5 Cheap Blue-Chip Dividend Stocks to Invest In

4. Amcor plc (NYSE: AMCR)

Number of Hedge Fund Holders: 16
Dividend Yield: 3.72%

Share Price as of August 25: $12.62

Amcor plc (NYSE: AMCR) is a producer and seller of packaging products for food, beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries. The company ranks 4th on our list of cheap blue-chip dividend stocks to invest in.

Mark Wilde, an analyst at BMO Capital, this August reiterated his Outperform rating on shares of Amcor plc (NYSE: AMCR). The analyst also holds a $13.50 price target on the shares.

In the fiscal third quarter of 2021, Amcor plc (NYSE: AMCR) had an EPS of $0.18, beating estimates by $0.01. The company’s revenue was $3.21 billion, up 2.1% year over year and beating the previous quarter’s $3.1 billion revenue. Amcor plc (NYSE: AMCR) has gained 11.29% in the past 6 months and 10.90% year to date.

By the end of the second quarter of 2021, 16 hedge funds out of the 873 tracked by Insider Monkey held stakes in Amcor plc (NYSE: AMCR) worth roughly $212 million. This is compared to 16 hedge funds in the previous quarter with a total stake value of approximately $226 million.