Sonoco Prods Stock (NYSE:SON), Trade Ideas

Sonoco Prods

Over its 100-year-plus history, Sonoco Products has steadily assembled a diverse portfolio of industrial and consumer packaging product offerings such as flexible and rigid plastics, reels and spools, pallets, and composite cans. The company serves a variety of consumer and industrial end markets throughout North America. Sonoco has raised its dividend each year for more than 30 years.

Sonoco Products

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TROX

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a  high dividend payout. 

These 3 Materials Stocks Delivering High-Dividend Yields Are Recommended By Wall Street&#39;s Most Accurate Analysts

Pre-Market Outlook

Beat Inflation With These 3 High-Yielding Dividend Stocks In Materials Sector From Wall Street&#39;s Most Accurate Analysts

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The Board of Directors of&nbsp;Sonoco&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>) today increased its quarterly common stock dividend to&nbsp;$0.52&nbsp;per share from the previous quarterly distribution of&nbsp;$0.51&nbsp;per share. This new dividend will be paid on&nbsp;June 10, 2024, to shareholders of record as of&nbsp;May 10, 2024. &nbsp;
With this increase, Sonoco's annualized dividend payout moves to&nbsp;$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.
According to&nbsp;Howard Coker, President and Chief Executive Officer, this is the 396th&nbsp;consecutive quarter and 99th, year dating back to 1925, that the Company has paid dividends to shareholders, and is the 41st consecutive year the Company has increased its annualized dividend. Based on the closing price of Sonoco's common stock on&nbsp;April 15, 2024, the Company's dividend provides an approximate 3.6 percent yield, which is more than double the dividend yield of the S&amp;P 500 Index.

Sonoco Increases Quarterly Stock Dividend From $0.51 To $0.52 Per Share

Under the VPPA and subject to certain conditions, Sonoco and ENGIE have agreed to contract for an estimated 140 megawatts of electricity per year, representing approximately&nbsp;48%&nbsp;of Sonoco&#39;s U.S. electricity consumption in 2025 and approximately&nbsp;52%&nbsp;of the expected output capacity of Big Sampson, for a term of 15 years commencing upon Big Sampson&#39;s entry into commercial operation.

Contracts

ENGQF

Sonoco Products, ENGIE North America Enter Virtual Power Purchase Agreement For Production from Big Sampson Wind Project

Citigroup analyst Anthony Pettinari maintains Sonoco Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>) with a Buy and lowers the price target from $66 to $65.

Citigroup Maintains Buy on Sonoco Prods, Lowers Price Target to $65

Sonoco To Implement Price Increase Of €60 Per Ton (£50 For UK Market) For Uncoated Recycled Paperboard In Europe

On March 25, Robert Dillard, Chief Strategy Officer at Sonoco Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>) executed a significant insider buy, as disclosed in the latest SEC filing.
What Happened: In a Form 4 filing on Monday with the <a href="https://www.sec.gov/Archives/edgar/data/0000091767/000122520824004467//Archives/edgar/data/91767/000122520824004467/0001225208-24-004467-index.htm">U.S. Securities and Exchange Commission</a>, it was disclosed that Dillard bought 6,972 shares of Sonoco Prods, amounting to a total of $389,525.
As of Monday morning, Sonoco Prods shares are up by 0.32%, currently priced at $56.61.
<h3>Delving into Sonoco Prods's Background</h3>
Over its 100-year-plus history, Sonoco Products has steadily assembled a diverse portfolio of industrial and consumer packaging product offerings such as flexible and rigid plastics, reels and spools, pallets, and composite cans. The company serves a variety of consumer and industrial end markets throughout North America. Sonoco has raised its dividend each year for more than 30 years.
<h3>Breaking Down Sonoco Prods's Financial Performance</h3>
Negative Revenue Trend: Examining Sonoco Prods's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -2.4% in revenue growth, reflecting a decrease in top-line earnings. When compared to others in the Materials sector, the company excelled with a growth rate higher than the average among peers.
Evaluating Earnings Performance:
<ul>
<li>
Gross Margin: The company issues a cost efficiency warning with a low gross margin of 20.76%, indicating potential difficulties in maintaining profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Sonoco Prods's EPS is below the industry average. The company faced challenges with a current EPS of 0.829369. This suggests a potential decline in earnings.
</li>
</ul>
Debt Management: Sonoco Prods's debt-to-equity ratio is below the industry average at 1.38, reflecting a lower dependency on debt financing and a more conservative financial approach.
Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 11.76 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 0.82 is below industry norms, suggesting potential undervaluation and presenting an investment opportunity for those considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Sonoco Prods's EV/EBITDA ratio at 7.99 suggests potential undervaluation, falling below industry averages.
</li>
</ul>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
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<h3>Navigating the Impact of Insider Transactions on Investments</h3>
While insider transactions should not be the sole basis for making investment decisions, they can play a significant role in an investor's decision-making process.
In the context of legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as outlined by Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are obligated to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Despite insider sells not always signaling a bearish sentiment, they can be driven by various factors.
<h3>Unlocking the Meaning of Transaction Codes</h3>
For <a href="https://www.benzinga.com/money/investing-tools">investors</a>, a primary focus lies on transactions occurring in the open market, as indicated in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000091767">Check Out The Full List Of Sonoco Prods's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Chief Strategy Officer At Sonoco Prods Buys $389K of Stock

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments"> high dividend payout. </a>
Benzinga readers can review the latest analyst takes on&nbsp;their favorite stocks&nbsp;by visiting our&nbsp;<a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings&nbsp;</a>page. Traders can sort through Benzinga&#39;s extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie"> by analyst accuracy </a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the materials sector.
<h3>International Paper Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ip#NYSE">IP</a>)</h3>
<ul>
<li>Dividend Yield: 5.17%</li>
<li>RBC Capital analyst Scott Heleniak reiterated an Outperform rating with a price target of $43 on Feb. 2, 2024. This analyst has an accuracy rate of 71%.</li>
<li>Truist Securities analyst Michael Roxland maintained a Buy rating and cut the price target from $46 to $40 on Feb. 2, 2024. This analyst has an accuracy rate of 63%.</li>
<li>Recent News: On Feb. 1, International Paper reported fourth-quarter sales of $4.601 billion, missing the analyst consensus of $4.674 billion.</li>
</ul>
<h3>Tronox Holdings plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/trox#NYSE">TROX</a>)</h3>
<ul>
<li>Dividend Yield: 3.26%</li>
<li>BMO Capital analyst John McNulty maintained an Outperform rating and raised the price target from $18 to $19 on Feb. 20, 2024. This analyst has an accuracy rate of 65%.</li>
<li>Deutsche Bank analyst David Begleiter maintained a Buy rating and cut the price target from $18 to $17 on May 2, 2023. This analyst has an accuracy rate of 74%.</li>
<li>Recent News: On Feb. 15, Tronox Holdings posted upbeat quarterly sales.</li>
</ul>
<h3>Sonoco Products Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/son#NYSE">SON</a>)</h3>
<ul>
<li>Dividend Yield: 3.57%</li>
<li>Citigroup analyst Anthony Pettinari maintained a Buy rating and cut the price target from $70 to $68 on July 11, 2023. This analyst has an accuracy rate of 78%.</li>
<li>Seaport Global analyst Mark Weintraub upgraded the stock from Neutral to Buy with a price target of $65 on March 20, 2023. This analyst has an accuracy rate of 80%.</li>
<li>Recent News: On Feb. 14, Sonoco Products posted downbeat fourth-quarter earnings.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37458044/bitcoin-surpasses-65-000-pepe-emerges-as-top-gainer"> Bitcoin Surpasses $65,000; Pepe Emerges As Top Gainer </a>

These 3 Materials Stocks Delivering High-Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts

Monday marks the last chance for investors to receive the next dividend payout from Sonoco Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>). 
<h3>What's Happening</h3>
The company announced on Wednesday that it would pay shareholders a quarterly dividend of 51 cents per share. On Tuesday, Sonoco Prods will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 51 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own SON as of the end of Monday's session are eligible to receive the 51 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on March 08, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/quote/SON">Track real-time stock fluctuations for Sonoco Prods on Benzinga.</a>

Monday Is Your Last Chance To Buy Sonoco Prods Before The Dividend Payout

Guidance

Sonoco Products Expects Adjusted EPS Of $1.05-$1.15 (Est $1.19) For Q1, $5.10-$5.40 (Est $5.34) For FY24

Sonoco Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>) reported quarterly Adj earnings of $1.02 per share which missed the analyst consensus estimate of $1.04 by 1.92 percent. This is a 19.69 percent decrease over earnings of $1.27 per share from the same period last year. The company reported quarterly sales of $1.64 billion which beat the analyst consensus estimate of $1.61 billion by 1.61 percent. This is a 2.39 percent decrease over sales of $1.68 billion the same period last year.

Earnings

Sonoco Prods Q4 Adj EPS $1.02 Misses $1.04 Estimate, Sales $1.64B Beat $1.61B Estimate

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Earnings Scheduled For February 14, 2024

Sonoco Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-02-14. Here's what investors need to know before the announcement.
Analysts estimate that Sonoco Prods will report an earnings per share (EPS) of $1.04. 
Sonoco Prods bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.23, which was followed by a 4.56% increase in the share price the next day.
Here's a look at Sonoco Prods's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.23</td>
<td>1.50</td>
<td>1.32</td>
<td>1.21</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.46</td>
<td>1.38</td>
<td>1.40</td>
<td>1.27</td>
</tr>
<tr>
<td>Price Change %</td>
<td>4.56%</td>
<td>1.82%</td>
<td>-4.06%</td>
<td>1.02%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1707836486_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Sonoco Prods were trading at $57.1 as of February 12. Over the last 52-week period, shares are down 7.31%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/SON/earnings">To track all earnings releases for Sonoco Prods visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Sonoco Prods

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments"> high dividend payout. </a>
Benzinga readers can review the latest analyst takes on&nbsp;their favorite stocks&nbsp;by visiting our&nbsp;<a href="https://www.benzinga.com/analyst-stock-ratings" target="_blank">Analyst Stock Ratings&nbsp;</a>page. Traders can sort through Benzinga&#39;s extensive database of analyst ratings, including&nbsp;by analyst accuracy. Here&#39;s a look at the most recent high-yield dividend&nbsp;stock ratings from the most accurate Wall Street analysts, according to Benzinga&#39;s&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock&nbsp;</a><a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Ratings</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the materials sector.
<h3>Sonoco Products Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/son#NYSE">SON</a>)</h3>
<ul>
<li>Dividend Yield: 3.55%</li>
<li>Citigroup analyst Anthony Pettinari maintained a Buy rating and cut the price target from $70 to $68 on July 11, 2023. This analyst has an accuracy rate of 81%.</li>
<li>Seaport Global analyst Mark Weintraub upgraded the stock from Neutral to Buy with a price target of $65 on March 20, 2023. This analyst has an accuracy rate of 79%.</li>
<li>Recent News: Sonoco announced plans to sell its protective solutions packaging business to Black Diamond Capital Management for an estimated $80 million in cash..</li>
</ul>
<h3>Eastman Chemical Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/emn#NYSE">EMN</a>)</h3>
<ul>
<li>Dividend Yield: 3.82%</li>
<li>Keybanc analyst Aleksey Yefremov maintained an Overweight rating and raised the price target from $95 to $101 on Jan. 9, 2024. This analyst has an accuracy rate of 69%.</li>
<li>Citigroup analyst Patrick Cunningham maintained a Buy rating and cut the price target from $99 to $86 on Oct. 4, 2023. This analyst has an accuracy rate of 60%.</li>
<li>Recent News: Eastman Chemical posted better-than-expected fourth-quarter earnings.</li>
</ul>
<h3>Tronox Holdings plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/trox#NYSE">TROX</a>)</h3>
<ul>
<li>Dividend Yield: 3.52%</li>
<li>BMO Capital analyst John McNulty upgraded the stock from Market Perform to Outperform and raised the price target from $11 to $18 on Dec. 18, 2023. This analyst has an accuracy rate of 66%.</li>
<li>Barclays analyst Michael Leithead maintained an Overweight rating on the stock and cut the price target from $15 to $14 on Oct. 30, 2023. This analyst has an accuracy rate of 62%.</li>
<li>Recent News: Tronox, during October, reported third-quarter revenue of $662 million, a 26% decrease versus the prior year.</li>
</ul>
&nbsp;
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&nbsp;

Asset Sales

Sonoco To Sell Its Protective Solutions Packaging Business To Black Diamond Capital Management For Est. $80M In Cash

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments"> high dividend payout. </a>
Benzinga readers can review the latest analyst takes on&nbsp;their favorite stocks&nbsp;by visiting our&nbsp;<a href="https://www.benzinga.com/analyst-stock-ratings" target="_blank">Analyst Stock Ratings&nbsp;</a>page. Traders can sort through Benzinga&#39;s extensive database of analyst ratings, including&nbsp;by analyst accuracy. Here&#39;s a look at the most recent high-yield dividend&nbsp;stock ratings from the most accurate Wall Street analysts, according to Benzinga&#39;s&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock&nbsp;</a><a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Ratings</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the materials sector.
<h3>The Chemours Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cc#NYSE">CC</a>)</h3>
<ul>
<li>Dividend Yield: 3.47%</li>
<li>JP Morgan analyst Jeffrey Zekauskas maintained a Neutral rating and cut the price target from $38 to $26 on Nov. 7, 2023. This analyst has an accuracy rate of 72%.</li>
<li>BMO Capital analyst John McNulty maintained an Outperform rating and cut the price target from $45 to $39 on Oct. 30, 2023. This analyst has an accuracy rate of 66%.</li>
<li>Recent News: Chemours, during October, reported weaker-than-expected quarterly results.</li>
</ul>
<h3>Sonoco Products Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/son#NYSE">SON</a>)</h3>
<ul>
<li>Dividend Yield: 3.64%</li>
<li>Argus Research analyst David Coleman downgraded the stock from Buy to Hold on Aug. 3, 2023. This analyst has an accuracy rate of 63%.</li>
<li>Citigroup analyst Anthony Pettinari maintained a Buy rating and cut the price target from $70 to $68 on July 11, 2023. This analyst has an accuracy rate of 79%.</li>
<li>Recent News: Sonoco recently said it will increase the price for all converted paperboard products by a minimum of 6%, effective with shipments in the United States and Canada, on or after Feb. 1, 2024.</li>
</ul>
<h3>International Paper Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ip#NYSE">IP</a>)</h3>
<ul>
<li>Dividend Yield: 5.01%</li>
<li>Jefferies analyst Philip Ng maintained a Hold rating and cut the price target from $33 to $32 on Oct. 18, 2023. This analyst has an accuracy rate of 71%.</li>
<li>Citigroup analyst Anthony Pettinari maintained a Neutral rating and raised the price target from $30 to $38 on July 31, 2023. This analyst has an accuracy rate of 79%.</li>
<li>Recent News: International Paper said it will release fourth-quarter earnings on Feb. 1, 2024, before the opening bell.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/24/01/36672780/investor-optimism-eases-further-as-treasury-yields-rise-dow-falls-for-third-consecutive-session"> Investor Optimism Eases Further As Treasury Yields Rise; Dow Falls For Third Consecutive Session</a>

Beat Inflation With These 3 High-Yielding Dividend Stocks In Materials Sector From Wall Street's Most Accurate Analysts

&nbsp;Sonoco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>) today announced it will raise the price for all converted paperboard products by a minimum of&nbsp;6 percent, effective with shipments in the United States and Canada, on or after February 1, 2024. 
&nbsp;
&quot;This price increase is necessary due to continued increases in costs for uncoated recycled paperboard (URB), our primary raw material,&quot; said Mike Thompson, Vice President of Sales and Marketing for Sonoco&#39;s North American Converted Paper Products Division.

Sonoco Announces 6% Price Hike for Paperboard Products Amid Rising Costs

General

Sonoco Implements $50 Per Ton Price Increase For Uncoated Recycled Paperboard In the US And Canada Effective February 1, 2024

<a href="https://www.globenewswire.com/news-release/2023/12/01/2789524/26553/en/Sonoco-Acquires-Inapel-Embalagens-Ltda.html" title="https://www.globenewswire.com/news-release/2023/12/01/2789524/26553/en/Sonoco-Acquires-Inapel-Embalagens-Ltda.html">https://www.globenewswire.com/news-release/2023/12/01/2789524/26553/en/Sonoco-Acquires-Inapel-Embalagens-Ltda.html</a>

Sonoco Acquires Inapel Embalagens; Terms Not Disclosed

Sonoco Products Co Sees Q1 Base EPS Guidance Of $1.01-$1.16

The company behind pure-play ETFs that cover sectors such as cannabis stocks, the metaverse, sports betting and meme stocks is back with a new fund that covers a <a href="https://www.benzinga.com/topic/dividend-stocks">popular investment strategy.</a>
What Happened: Roundhill Investments launched the Roundhill S&amp;P Dividend Monarchs ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNGS#NYSE">KNGS</a>) on Thursday. 
The launch followed the company's recent ETF that targeted the <a href="https://www.benzinga.com/markets/penny-stocks/23/05/32457956/exclusive-roundhill-investments-launches-generative-ai-etf-in-wake-of-chatgpt-growth-here-ar">artificial intelligence sector.</a>
"The Roundhill S&amp;P Dividend Monarchs ETF is the first-ever U.S. listed ETF to track the performance of Dividend Monarchs, an elite group of U.S. blue chip companies that have grown their dividends for 50+ consecutive years," the company <a href="https://www.roundhillinvestments.com/etf/kngs/">said</a>.
The ETF will pay distributions on a quarterly basis, with payout dates in December, March, June and September listed on the website. The S&amp;P Dividend Monarchs Index yields 3.51% as of October 2023.
"These companies, having rewarded shareholders with rising dividends for over half a century, exemplify financial fortitude and long-term vision," Roundhill Chief Strategy Officer Dave Mazza said. "The KNGS ETF offers investors the opportunity to tap into this elite group, providing both the potential for robust yield and the premium quality associated with enduring blue-chip names."
Related Link: <a href="https://www.benzinga.com/news/23/03/31431119/exclusive-roundhill-launches-big-bank-etf-with-6-holdings-highlights-diversified-deposits-stronger-b">Exclusive: Roundhill Launches Big Bank ETF With 6 Holdings, Highlights Diversified Deposits, Stronger Balance Sheets</a>
Why the New ETF?: The fund tracks the companies that increased their dividends for 50 straight years. With the 50-year requirement, many of the world's most valuable companies are knocked out. 
"KNGS is the first U.S. listed ETF to offer exposure to Dividend Kings, the gold standard of dividend growers having raised dividends for over 50 plus years," Mazza told Benzinga.
According to Roundhill's website, the companies included in the ETF have been battle-tested over the years.
"They have successfully weathered economic challenges, market pullbacks, wars and other various other market shocks, all whilst continuing to deliver for shareholders," the website stated.
Economic storms listed include Black Monday, the 2000s tech bubble, the 2008 Financial Crisis and the COVID-19 pandemic.
"The Dividend Monarchs offers investors access to companies that have shown incredible resilience and have high quality characteristics including strong return on equity and low variability in their earnings," Mazza added.
Mazza said the companies in the ETF "exemplify financial fortitude and long-term vision."
The fund also provided access to dividend stocks, which were in favor in recent years given the challenges of the economy and stock market.
"We've heard from investors they're interested in having access to high-quality companies in uncertain market environment," Mazza said. 
Top Fund Holdings: The ETF includes 36 stock holdings.
Here are the top holdings in the ETF as of Nov. 2, with their fund weighting and current dividend yield listed:
Leggett &amp; Platt Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEG#NYSE">LEG</a>), 4.9% of fund, 7.7% yield
3M Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>), 4.9% of fund, 6.6% yield
Federal Realty Investment Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRT#NYSE">FRT</a>), 4.9% of fund, 4.8% yield
Black Hills Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKH#NYSE">BKH</a>), 4.8% of fund, 5.2% yield
Stanley Black &amp; Decker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWK#NYSE">SWK</a>), 4.0% of fund, 3.8% yield
Sonoco Products (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>), 3.9% of fund, 3.8% yield
Target Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>), 3.9% of fund, 4.0% yield
Kimberly-Clark Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMB#NYSE">KMB</a>), 3.8% of fund, 4.0% yield
AbbVie Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>), 3.8% of fund, 4.4% yield
Kenvue Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KVUE#NYSE">KVUE</a>), 3.7% of fund, 4.2% yield
Outside of the top 10 holdings, most investors will recognize other blue-chip stock names such as Coca-Cola Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>), PepsiCo, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NYSE">PEP</a>), Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>), Procter &amp; Gamble (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>), Lowe's Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) and many others.
Roundhill ETFs: The latest ETF launch from Roundhill Investments adds to the list of funds that cover niche sectors and overall market themes.
Among the highlights are:
Roundhill Generative AI &amp; Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHAT#NYSE">CHAT</a>)
Roundhill Cannabis ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/WEED#BATS">WEED</a>)
Roundhill Video Games ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NERD#NYSE">NERD</a>)
Roundhill Sports Betting &amp; iGaming ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BETZ#NYSE">BETZ</a>)
Roundhill Ball Metaverse ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/METV#NYSE">METV</a>)
Roundhill Big Tech ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIGT#NASDAQ">BIGT</a>)
Roundhill Big Banks ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIGB#NASDAQ">BIGB</a>)
Read Next:<a href="https://www.benzinga.com/markets/cannabis/22/04/26705309/a-new-fund-for-420-here-are-the-details-of-the-roundhill-cannabis-etf"> A New Fund For 420, Here Are The Details Of The Roundhill Cannabis ETF</a>

Specialty ETFs

New ETFs

Exclusives

Interview

ETFs

ABBV

BETZ

BIGB

BIGT

CHAT

KNGS

KVUE

METV

NERD

WEED

EXCLUSIVE: Roundhill Launches Dividend Kings ETF With 'The Gold Standard Of Dividend Growers,' Companies With 'Incredible Resilience'

Sonoco Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>) reported quarterly earnings of $1.46 per share which beat the analyst consensus estimate of $1.23 by 18.7 percent. This is a 8.75 percent decrease over earnings of $1.60 per share from the same period last year. The company reported quarterly sales of $1.71 billion which missed the analyst consensus estimate of $1.74 billion by 1.72 percent. This is a 9.52 percent decrease over sales of $1.89 billion the same period last year.

Sonoco Prods Q3 2023 Adj EPS $1.46 Beats $1.23 Estimate, Sales $1.71B Miss $1.74B Estimate

Dividend Champion, Contender, And Challenger Highlights: Week Of March 3

Sonoco Products: Mixed Outlook Due To Destocking And Inflation

Sonoco implements price increase for uncoated recycled paperboard in Europe

Sonoco Products (SON) has provided an announcement. Sonoco Products Company is set to enhance its operations by consolidating its flexible and ther...

Sonoco Products Restructures for Streamlined Consumer Packaging

Procter & Gamble, Johnson & Johnson Among 10 Dividend Growth Companies Announcing Increases In First Half Of April

Buy-rated stocks within Materials - Citi

Sysco And Grainger Among 10 Companies To Announce Annual Dividend Increases In Second Half Of April

Sonoco Products raises dividend by 2% to $0.52

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The U.S. stock market continues to climb the wall of worry, despite persistent inflation and heightened geopolitical risks. The S&amp;P 500 has returned 26% in the past 12 months, while the <a href="https://www.suredividend.com/wilshire-5000-stocks-list/">Wilshire 5000 index</a> (a broader gauge of the total U.S. stock market) has gained 23% in the past year, not including dividends.



With the market&rsquo;s strong rally, dividend yields have sunk. The S&amp;P 500 currently yields just 1.4% right now. Rising valuations and falling dividend yields have made many stocks overvalued.



However, there are still quality blue-chip dividend payers with reasonable valuations. These 3 <a href="https://investorplace.com/stock-types/dividend-stocks/">dividend stocks</a> have above-market dividend yields, earnings growth, and also appear undervalued, which could lead to high total returns in the years ahead.



<h2>Sonoco Products (SON)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/04/sonoco1600-son1600-300x169.jpg" alt="A smartphone showing the logo for Sonoco Products (SON) in front of another version of the company logo. "><div>Source: viewimage / Shutterstock.com</div></div>Sonoco Products (NYSE:<a href="https://investorplace.com/stock-quotes/son-stock-quote/">SON</a>) provides packaging, industrial products and supply chain services to its customers. The markets that use the company&rsquo;s products include those in the appliances, electronics, beverage, construction and food industries. The company generates nearly $7 billion in annual sales. Sonoco Products is now composed of two major segments: Consumer Packaging and Industrial Packaging.



Sonoco is a Dividend Champion, as it has <a href="https://investor.sonoco.com/news-releases/news-release-details/sonoco-increases-quarterly-stock-dividend-41s-consecutive-year">increased its dividend for 41 consecutive years</a>. On Feb. 14, 2024, Sonoco Products announced fourth quarter and full year results. For the quarter, <a href="https://investor.sonoco.com/news-releases/news-release-details/sonoco-reports-fourth-quarter-and-full-year-2023-results">revenue declined 1.8% to $1.64 billion</a>, but this was $20 million above expectations. Adjusted earnings per share of $1.02 compared unfavorably to $1.27 in the prior year. For 2023, revenue decreased 6% to $6.8 billion while adjusted EPS of $5.26 compared unfavorably to $6.48 in the prior year. This was, however, the company&rsquo;s second-best adjusted EPS result in its history.



Sonoco Products provided an outlook for 2024 as well, with the company expecting adjusted EPS of $5.10 to $5.40 for the year. The company has grown earnings per share at a rate of 8.4% since 2014. We maintain our forecast growth rate of 5% due to the high base from which earnings are starting.



<h2>Bank OZK (OZK)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/04/ozk1600-300x169.jpg" alt="A photo of the front of a Bank OZK (OZK) branch in Miami, Florida. "><div>Source: Lawrence Glass / Shutterstock.com</div></div>Bank OZK (NASDAQ:<a href="https://investorplace.com/stock-quotes/ozk-stock-quote/">OZK</a>) is a regional bank that offers services such as checking, business banking, commercial loans and mortgages to its customers in Arkansas, Florida, North Carolina, Texas, Alabama, South Carolina, New York and California. The bank was founded in 1903 and is headquartered in Little Rock, Arkansas.



Bank OZK has an impressive dividend growth history. On Jan. 2, 2024, the company announced a <a href="https://ir.ozk.com/news-releases/news-release-details/bank-ozk-announces-increase-quarterly-common-stock-dividend-8">38-cent quarterly dividend,</a> representing a 2.7% raise over the last quarter&rsquo;s payment and an 11.8% raise year over year. This marks its 54th consecutive quarter of raising its dividend.



Its dividend growth is possible because of its strong fundamentals. In mid-January, Bank OZK reported financial results for the fourth quarter of fiscal 2023. Total loans and deposits <a href="https://ir.ozk.com/news-releases/news-release-details/bank-ozk-announces-record-fourth-quarter-and-full-year-2023">grew 27% and 28%</a>, respectively, over last year&rsquo;s quarter. Net interest income grew 11% over the prior year&rsquo;s quarter, in sharp contrast to most banks, which incurred a decline in net interest income due to higher costs of deposits.



EPS grew 12%, from $1.34 to a new all-time high of $1.50, and exceeded the analysts&rsquo; consensus by 5 cents. 



We believe that Bank OZK will remain on its growth trajectory. Factors like general economic growth, a low payout ratio and coming off a low EPS base should help results. Non-interest income makes up just a small amount of its profits. Due to the record EPS expected this year, we expect 2% EPS growth over the next five years.



In the meantime, shares appear significantly undervalued with a 2024 P/E of 7x, compared with our fair value estimate of 11x. The stock is now trading at a lower valuation due to the broader selloff of regional banks. Still, if OZK stock trades at a P/E of 11x within five years, it would see a 9.5% annualized gain in its returns.



OZK stock has a current dividend yield of 3.6%, which means total returns could reach 15.1% over the next five years.



<h2>Bristol-Myers Squibb (BMY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/09/bmy1600a-300x169.jpg" alt="Bristol-Myers Squib (BMY) logo displayed on a phone screen"><div>Source: IgorGolovniov / Shutterstock.com</div></div>Bristol-Myers Squibb (NYSE:<a href="https://investorplace.com/stock-quotes/bmy-stock-quote/">BMY</a>) is a leading healthcare company. Its top three selling pharmaceuticals, Revlimid, Opdivo and Eliquis, have shown solid growth rates and are expected to see high peak annual sales. The stock has a market capitalization of approximately $100 billion.



In Q4 2023, revenue <a href="https://news.bms.com/news/corporate-financial/2024/Bristol-Myers-Squibb-Reports-Fourth-Quarter-and-Full-Year-Financial-Results-for-2023/default.aspx">grew slightly to $11.48 billion</a>. Adjusted EPS of $1.70 compared to $1.82 in the prior year and was 12 cents ahead of estimates. For 2023, revenue decreased 2.6% to $45 billion while adjusted EPS of $7.51 compared to $7.70 in the prior year.



For 2024, BMY expects revenue to grow in the low single-digits. Adjusted earnings are projected to be in a range of $7.10 to $7.40 for the year. The company is expected to remain highly profitable, yet shares trade for a relatively low valuation.



We are reaffirming our target multiple of 11 times earnings. This brings Bristol-Myers&rsquo; valuation more in line with its medium-term average valuation. Still, BMY stock trades for just 6.7 times the midpoint of 2024 EPS guidance. Therefore, the stock seems to be undervalued in our view.



For example, if the P/E multiple for BMY expanded from 6.7x to 11x over the next five years, it would increase annual returns by 10.4% over that period. Combined with 3% annual EPS growth and the 4.6% dividend yield, BMY stock could generate total returns of 18% per year over the next five years.



On the date of publication, Bob Ciura&nbsp;did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Bob Ciura has worked at <a href="https://twitter.com/SureDividend">Sure Dividend</a> since 2016. He oversees all content for Sure Dividend and its partner sites. Prior to joining Sure Dividend, Bob was an independent equity analyst. His articles have been published on major financial websites such as The Motley Fool, Seeking Alpha, Business Insider and more. Bob received a bachelor&rsquo;s degree in Finance from DePaul University and an MBA with a concentration in investments from the University of Notre Dame.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/3-undervalued-dividend-stocks-to-buy-now-to-beat-the-sp-500/">3 Undervalued Dividend Stocks to Buy Now to Beat the S&#038;P 500</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.