Kerry Group (LON:KYGA) Stock Passes Above 200-Day Moving Average – Time to Sell?

Kerry Group plc (LON:KYGA) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 93.29 ($1.21) and traded as high as GBX 96.10 ($1.25). Kerry Group shares last traded at GBX 95.20 ($1.24), with a volume of 119,556 shares traded.

Kerry Group Stock Performance

The stock has a market cap of £15.78 billion, a P/E ratio of 25.18, a price-to-earnings-growth ratio of 1.71 and a beta of 0.57. The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 38.59. The business has a 50 day moving average price of GBX 97 and a two-hundred day moving average price of GBX 93.29.

Kerry Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 9th. Stockholders of record on Thursday, April 10th will be paid a €0.89 ($0.97) dividend. This is a positive change from Kerry Group’s previous dividend of $0.38. The ex-dividend date is Thursday, April 10th. This represents a dividend yield of 0.95%. Kerry Group’s dividend payout ratio is 3,147.52%.

About Kerry Group

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.