5 Best Packaging Stocks to Buy Now

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1. 3M Company (NYSE:MMM)

Number of Hedge Fund Holders: 51

3M Company (NYSE:MMM) is an American multinational conglomerate that also has a presence in the packaging industry and provides various packaging solutions and products. The company is a Dividend King with 65 years of dividend growth streak under its belt. It currently pays a quarterly dividend of $1.50 per share and has a dividend yield of 5.93%, as of July 4.

As of the close of Q1 2023, 51 hedge funds in Insider Monkey’s database reported having stakes in 3M Company (NYSE:MMM), compared with 52 in the previous quarter. The collective worth of these stakes is over $697.3 million.

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