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Sonoco Products, seeing a 30.6% revenue jump, attracts major investor stake and boosts dividends.
Sonoco Products Company, an industrial packaging firm, has attracted significant investor interest, with Janney Montgomery Scott LLC now owning a 29.8% stake.
Insiders have also purchased shares, and the company reported a 30.6% revenue increase to $1.71 billion in Q1, despite slightly missing earnings expectations.
Sonoco announced a substantial increase in dividends, reflecting its strong financial position.
Analysts predict EPS of 6.1 for the year.
The company offers engineered and sustainable packaging products across multiple continents.
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Sonoco Products, viendo un salto de ingresos del 30,6%, atrae la participación de los principales inversores y aumenta los dividendos.