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

Kerry Group plc (LON:KYGA)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 changing hands.

Kerry Group Stock Performance

The company has a market cap of £15.78 billion, a PE ratio of 25.18, a PEG 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 moving average of GBX 97 and a 200 day moving average of GBX 93.29.

Kerry Group Increases Dividend

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