BMO Capital analyst Mark Wilde keeps his Market Perform rating and $56 price target on Sonoco after the company's annual Analyst Day presentation earlier this month. The analyst notes that the management has "repositioned" its targets of $6B in revenue and 16% EBITDA margin to 2020, even though these were initially rolled out for 2017, suggesting that Sonoco may be "running behind" on its earlier objectives. Wilde adds that the company is facing the headwinds of a cyclical easing in its industrial business and an "anti-plastics sentiment", but believes that these risks are reflected in Sonoco's valuation.

The Board of Directors of Sonoco increased its quarterly common stock dividend to 52c per share from the previous quarterly distribution of 51c per share. This new dividend will be paid on June 10, 2024, to shareholders of record as of May 10, 2024. With this increase, Sonoco's annualized dividend payout moves to $2.08 per share. Future quarterly declarations and the establishment of future record and payment dates are subject to final determination by Sonoco's Board of Directors.