5 Best Packaging Stocks to Buy Now

4. Sealed Air Corporation (NYSE:SEE)

Number of Hedge Fund Holders: 32

Sealed Air Corporation (NYSE:SEE) is an American company that provides packaging solutions focused on food safety, product protection, and sustainability. During the first quarter of 2023, the company generated $52 million in operating cash flow, up from $48 million in the prior-year period. Its free cash flow for the quarter came in at $13 million.

Sealed Air Corporation (NYSE:SEE), one of the best packaging stocks, currently pays a quarterly dividend of $0.20 per share and has a dividend yield of 1.98%. During Q1 2023, the company returned $31 million to shareholders in dividends.

Sealed Air Corporation (NYSE:SEE) was a popular buy among elite funds in Q1 2023, as 32 hedge funds tracked by Insider Monkey owned stakes in the company, up significantly from 23 in the previous quarter. These stakes have a total value of nearly $210 million.

Vulcan Value Partners mentioned Sealed Air Corporation (NYSE:SEE) in its Q1 2023 investor letter. Here is what the firm has to say:

“Sealed Air Corporation (NYSE:SEE) is a global protective packaging company operating in the food and beverage, industrial, and e-commerce markets. The company sells both packaging equipment and consumable packaging. Sealed Air has a strong market position with leading technology and brands. In the food and beverage market, the Cryovac brand is the gold standard for packaging and shipping fresh, uncooked proteins. Food safety is critically important, and customers are willing to pay for quality and reliability. Additionally, switching costs are high and customer relationships are typically sticky and long term in nature. Sealed Air’s brands in e-commerce and industrial include Bubble Wrap and Instapax, and the competitive advantages in these markets are largely similar.”