EDMP, INC. Initiates Position in Sonoco Products

EDMP, INC. has disclosed a new investment in Sonoco Products Company (NYSE: SON), purchasing 53,828 shares. The acquisition, valued at approximately $2.77 million based on quarterly average pricing, reflects the fund's preference for established dividend-paying companies trading at depressed multiples. By the end of the reporting quarter, the position's value rose to $2.91 million, reflecting both the initial purchase and subsequent price appreciation. The stake represents roughly 2.4% of EDMP's 13F reportable assets under management, though it currently sits outside the fund's top five holdings. Sonoco, a global provider of industrial and consumer packaging solutions, has recently underperformed the broader market. This lag is largely attributed to elevated leverage resulting from recent merger and acquisition activity, which has created the deep-value entry point sought by EDMP. For market participants tracking institutional flow, the trade signals a tactical interest in Sonoco's yield and cash-flow multiples. However, the relatively small size of the position suggests a cautious approach rather than a high-conviction commitment to the stock.