Kerry Group PLC (OTCMKTS:KRYAY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Kerry Group PLC (OTCMKTS:KRYAY) has earned an average rating of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company.

A number of equities research analysts recently commented on KRYAY shares. Citigroup reiterated a “neutral” rating on shares of Kerry Group in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Kerry Group in a research note on Thursday, July 30th. The Goldman Sachs Group upgraded shares of Kerry Group to a “strong-buy” rating in a report on Thursday, August 20th. Finally, Sanford C. Bernstein began coverage on shares of Kerry Group in a report on Wednesday, July 22nd. They issued an “outperform” rating on the stock.

Kerry Group Stock Performance

Shares of Kerry Group stock opened at $97.28 on Thursday. The firm has a fifty day moving average of $96.18 and a two-hundred 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 52 week low of $74.48 and a 52 week high of $100.38.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Kerry Group stock. Madison Asset Management LLC grew its holdings in Kerry Group PLC (OTCMKTS:KRYAY) by 0.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,751 shares of the company’s stock after acquiring 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 reporting period. 0.22% of the stock is owned by institutional investors.

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.