Kerry Group PLC (OTCMKTS:KRYAY) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Kerry Group PLC (OTCMKTS:KRYAY – Get Free Report) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company.

A number of analysts have recently commented on the stock. Sanford C. Bernstein began coverage on shares of Kerry Group in a report on Wednesday, July 22nd. They set an “outperform” rating on the stock. Citigroup restated a “neutral” rating on shares of Kerry Group in a research note on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Kerry Group in a report on Thursday, July 30th.

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Institutional Inflows and Outflows

A hedge fund recently raised its stake in Kerry Group stock. Madison Asset Management LLC boosted its position in shares of Kerry Group PLC (OTCMKTS:KRYAY – Free Report) by 0.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,751 shares of the company’s stock after acquiring an additional 113 shares during the quarter. Madison Asset Management LLC’s holdings in Kerry Group were worth $2,922,000 at the end of the most recent reporting period. 0.22% of the stock is owned by hedge funds and other institutional investors.

Kerry Group Trading Up 0.1%

Shares of OTCMKTS:KRYAY opened at $97.05 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.68 and a quick ratio of 1.10. The stock has a 50 day moving average price of $92.80 and a 200-day moving average price of $86.73. Kerry Group has a 52-week low of $74.48 and a 52-week high of $98.58.

About Kerry Group

(Get Free Report)

Kerry Group (OTCMKTS:KRYAY) is a global leader in taste and nutrition solutions for the food, beverage and pharmaceutical industries. The company develops, manufactures and supplies a broad portfolio of ingredients, flavors and integrated solutions designed to enhance taste, improve health and simplify production processes. Kerry’s offerings span across dairy-based ingredients, flavors, texturizers, enzymes, probiotics and nutritional premixes, serving both industrial customers and consumer food brands.

Through its Taste & Nutrition division, Kerry provides customized flavor systems, savory and sweet taste platforms, and nutritional ingredients for applications such as snacks, bakery, dairy, beverages and meat alternatives.

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