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

Kerry Group PLC (OTCMKTS:KRYAY)’s share price reached a new 52-week high on Tuesday. The stock traded as high as $101.83 and last traded at $101.83, with a volume of 147 shares changing hands. The stock had previously closed at $99.83.

Wall Street Analyst Weigh In

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

Kerry Group Stock Performance

The stock’s 50 day moving average is $97.31 and its two-hundred day moving average is $90.37.

Institutional Investors Weigh In On Kerry Group

An institutional investor recently raised its position in Kerry Group stock. Madison Asset Management LLC lifted its holdings in shares of Kerry Group PLC (OTCMKTS:KRYAY) by 0.4% in the 2nd quarter, according to its most recent Form 13F 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 quarter. 0.22% of the stock is currently owned by institutional investors and hedge funds.

Kerry Group Company Profile

Kerry Group plc is an Ireland-based food and beverage company that develops taste, nutrition and functional ingredient solutions for manufacturers across the food, beverage and pharmaceutical industries. Its portfolio includes flavors, seasonings, food protection systems, plant-based ingredients, nutritional solutions, enzymes and other technologies designed to improve the taste, texture, nutrition, shelf life and production efficiency of consumer products.

The company serves customers in categories including beverages, dairy, meat and meat alternatives, bakery, snacks, prepared foods and nutrition.