Kerry Group plc ( (GB:KYGA) ) has provided an update.
Kerry Group plc announced the purchase and subsequent cancellation of 11,105 of its A ordinary shares on Euronext Dublin as part of its ongoing €300 million share buyback program, which is set to continue until June 2025. This strategic move aims to optimize the company’s capital structure and potentially enhance shareholder value, reflecting Kerry’s commitment to returning capital to shareholders and maintaining a robust financial position.
More about Kerry Group plc
Kerry Group plc operates in the food industry, specializing in taste and nutrition solutions for the food, beverage, and pharmaceutical markets. The company focuses on providing innovative solutions to enhance the taste and nutritional value of products, catering to a global market.
YTD Price Performance: 8.25%
Average Trading Volume: 56,918
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €16.78B
For an in-depth examination of KYGA stock, go to TipRanks’ Stock Analysis page.