Kerry Group PLC (NASDAQ:KRYAY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday.

According to Zacks, “Kerry Group plc provides food ingredients and flavors for the food and beverage industries. Its culinary, dairy, lipid, meat, cereal, sweet and beverage systems and flavors provide product solutions to food manufacturers and foodservice companies. It offers savory ingredients, sweet ingredients, food coating systems, nutritional systems, and specialty protein applications. It also provides prepared meals, soups sauces and dressings, savory snacks, meats, appetizers and side dishes, and dairy products, as well as cereals and bars, ice cream and frozen desserts, bakery products, and confectionery products. In addition, it provides beverage systems and flavors, including soft drinks, alcoholic and nutritional beverages, and tea and coffee products comprising cold/iced tea, cold coffee drinks, hot coffee and tea, tea and coffee mixes, chocolate, cocoa and malt beverages, coffee syrups, and cleaners. Kerry Group plc is headquartered in Tralee, Ireland. “

Shares of Kerry Group PLC (KRYAY) remained flat at $86.93 during midday trading on Thursday. The stock had a trading volume of 50 shares. Kerry Group PLC has a 1-year low of $66.21 and a 1-year high of $91.96. The company has a market capitalization of $15.30 billion and a price-to-earnings ratio of 25.16. The company has a 50-day moving average of $88.87 and a 200-day moving average of $80.10.

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Kerry Group PLC Company Profile

Kerry Group plc is a provider of taste and nutrition solutions. The Company serves the food, beverage and pharmaceutical industries, and is a supplier of branded and customer branded foods to the Irish, the United Kingdom and selected international markets. The Company operates through two segments: Taste & Nutrition, and Consumer Foods.

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