Kerry Group PLC (OTCMKTS:KRYAY) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analysts hold a “Moderate Buy” consensus on Kerry Group, with three buy ratings, one strong-buy rating, and two hold ratings among six covering brokerages.
• Kerry Group shares opened at $97.28, near their 52-week high of $100.38, while trading above both their 50-day and 200-day moving averages.
• Madison Asset Management increased its Kerry Group stake by 0.4% in the second quarter, though institutional investors and hedge funds collectively own just 0.22% of the company.

Shares of Kerry Group PLC (OTCMKTS:KRYAY - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the six brokerages that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company.

KRYAY has been the subject of a number of research reports. The Goldman Sachs Group upgraded Kerry Group to a "strong-buy" rating in a research note on Thursday, August 20th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Kerry Group in a report on Thursday, July 30th. Citigroup restated a "neutral" rating on shares of Kerry Group in a research report on Thursday, July 30th. Finally, Sanford C. Bernstein assumed coverage on shares of Kerry Group in a research note on Wednesday, July 22nd. They issued an "outperform" rating for the company.

Kerry Group Stock Performance

OTCMKTS:KRYAY opened at $97.28 on Thursday. The firm has a 50 day moving average of $96.18 and a 200-day moving average of $87.77. The company has a current ratio of 1.68, a quick ratio of 1.10 and a debt-to-equity ratio of 0.42. Kerry Group has a 1 year low of $74.48 and a 1 year high of $100.38.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Kerry Group stock. Madison Asset Management LLC grew its position in Kerry Group PLC (OTCMKTS:KRYAY - Free Report) by 0.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm 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 at the end of the most recent reporting period. Institutional investors and hedge funds own 0.22% of the company's stock.

About Kerry Group

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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