Kerry Group (OTCMKTS:KRYAY) Raised to “Strong-Buy” at The Goldman Sachs Group

Kerry Group (OTCMKTS:KRYAY) was upgraded by equities researchers at The Goldman Sachs Group to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

Other research analysts have also issued research reports about the company. Citigroup reiterated a “neutral” rating on shares of Kerry Group in a research report on Thursday, July 30th. Sanford C. Bernstein initiated coverage on shares of Kerry Group in a report on Wednesday, July 22nd. They issued an “outperform” rating for the company. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Kerry Group in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Kerry Group Price Performance

Shares of KRYAY opened at $98.38 on Thursday. Kerry Group has a 12 month low of $74.48 and a 12 month high of $99.03. The stock’s 50 day moving average is $93.74 and its two-hundred day moving average is $87.03. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.68 and a quick ratio of 1.10.

Institutional Investors Weigh In On Kerry Group

An institutional investor recently raised its stake in Kerry Group stock. Madison Asset Management LLC raised its position in shares of Kerry Group PLC (OTCMKTS:KRYAY) by 0.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,751 shares of the company’s stock after acquiring an additional 113 shares during the quarter. Madison Asset Management LLC’s holdings in Kerry Group were worth $2,922,000 as of its most recent SEC filing. Institutional investors own 0.22% of the company’s stock.

About Kerry Group

Kerry Group (OTCMKTS:KRYAY) is a global leader in taste and nutrition solutions for the food, beverage and pharmaceutical industries. The company develops, manufactures and supplies a broad portfolio of ingredients, flavors and integrated solutions designed to enhance taste, improve health and simplify production processes. Kerry’s offerings span across dairy-based ingredients, flavors, texturizers, enzymes, probiotics and nutritional premixes, serving both industrial customers and consumer food brands.

Through its Taste & Nutrition division, Kerry provides customized flavor systems, savory and sweet taste platforms, and nutritional ingredients for applications such as snacks, bakery, dairy, beverages and meat alternatives.