Kerry Group PLC (OTCMKTS:KRYAY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Kerry Group PLC (OTCMKTS:KRYAY) have received a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company.

Several brokerages have commented on KRYAY. 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 reiterated a “neutral” rating on shares of Kerry Group in a report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Kerry Group in a research note on Thursday, July 30th.

Kerry Group Stock Performance

Shares of KRYAY opened at $96.80 on Friday. Kerry Group has a 1-year low of $74.48 and a 1-year high of $98.58. The company has a quick ratio of 1.10, a current ratio of 1.68 and a debt-to-equity ratio of 0.42. The firm’s 50-day moving average price is $93.52 and its 200-day moving average price is $86.95.

Hedge Funds Weigh In On Kerry Group

A hedge fund recently raised its position in Kerry Group stock. Madison Asset Management LLC grew its holdings in shares of Kerry Group PLC (OTCMKTS:KRYAY) by 0.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,751 shares of the company’s stock after buying an additional 113 shares during the period. Madison Asset Management LLC’s holdings in Kerry Group were worth $2,922,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 0.22% of the company’s stock.

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.