Kerry Group (OTCMKTS:KRYAY) Sees Unusually-High Trading Volume - Should You Buy?

Key Points

• Kerry Group’s trading volume surged 532% to approximately 161,118 shares, while the stock fell 1.3% to $111.10 from its previous close of $112.39.
• Analyst sentiment is positive: Deutsche Bank maintained a “Buy” rating, Goldman Sachs upgraded the stock to “Strong Buy,” Citigroup upgraded it to “Buy,” and Bernstein initiated coverage with an “Outperform” rating.
• Institutional ownership remains limited at 0.22%, although Madison Asset Management slightly increased its stake. Kerry Group operates in food ingredients and branded consumer foods across global markets.

Kerry Group PLC (OTCMKTS:KRYAY - Get Free Report) saw an uptick in trading volume on Monday. Approximately 161,118 shares changed hands during mid-day trading, an increase of 532% from the previous session's volume of 25,497 shares. The stock last traded at $111.10 and had previously closed at $112.39.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Kerry Group in a research report on Thursday, July 30th. The Goldman Sachs Group raised Kerry Group to a "strong-buy" rating in a research note on Thursday, August 20th. Citigroup upgraded Kerry Group from a "neutral" rating to a "buy" rating in a research report on Friday, September 25th. Finally, Sanford C. Bernstein initiated coverage on shares of Kerry Group in a report on Wednesday, July 22nd. They issued an "outperform" rating for the company. One research 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 presently has an average rating of "Buy".

Kerry Group Stock Down 1.3%

The stock's fifty day moving average price is $99.12 and its 200-day moving average price is $92.14. The company has a current ratio of 1.77, a quick ratio of 1.14 and a debt-to-equity ratio of 0.44.

Institutional Trading of Kerry Group

A hedge fund recently raised its position in Kerry Group stock. Madison Asset Management LLC raised its stake in Kerry Group PLC (OTCMKTS:KRYAY - Free Report) by 0.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,751 shares of the company's stock after buying 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 owned by institutional investors and hedge funds.

Kerry Group Company Profile

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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