Kerry Group (LON:KYGA) Share Price Crosses Above 200 Day Moving Average – Should You 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 ($1.20) 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 traded.

Kerry Group Price Performance

The company has a 50-day moving average of GBX 97.03 and a 200 day moving average of GBX 93.34. The firm has a market cap of £15.98 billion, a P/E ratio of 25.50, a P/E/G 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.

Kerry Group Increases Dividend

The company also recently announced 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 represents a dividend yield of 0.95%. The ex-dividend date of this dividend is Thursday, April 10th. This is an increase from Kerry Group’s previous dividend of $0.38. Kerry Group’s payout ratio is currently 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.