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    KRZ   IE0004906560

KERRY GROUP PLC

(KRZ)
  Report
Real-time Quote. Real-time Irish Stock Exchange - 12/08 11:30:07 am
110.75 EUR   +1.93%
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Bringing home the bacon: Pilgrim's starts trading after Kerry purchase

09/29/2021 | 01:21am EST

PILGRIM's Food Masters, which was created following the £703m acquisition of Kerry Group's consumer foods' meats and meals division, which owns Richmond and Wall's sausage brands and Fridge Raiders snacks, in June, has started trading.

Kerry Group agreed to sell its meats and meals business in the UK and Ireland, which manufactures food-to-go and meatfree products, to American corporate Pilgrim's Pride for €819m (£707m).

Pilgrim's Food Masters is the new name which the group will trade under since completing the deal. Chief executive Nick Robinson will continue to head up the newly formed food group, which employs around 4,500 people across the United Kingdom and Ireland.

"This is the start of an exciting new chapter in our history as we join the Pilgrim's family and we're feeling confident and ambitious about what the future holds," said Robinson in a statement.

In a statement, the chilled food products business said its headquarters would remain in the UK.

"We're delighted to welcome new colleagues into the Pilgrim's family who share our values and are passionate about sustainable growth," added Fabio Sandri, Pilgrim's chief executive.

(c) 2021 City A.M., source Newspaper

Stocks mentioned in the article
ChangeLast1st jan.
KERRY GROUP PLC 1.93% 110.75 Real-time Quote.-8.31%
PILGRIM'S PRIDE CORPORATION 0.50% 28.02 Delayed Quote.42.53%
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Analyst Recommendations on KERRY GROUP PLC
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Financials
Sales 2021 7 243 M 8 215 M 8 215 M
Net income 2021 643 M 730 M 730 M
Net Debt 2021 1 767 M 2 004 M 2 004 M
P/E ratio 2021 30,0x
Yield 2021 0,85%
Capitalization 19 586 M 22 198 M 22 215 M
EV / Sales 2021 2,95x
EV / Sales 2022 2,88x
Nbr of Employees 26 000
Free-Float 88,2%
Chart KERRY GROUP PLC
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Kerry Group plc Technical Analysis Chart | KRZ | IE0004906560 | MarketScreener
Technical analysis trends KERRY GROUP PLC
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 13
Last Close Price 110,75 €
Average target price 135,05 €
Spread / Average Target 21,9%
EPS Revisions
Managers and Directors
Edmond Scanlon Chief Executive Officer & Executive Director
Gerry Behan Global President & Executive Director
Marguerite Larkin Chief Financial Officer & Executive Director
Philip Toomey Chairman
Brenda L'Estrange Global Chief Information & Process Officer
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