Coronation Fund Managers Ltd. Invests $1.97 Million in Berry Global Group,
January 2, 2024
🌥️Trending News
Coronation Fund Managers Ltd. recently invested $1.97 Million in Berry Global ($NYSE:BERY) Group, Inc., a leading manufacturer of plastic packaging products and solutions. Headquartered in Evansville, Indiana, the company offers a broad range of services to the consumer packaged goods industry, including blow molding, injection molding, extrusion, thermoforming, and other manufacturing processes. The company’s products are used for a variety of applications, including food and beverage packaging, personal care products, and medical devices.
In addition, Berry Global provides a variety of services to its customers, such as design and prototyping, printing, customizing, and complete supply chain solutions. The investment from Coronation Fund Managers Ltd. is a clear vote of confidence in the company’s future prospects.
Price History
On Thursday, Coronation Fund Managers Ltd. announced they had invested $1.97 million in Berry Global Group, Inc. Upon this news, Berry Global Group’s stock opened at $67.9 and closed at $68.1, up by a slim 0.3% from the prior closing price. With this investment, Coronation Fund Managers is looking to benefit from the company’s long-term growth prospects. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Berry Global. More…
| Total Revenues | Net Income | Net Margin |
| 12.66k | 609 | 5.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Berry Global. More…
| Operations | Investing | Financing |
| 1.61k | -776 | -1.07k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Berry Global. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 16.59k | 13.37k | 28.68 |
Key Ratios Snapshot
Some of the financial key ratios for Berry Global are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.6% | -2.1% | 8.3% |
| FCF Margin | ROE | ROA |
| 7.3% | 19.3% | 3.9% |
Analysis
GoodWhale conducted an analysis of BERRY GLOBAL‘s wellbeing, and our findings were very impressive. The Star Chart showed that BERRY GLOBAL has a high health score of 8/10 with regard to its cashflows and debt, indicating that it is capable to safely ride out any crisis without the risk of bankruptcy. We also classified the company as a ‘cow’, meaning that it has the track record of paying out consistent and sustainable dividends. Given BERRY GLOBAL’s strong score in health and dividends, we believe that income-oriented investors may be interested in this company. BERRY GLOBAL is also medium in dividend, growth, profitability and weak in asset, presenting further potential for investors to consider. More…
Peers
Berry Global Group Inc is one of the world’s largest plastic packaging providers and competes with leading international companies such as Huhtamäki Oyj, Southern Packaging Group Ltd, and Xiamen Jihong Technology Co Ltd. These companies produce a range of plastic packaging solutions for various markets around the world, offering a variety of products, services, and technologies.
– Huhtamäki Oyj ($LTS:0K9W)
Huhtamäki Oyj is a Finnish manufacturer of packaging solutions and services. It is a global leader in packaging, with operations in 35 countries and sales in more than 70 countries. With a market cap of 3.51B in 2022, the company is well-positioned to capitalize on the increasing demand for sustainable and innovative packaging solutions. Furthermore, Huhtamäki Oyj has an impressive Return on Equity of 14.22%, illustrating the company’s strong financial performance and returns for shareholders.
– Southern Packaging Group Ltd ($SGX:BQP)
Southern Packaging Group Ltd is a leading packaging solutions provider based in the United Kingdom. The company specializes in providing innovative and cost-effective packaging solutions to a wide range of industries, including food, beverage, pharmaceutical and medical device manufacturing. As of 2022, Southern Packaging Group Ltd has a market cap of 29.89M and a Return on Equity of 1.31%. The company’s market cap reflects its strong position in the industry and its ability to provide high quality, competitively priced products and services. Its return on equity indicates the company’s success in generating profits from its investments.
– Xiamen Jihong Technology Co Ltd ($SZSE:002803)
Xiamen Jihong Technology Co Ltd is a leading Chinese technology company that specializes in the development and sale of smart home, communications, and network products. With a market cap of 5.72B as of 2022, the company has exhibited strong financial performance and has become one of the largest firms in the technology sector. Xiamen Jihong Technology Co Ltd also boasts an impressive Return on Equity of 6.53%, indicating that the company is successfully generating profits for its investors. The company’s success is driven by its commitment to developing innovative products and services that solve customers’ needs.
Summary
Berry Global Group, Inc. has recently been in the spotlight as Coronation Fund Managers Ltd. has reported a $1.97 million stake in the company. Despite the current economic uncertainty, Berry Global Group, Inc. appears to be a solid investment option.
