Kerry Group (LON:KYGA) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Kerry Group plc (LON:KYGA) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 93.29 ($1.20) and traded as high as GBX 96.10 ($1.24). Kerry Group shares last traded at GBX 95.20 ($1.23), with a volume of 119,556 shares trading hands.

Kerry Group Trading Up 3.2 %

The company has a market cap of £15.98 billion, a price-to-earnings ratio of 25.50, a price-to-earnings-growth ratio of 1.71 and a beta of 0.57. The company has a debt-to-equity ratio of 38.59, a current ratio of 1.54 and a quick ratio of 0.74. The business has a 50 day simple moving average of GBX 97.03 and a 200 day simple moving average of GBX 93.34.

Kerry Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 9th. Shareholders of record on Thursday, April 10th will be issued a dividend of €0.89 ($0.97) per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a yield of 0.95%. This is a positive change from Kerry Group’s previous dividend of $0.38. Kerry Group’s dividend payout ratio is currently 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.