Kerry Group PLC (OTCMKTS:KRYAY – Get Free Report)’s stock price reached a new 52-week high during trading on Thursday. The company traded as high as $108.54 and last traded at $108.54, with a volume of 482 shares traded. The stock had previously closed at $105.39.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on KRYAY shares. The Goldman Sachs Group raised Kerry Group to a “strong-buy” rating in a research note on Thursday, August 20th. Sanford C. Bernstein initiated coverage on Kerry Group in a report on Wednesday, July 22nd. They issued an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Kerry Group in a research note on Thursday, July 30th. Finally, Citigroup upgraded Kerry Group from a “neutral” rating to a “buy” rating in a report on Friday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, Kerry Group presently has a consensus rating of “Buy”.
View Our Latest Stock Analysis on Kerry Group
Kerry Group Trading Up 4.2%
The company has a debt-to-equity ratio of 0.44, a current ratio of 1.77 and a quick ratio of 1.14. The business has a 50-day simple moving average of $98.52 and a 200-day simple moving average of $91.67.
Institutional Trading of Kerry Group
A hedge fund recently raised its stake in Kerry Group stock. Madison Asset Management LLC boosted its position in Kerry Group PLC (OTCMKTS:KRYAY – Free Report) by 0.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 quarter. 0.22% of the stock is currently owned by institutional investors.
Kerry Group Company Profile
Kerry Group plc is an Ireland-based food ingredients and consumer products company serving food, beverage and pharmaceutical manufacturers worldwide. Its ingredients business develops taste, nutrition and functional solutions used in products such as beverages, baked goods, dairy products, meat and meat alternatives, snacks and prepared foods.
The company also produces branded consumer foods, with a focus on markets including Ireland and the United Kingdom. Its product portfolio has included chilled and convenience foods, dairy products, meal solutions and other everyday food products.
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