Kerry Group PLC (OTCMKTS:KRYAY – Get Free Report) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $99.0346 and last traded at $99.0346, with a volume of 4859 shares traded. The stock had previously closed at $96.80.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on KRYAY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Kerry Group in a research note on Thursday, July 30th. Citigroup reissued a “neutral” rating on shares of Kerry Group in a report on Thursday, July 30th. Finally, Sanford C. Bernstein began coverage on Kerry Group in a report on Wednesday, July 22nd. They issued an “outperform” rating on the stock. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.
Check Out Our Latest Research Report on Kerry Group
Kerry Group Trading Up 1.7%
Institutional Inflows and Outflows
An institutional investor recently raised its position in Kerry Group stock. Madison Asset Management LLC lifted its holdings in Kerry Group PLC (OTCMKTS:KRYAY – Free Report) by 0.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 31,751 shares of the company’s stock after purchasing an additional 113 shares during the quarter. Madison Asset Management LLC’s holdings in Kerry Group were worth $2,922,000 as of its most recent SEC filing. 0.22% of the stock is owned by institutional investors.
Kerry Group Company Profile
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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