10 Best ASX Stocks to Buy According to Hedge Funds

3. Amcor plc (NYSE:AMCR)

Number of Hedge Fund Holdings: 18

Amcor plc (NYSE:AMCR) is a global packaging company specializing in the development and production of packaging solutions for various industries, including food, beverage, healthcare, and personal care. The company offers innovative packaging solutions that enhance product safety, extend shelf life, and reduce environmental impact. Amcor plc (NYSE:AMCR) serves a diverse client base, ranging from large multinational corporations to local businesses.

Amcor plc (NYSE:AMCR) is committed to developing packaging solutions that eliminate waste, lower carbon footprints, and increase recycling rates while preserving functionality. To demonstrate this commitment, Amcor plc (NYSE:AMCR) has appointed a new Chief Sustainability Officer and is leveraging its innovative fiber-based offerings, such as AmFiber, a paper-based solution for a variety of products and markets, to drive more growth and support the transition to more sustainable packaging solutions.

Amcor plc (NYSE:AMCR) is also focusing on optimizing its portfolio to orient its mix towards faster-growing, higher-margin categories. The company has been concentrating on categories such as healthcare, meat, pet care, and premium coffee, and is now expanding its focus to include dairy and liquid applications.