5 Best Packaging Stocks to Buy Now

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In this article, we discuss 5 best packaging stocks to buy now. If you want to read our detailed analysis of the packaging industry and its performance over the years, go directly to read 11 Best Packaging Stocks to Buy Now.

5. Avery Dennison Corporation (NYSE:AVY)

Number of Hedge Fund Holders: 30

Avery Dennison Corporation (NYSE:AVY) is an Ohio-based materials science and manufacturing company that specializes in labeling and packaging materials, as well as various solutions for industries such as retail, apparel, automotive, healthcare, and more. It is among one of the best packaging stocks to buy now.

In the first quarter of 2023, Avery Dennison Corporation (NYSE:AVY) posted an EPS of $1.70, which surpassed analysts’ estimates by $0.05. During the quarter, the company paid $114 million to shareholders through dividends and share repurchases. It currently pays a quarterly dividend of $0.81 per share for a dividend yield of 1.87%, as of July 4. The company has been growing its dividends for 12 years running.

At the end of Q1 2023, 30 hedge funds in Insider Monkey’s database reported having stakes in Avery Dennison Corporation (NYSE:AVY), up from 26 a quarter earlier. These stakes have a consolidated value of over $243.5 million.

Follow Avery Dennison Corp (NYSE:AVY)

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