5 Best Packaging Stocks to Buy According to Hedge Funds

In this piece, we will take a look at the five best packaging stocks to buy according to hedge funds. If you want to learn more about the latest trends in the packaging industry, then check out 12 Best Packaging Stocks to Buy According to Hedge Funds.

5. International Paper Company (NYSE:IP)

Number of Q4 2023 Hedge Fund Shareholders: 31

International Paper Company (NYSE:IP) is one of the biggest fiber and pulp based packaging companies in the world. April 2024 is quite a crucial month for the firm as it is optimistic that it might be able to list its shares for a secondary listing on the London Stock Exchange.

By the end of Q4 2023, 31 out of the 933 hedge funds covered by Insider Monkey’s research had bought and owned International Paper Company (NYSE:IP)’s shares. Edgar Wachenheim’s Greenhaven Associates was the biggest investor as it owned a $355 million stake.

4. Sealed Air Corporation (NYSE:SEE)

Number of Q4 2023 Hedge Fund Shareholders: 42

Sealed Air Corporation (NYSE:SEE) sells food packaging products to the food and meat industry. Its shares are rated Buy on average, and the average analyst share price target is $41.64.

During December 2023, 42 out of the 933 hedge funds part of Insider Monkey’s database had held a stake in the firm. Sealed Air Corporation (NYSE:SEE)’s largest hedge fund shareholder is Israel Englander’s Millennium Management as it owns $187 million worth of shares.

3. Berry Global Group, Inc. (NYSE:BERY)

Number of Q4 2023 Hedge Fund Shareholders: 43

Berry Global Group, Inc. (NYSE:BERY) sells bottles, containers, canisters, and other associated packaging products. The firm is quite busy in April 2024 as it has announced new packaging products for protein powder and increased its recycling capacity.

For their fourth quarter of 2023 shareholdings, 43 out of the 933 hedge funds tracked by Insider Monkey had bought and owned Berry Global Group, Inc. (NYSE:BERY)’s shares. Joshua Friedman and Mitchell Julis’s Canyon Capital Advisors was the biggest investor through its $186 million stake.

2. Crown Holdings, Inc. (NYSE:CCK)

Number of Q4 2023 Hedge Fund Shareholders: 46

Crown Holdings, Inc. (NYSE:CCK) makes and sells a variety of cans for beverage and non beverage use cases. Like several other packaging stocks on our list, it is also busy expanding its renewable energy footprint and signed a 15 year solar power purchase agreement in Spain in March 2024.

As of December 2023 end, 46 out of the 933 hedge funds surveyed by Insider Monkey were the firm’s shareholders. Crown Holdings, Inc. (NYSE:CCK)’s largest hedge fund shareholder is Lauren Taylor Wolfe’s Impactive Capital as it holds $272 million worth of shares.

1. WestRock Company (NYSE:WRK)

Number of Q4 2023 Hedge Fund Shareholders: 71

WestRock Company (NYSE:WRK) is one of the biggest packaging companies in the world with close to sixty thousand employees. It sells container boards, liner boards, pouches, and other packaging products. The firm’s first quarter results unveiled in February 2024 showed how packaging companies are cyclical stocks, as WestRock Company (NYSE:WRK) missed analyst revenue estimates on the back of weak consumer spending.

71 out of the 933 hedge funds part of Insider Monkey’s Q4 2023 database had invested in WestRock Company (NYSE:WRK). Edgar Wachenheim’s Greenhaven Associates owned the biggest stake which was worth $556 million.

Disclosure: None. You can also take a look at the 20 Least Affordable Metros for Homebuyers in the US and 40 Best Fashion Schools in the World for 2024.

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