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

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

Several other research analysts also recently issued reports on the stock. Sanford C. Bernstein began coverage on shares of Kerry Group in a report on Wednesday, July 22nd. They set an “outperform” rating on the stock. Citigroup reiterated a “neutral” rating on shares of Kerry Group in a research note on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reissued 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 issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Kerry Group Stock Up 1.6%

OTCMKTS:KRYAY opened at $98.38 on Thursday. Kerry Group has a one year low of $74.48 and a one year high of $99.03. The company has a fifty day moving average price of $93.74 and a 200 day moving average price of $87.03. The company has a current ratio of 1.68, a quick ratio of 1.10 and a debt-to-equity ratio of 0.42.

Institutional Investors Weigh In On Kerry Group

An institutional investor recently raised its position in Kerry Group stock. Madison Asset Management LLC grew its holdings in Kerry Group PLC (OTCMKTS:KRYAY) by 0.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,751 shares of the company’s stock after buying 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 filing with the SEC. Institutional investors and hedge funds 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.