Is Sonoco Stock a Buy After the CFO Purchased Over 8,000 Shares?
Key Points
CFO Paul Joachimczyk acquired 8,058 shares at a reported price of $49.64 per share, representing a transaction value of ~$400,000 on April 24, 2026.
The purchase increased direct holdings by 39.31%, bringing post-transaction direct ownership to 28,558 shares.
This is the second material open-market purchase by the CFO in less than six months, reflecting a substantial increase in personal equity exposure at a time when the stock's one-year return is 13.23% as of April 24, 2026.
- 10 stocks we like better than Sonoco Products ›
Paul Joachimczyk, Chief Financial Officer of Sonoco Products Company (NYSE:SON), reported the acquisition of 8,058 shares in an open-market purchase valued at ~$400,000 on April 24, 2026, according to a SEC Form 4 filing.
Transaction summary
| Metric | Value |
|---|---|
| Shares traded (direct) | 8,058 |
| Transaction value | $400,000 |
| Post-transaction shares (direct) | 28,558 |
| Post-transaction value (direct ownership) | $1.42 million |
Transaction and post-transaction values based on SEC Form 4 reported purchase price ($49.64).
Key questions
- What proportion of existing holdings does this purchase represent?
The acquisition expanded direct holdings by 39.31%, increasing the CFO's stake from 20,500 to 28,558 shares. - Is there evidence of a trend or pattern in recent insider activity?
This is the second major open-market purchase by Paul Joachimczyk since October 2025, with cumulative net buying totaling 28,558 shares and no sales recorded to date. - How does the transaction price compare to current and recent trading levels?
The purchase price of $49.64 per share was approximately 2.5% above the April 24, 2026 market close of $48.45 and is within 1.2% of the trading price of $50.25 as of April 28, 2026. - What is the current scale of insider ownership relative to overall company equity?
Following the transaction, the CFO holds 0.029% of outstanding shares, aligning with typical insider ownership levels for large-cap industrial firms.
Company overview
| Metric | Value |
|---|---|
| Employees | 23,400 |
| Revenue (TTM) | $7.49 billion |
| Net income (TTM) | $1.02 billion |
| 1-year price change | 13.23% |
* 1-year performance calculated using April 24th, 2026 as the reference date.
Company snapshot
- Sonoco Products Company offers industrial and consumer packaging products including rigid paper containers, flexible packaging, molded foam, and temperature-assured packaging, with revenue primarily from the Consumer Packaging and Industrial Paper Packaging segments.
- It operates a global manufacturing footprint, generating revenue through the production and sale of fiber-based, plastic, and metal packaging solutions to a diversified set of end markets.
- The company serves customers in the paper, textile, food, chemical, packaging, construction, and wire and cable industries across North and South America, Europe, Australia, and Asia.
Sonoco Products Company is a leading global manufacturer of packaging solutions, leveraging a broad product portfolio and extensive operational scale. The company’s strategy focuses on serving diverse industrial and consumer markets with innovative, fiber-based, and sustainable packaging.
Sonoco’s longstanding presence and integrated business model provide a competitive edge through supply chain efficiency and customer diversification.
What this transaction means for investors
The April 24 purchase of Sonoco Products stock by CFO Paul Joachimczyk is a noteworthy event, especially given shares hit a 52-week high of $58.44 in February, and are still well above the low of $38.65. The buy demonstrates Joachimczyk is bullish on the stock’s future.
Shares rose after Sonoco reported 2025 revenue of $7.5 billion, an impressive 42% year-over-year increase, and reduced net debt by 40% year over year, strengthening its balance sheet.
However, the stock dropped after first quarter results showed sales slipped 2% year over year to $1.68 billion, and the company’s 2026 sales guidance projected between $7.25 billion to $7.75 billion in revenue, which is comparable to 2025 performance. The Q1 sales drop was due to the divestiture of its ThermoSafe business, and should bounce back over the long term.
That could be a factor in why Joachimczyk purchased shares. The buy makes sense considering Sonoco stock’s valuation. Its price-to-earnings ratio of eight is around a low point for the past year, suggesting shares are at an attractive price level relative to earnings. This suggests now may be a good time to pick up Sonoco Products stock.
Should you buy stock in Sonoco Products right now?
Before you buy stock in Sonoco Products, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Sonoco Products wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $496,797!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,282,815!*
Now, it’s worth noting Stock Advisor’s total average return is 979% — a market-crushing outperformance compared to 200% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
See the 10 stocks »
*Stock Advisor returns as of April 30, 2026.
Robert Izquierdo has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Recommended Articles
