Kerry Group (LON:KYGA) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Kerry Group plc (LON:KYGA)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 93.49 ($1.21) and traded as high as GBX 95.90 ($1.24). Kerry Group shares last traded at GBX 95.75 ($1.24), with a volume of 3,276 shares.

Kerry Group Stock Performance

The stock has a market cap of £15.87 billion, a price-to-earnings ratio of 25.33, a price-to-earnings-growth ratio of 1.71 and a beta of 0.57. The company’s 50-day simple moving average is GBX 97.29 and its 200-day simple moving average is GBX 93.49. The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 38.59.

Kerry Group Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, May 9th. Investors of record on Thursday, April 10th will be issued a €0.89 ($0.96) dividend. This represents a dividend yield of 0.95%. This is a boost from Kerry Group’s previous dividend of $0.38. The ex-dividend date of this dividend is Thursday, April 10th. Kerry Group’s payout ratio is presently 3,147.52%.

Kerry Group Company Profile

Kerry Group plc, together with its subsidiaries, provides taste and nutrition solutions. The company operates in two segments, Taste & Nutrition, and Dairy Ireland. The Taste & Nutrition segment offers taste and nutrition solutions for the food, beverage, and pharmaceutical markets. The Dairy Ireland segment provides value-add dairy ingredients and consumer products, including functional proteins and nutritional bases.