5 Best Packaging Stocks to Buy Now

4. International Paper Co (NYSE: IP)

International Paper is a Tennessee-based packaging company. Its stock is up close to 50% over the last 6 months. International Paper is currently in a cost-cutting mode. In December it announced to spin off its papers segment in a standalone company. In January 2020, the company revealed plans to divest its 90.38% shareholding interest in Olmuksan International Paper to Mondi Group for about $81 million.

As of the end of the third quarter, 32 hedge funds out of the 816 funds tracked by Insider Monkey had stakes in International Paper. The net worth of these stakes is $199.32 million. Cliff Asness’ AQR Capital Management owns about 1.7 million shares of the company.

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