Kerry Group PLC Class A
KYGA: XLON (GBR)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|&.L^wK><y | LOCK|Fw#>> | LOCK|<<S#dQ^ |
Kerry: Investor Day Highlights Opportunities in Foodservice and Emerging Markets
During its US investor day, wide-moat Kerry showcased its science and innovation portfolio, solid business in North America—the largest region for the company—and the market penetration opportunity in foodservice and emerging markets. The group did not make any material updates to short-term guidance. It said that third-quarter results—which will be released on Oct. 24—should be in line with market expectations. We do not expect to materially change our fair value estimate. The shares are nearly fairly valued at current levels.
