Kerry Group PLC (OTCMKTS:KRYAY – Get Free Report) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 27,757 shares, a growth of 337.9% from the September 30th total of 6,338 shares. Based on an average daily trading volume, of 25,277 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.0% of the shares of the company are sold short.
Analyst Upgrades and Downgrades
KRYAY has been the subject of a number of research reports. Sanford C. Bernstein began coverage on shares of Kerry Group in a report on Wednesday, July 22nd. They issued an “outperform” rating for the company. Citigroup upgraded Kerry Group from a “neutral” rating to a “buy” rating in a research note on Friday, September 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Kerry Group in a report on Thursday, July 30th. Finally, The Goldman Sachs Group upgraded shares of Kerry Group to a “strong-buy” rating in a research report on Thursday, August 20th. One 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, Kerry Group currently has a consensus rating of “Buy”.
View Our Latest Research Report on Kerry Group
Institutional Inflows and Outflows
An institutional investor recently raised its position in Kerry Group stock. Madison Asset Management LLC increased its stake 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 quarter. 0.22% of the stock is currently owned by institutional investors.
Kerry Group Stock Performance
Shares of KRYAY opened at $109.95 on Wednesday. Kerry Group has a fifty-two week low of $74.48 and a fifty-two week high of $112.87. The firm’s 50-day simple moving average is $99.69 and its two-hundred day simple moving average is $89.96.
About Kerry Group
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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