia. The company has market cap of $5.30 billion. The firm operates through four divisions: Consumer Packaging, Paper and Industrial Converted Products, Display and Packaging, and Protective Solutions. It has a 19.65 P/E ratio. The Consumer Packaging segment offers composite and thermoformed plastic round and shaped rigid containers and trays; extruded and injection-molded plastic products; printed flexible packaging products; brand artwork management; and metal and peelable membrane ends and closures.

Investors sentiment decreased to 1.19 in Q3 2017. Its down 0.08, from 1.27 in 2017Q2. It is negative, as 26 investors sold Sonoco Products Company shares while 98 reduced holdings. 36 funds opened positions while 112 raised stakes. 69.34 million shares or 1.59% less from 70.45 million shares in 2017Q2 were reported. 11,600 were accumulated by Axa. Carroll Associates accumulated 45,028 shares. Northwestern Mutual Wealth Mgmt holds 0.01% of its portfolio in Sonoco Products Company (NYSE:SON) for 16,085 shares. Cetera Advisor Netwr Ltd Limited Liability Company holds 0.01% or 4,372 shares. Coldstream Mgmt owns 15,856 shares. Thrivent For Lutherans stated it has 0% in Sonoco Products Company (NYSE:SON). Wharton Business Group Limited Liability Corporation holds 0.83% of its portfolio in Sonoco Products Company (NYSE:SON) for 155,925 shares. 3.35M were reported by Invesco Ltd. Macquarie Grp Inc Ltd, a Australia-based fund reported 11,062 shares. Dekabank Deutsche Girozentrale reported 99,500 shares stake. Garrison has invested 0.25% in Sonoco Products Company (NYSE:SON). Moreover, Schwab Charles Investment Management Incorporated has 0.02% invested in Sonoco Products Company (NYSE:SON) for 507,158 shares. Public Employees Retirement Of Ohio holds 0.01% or 53,232 shares. Capital One National Association invested in 16,204 shares or 0.06% of the stock. Moreover, Wedge Mngmt L Lp Nc has 0% invested in Sonoco Products Company (NYSE:SON) for 10,163 shares.

The stock increased 0.23% or $0.12 during the last trading session, reaching $53.34. About 250,082 shares traded. Sonoco Products Company (NYSE:SON) has risen 9.55% since December 28, 2016 and is uptrending. It has underperformed by 7.15% the S&P500.

Since September 15, 2017, it had 0 insider purchases, and 4 insider sales for $366,758 activity. 727 shares valued at $38,531 were sold by ARTHUR VICKI B on Friday, October 20. $295,754 worth of Sonoco Products Company (NYSE:SON) shares were sold by Saunders Barry L. Florence John M sold $3,658 worth of stock. Thompson Marcy J sold $28,815 worth of Sonoco Products Company (NYSE:SON) on Monday, October 2.

Since August 7, 2017, it had 0 insider purchases, and 2 insider sales for $7.21 million activity. The insider Gallagher Marie T. sold $4.84 million. Shares for $2.37 million were sold by Laguarta Ramon.

Abner Herrman & Brock Llc decreased Walgreens Boots Alliance Inc stake by 7,787 shares to 130,912 valued at $10.11M in 2017Q3. It also reduced Wells Fargo & Co (NYSE:WFC) stake by 217,613 shares and now owns 14,975 shares. Automatic Data Processing (NASDAQ:ADP) was reduced too.