Kerry Group (LON:KYGA) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Kerry Group plc (LON:KYGA) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 93.79 ($1.24) and traded as low as GBX 91.38 ($1.21). Kerry Group shares last traded at GBX 92.90 ($1.23), with a volume of 6,685 shares.

Kerry Group Stock Up 1.0 %

The firm has a market capitalization of £15.40 billion, a P/E ratio of 24.57, a PEG ratio of 1.71 and a beta of 0.57. The company has a debt-to-equity ratio of 38.59, a quick ratio of 0.74 and a current ratio of 1.54. The stock has a 50 day moving average of GBX 96.33 and a 200-day moving average of GBX 93.79.

Kerry Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 9th. Stockholders of record on Thursday, April 10th will be given a €0.89 ($1.00) dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a dividend yield of 0.95%. This is a positive change from Kerry Group’s previous dividend of $0.38. Kerry Group’s 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.