Kerry Group (OTCMKTS:KRYAY) Hits New 1-Year High – What’s Next?

Shares of Kerry Group PLC (OTCMKTS:KRYAY) hit a new 52-week high during trading on Wednesday. The stock traded as high as $113.26 and last traded at $113.26, with a volume of 2,846 shares traded. The stock had previously closed at $110.37.

Wall Street Analyst Weigh In

KRYAY has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Kerry Group in a research report on Thursday, July 30th. Citigroup raised shares of Kerry Group from a “neutral” rating to a “buy” rating in a research note on Friday, September 25th. Sanford C. Bernstein began coverage on shares of Kerry Group in a report on Wednesday, July 22nd. They set an “outperform” rating on the stock. Finally, The Goldman Sachs Group raised shares of Kerry Group to a “strong-buy” rating in a research report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. Based on data from MarketBeat, Kerry Group presently has a consensus rating of “Buy”.

Kerry Group Price Performance

The company has a fifty day moving average of $100.89 and a two-hundred day moving average of $90.53. The company has a quick ratio of 1.14, a current ratio of 1.77 and a debt-to-equity ratio of 0.44.

Hedge Funds Weigh In On Kerry Group

An institutional investor recently raised its stake in Kerry Group stock. Madison Asset Management LLC raised its stake in Kerry Group PLC (OTCMKTS:KRYAY) by 0.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. 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 filing with the SEC. Institutional investors own 0.22% of the company’s stock.

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.