Kerry Group (OTCMKTS:KRYAY) Sees Large Volume Increase - Should You Buy?

Key Points

• Shares of Kerry Group PLC experienced a significant volume increase of 157%, with 33,095 shares traded compared to the previous day's 12,861 shares.
• The stock is currently rated as a "Buy" by analysts, with one rating it as a Strong Buy, and it has an average rating of "Buy" according to MarketBeat.com.
• Kerry Group also announced a dividend of $0.4656 per share, with the ex-dividend date set for October 10th, offering a notable dividend yield of 159.0%.

Shares of Kerry Group PLC (OTCMKTS:KRYAY - Get Free Report) saw strong trading volume on Monday . 33,095 shares were traded during trading, an increase of 157% from the previous session's volume of 12,861 shares.The stock last traded at $91.84 and had previously closed at $91.01.

Analysts Set New Price Targets

A number of brokerages have issued reports on KRYAY. UBS Group restated a "neutral" rating on shares of Kerry Group in a research report on Thursday, September 25th. Jefferies Financial Group reiterated a "buy" rating on shares of Kerry Group in a research note on Friday, September 12th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Kerry Group in a research note on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy".

Kerry Group Trading Up 0.7%

The company has a current ratio of 1.37, a quick ratio of 0.99 and a debt-to-equity ratio of 0.42. The company's 50-day moving average is $91.24 and its 200-day moving average is $100.87.

Kerry Group Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, October 13th will be issued a dividend of $0.4656 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a dividend yield of 159.0%.

Kerry Group Company Profile

Kerry Group plc, together with its subsidiaries, provides taste and nutrition solutions. The company operates in two segments, Taste & Nutrition, and Dairy Ireland. The Taste & Nutrition segment offers taste and nutrition solutions for the food, beverage, and pharmaceutical markets. The Dairy Ireland segment provides value-add dairy ingredients and consumer products, including functional proteins and nutritional bases.

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