Glanbia (GLAPY) Lowered to “Hold” at Zacks Investment Research

Zacks Investment Research lowered shares of Glanbia (OTCMKTS:GLAPY) from a buy rating to a hold rating in a report released on Wednesday.

According to Zacks, “Glanbia Plc engages in the manufacture and distribution of dairy and nutritional food products. Its operating segments include Glanbia Performance Nutrition, Global Ingredients, Dairy Ireland and Joint Ventures and Associates. Glanbia Performance Nutrition segment comprises of performance nutrition products under the Optimum Nutrition, BSN, Isopure, Nutramino and ABB brands. Global Ingredients segment includes American-style cheddar cheese, micro-nutrient premixes and dairy and non-dairy nutritional solutions. Dairy Ireland segment consists of consumer products and agribusiness. Joint Ventures and Associates segment covers Glanbia Ingredients Ireland, Glanbia Cheese and Southwest Cheese. Glanbia Plc is headquartered in Kilkenny, Ireland. “

Shares of OTCMKTS:GLAPY opened at $88.12 on Wednesday. Glanbia has a 12 month low of $80.23 and a 12 month high of $98.16.

The company also recently disclosed a Semi-Annual dividend, which was paid on Monday, October 15th. Investors of record on Friday, August 24th were paid a dividend of $0.531 per share. The ex-dividend date of this dividend was Thursday, August 23rd. Glanbia’s dividend payout ratio is currently 21.23%.

Glanbia Company Profile

Glanbia plc operates as a nutrition company worldwide. It operates through three segments: Glanbia Performance Nutrition, Glanbia Nutritionals, and Glanbia Ireland Joint Venture. The Glanbia Performance Nutrition segment offers powders, bars and snacking food, and ready-to-drink beverages through various channels, including specialty retail, the Internet, and gyms, as well as food, drug, mass, and club channels.

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