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Munich Reinsurance Co Stock Corp in Munich Acquires Shares of 317,218 Avery Dennison Corporation $AVY
Munich Reinsurance Co Stock Corp in Munich has acquired a new stake of 317,218 shares in Avery Dennison Corporation (NYSE:AVY), valued at approximately $51.44 million, representing about 0.41% of the company. This comes as Avery Dennison recently reported strong quarterly earnings, beating EPS expectations, and declared a quarterly dividend of $0.94. Several other institutional investors also adjusted their positions in the company, which holds a “Moderate Buy” rating from analysts.