Kerry Group (OTCMKTS:KRYAY) Sees Large Volume Increase – Still a Buy?

Kerry Group PLC (OTCMKTS:KRYAY) saw an uptick in trading volume on Monday. Approximately 161,118 shares traded 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.

Analysts Set New Price Targets

Several research analysts recently weighed in on KRYAY shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Kerry Group in a research report on Thursday, July 30th. Citigroup upgraded Kerry Group from a “neutral” rating to a “buy” rating in a research report on Friday, September 25th. The Goldman Sachs Group raised Kerry Group to a “strong-buy” rating in a research report on Thursday, August 20th. Finally, Sanford C. Bernstein started coverage on shares of Kerry Group in a research report on Wednesday, July 22nd. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Kerry Group Trading Down 1.3%

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

Institutional Trading of Kerry Group

An institutional investor recently raised its stake in Kerry Group stock. Madison Asset Management LLC lifted its holdings in shares of Kerry Group PLC (OTCMKTS:KRYAY) by 0.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,751 shares of the company’s stock after purchasing an additional 113 shares during the quarter. Madison Asset Management LLC’s holdings in Kerry Group were worth $2,922,000 as of its most recent filing with the SEC. 0.22% of the stock is owned by institutional investors.

About Kerry Group

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.