|Bid||108.25 x 20000|
|Ask||109.25 x 20000|
|Day's range||108.45 - 108.45|
|52-week range||99.35 - 124.30|
|Beta (5Y monthly)||0.40|
|PE ratio (TTM)||34.70|
|Forward dividend & yield||0.86 (0.81%)|
|Ex-dividend date||15 Apr 2021|
|1y target est||N/A|
Irish ingredients giant Kerry said on Monday it will buy preservatives maker Niacet Corp for 853 million euros ($1.01 billion), investing the proceeds of the sale of its consumer foods operations in its core business. Kerry last week said it would sell its British and Irish Consumer Foods' Meats and Meals business, whose brands include Richmond, Denny and Galtee, to U.S. poultry producer Pilgrim's Pride Corp for 819 million euros. Niacet creates preservation technologies for use in bakery, meat and pharmaceuticals, and low-sodium preservatives for meat and plant-based food.
Irish food and ingredients company Kerry is undertaking a strategic review of its dairy business in Britain and Ireland, which may lead to a transaction in the coming months, Chief Executive Edmond Scanlon said on Tuesday. Scanlon was speaking after Kerry published 2020 results, which saw COVID-19 related disruption help push revenue down 4% to 6.95 billion euros ($8.44 billion) and trading profit down 11.7% to 797.2 million euros. The review would consider dairy production and consumer food assets with an annual revenue of around 900 million euros, Scanlon said in an interview.