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Kerry Group plc ( (GB:KYGA) ) has provided an update.
Kerry Group plc announced the purchase of 24,500 of its A ordinary shares on Euronext Dublin, which will be cancelled as part of its share buyback program. This initiative, aimed at repurchasing shares worth up to €300 million by June 2025, reflects Kerry’s strategy to optimize shareholder value and enhance its financial position, potentially impacting its market standing and investor relations positively.
More about Kerry Group plc
Kerry Group plc is a global leader in the food and beverage industry, known for its portfolio of taste and nutrition solutions. The company primarily focuses on providing integrated solutions to help food and beverage manufacturers improve their products’ taste, nutrition, and functionality. Kerry Group serves a diverse range of industries, including foodservice, retail, and consumer markets worldwide.
YTD Price Performance: 1.76%
Average Trading Volume: 48,063
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €15.55B
See more insights into KYGA stock on TipRanks’ Stock Analysis page.
