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 report issued on Thursday,Zacks.com reports.

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

Kerry Group Stock Up 1.6%

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 company has a debt-to-equity ratio of 0.42, a current ratio of 1.68 and a quick ratio of 1.10. The firm has a 50 day moving average of $93.74 and a two-hundred day moving average of $87.03.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Kerry Group stock. Madison Asset Management LLC grew its position in Kerry Group PLC (OTCMKTS:KRYAY) by 0.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,751 shares of the company’s stock after acquiring an additional 113 shares during the period. Madison Asset Management LLC’s holdings in Kerry Group were worth $2,922,000 at the end of the most recent quarter. 0.22% of the stock is owned by institutional investors and hedge funds.

Kerry Group Company Profile

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.