Kerry Group (OTCMKTS:KRYAY) Reaches New 12-Month High – What’s Next?

Kerry Group PLC (OTCMKTS:KRYAY) shares reached a new 52-week high during trading on Friday . The stock traded as high as $99.0346 and last traded at $99.0346, with a volume of 4859 shares trading hands. The stock had previously closed at $96.80.

Analyst Ratings Changes

A number of research firms have issued reports on KRYAY. Citigroup reiterated a “neutral” rating on shares of Kerry Group in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Kerry Group in a report on Thursday, July 30th. Finally, Sanford C. Bernstein assumed coverage on Kerry Group in a research report on Wednesday, July 22nd. They set an “outperform” rating for the company. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Kerry Group Stock Up 1.7%

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 business’s 50-day moving average is $93.52 and its two-hundred day moving average 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 increased its stake in shares of Kerry Group PLC (OTCMKTS:KRYAY) by 0.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,751 shares of the company’s stock after acquiring 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 filing with the SEC. Institutional investors and hedge funds 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.