Kerry Group (OTCMKTS:KRYAY) Upgraded to Strong-Buy at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Kerry Group (OTCMKTS:KRYAY) to a strong-buy rating in a research note released on Thursday,Zacks.com reports.

KRYAY has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” 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 research note on Wednesday, July 22nd. They issued an “outperform” rating for the company. Finally, Citigroup reiterated 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 issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Kerry Group Stock Up 1.6%

KRYAY opened at $98.38 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.10 and a current ratio of 1.68. The stock’s fifty day moving average is $93.74 and its two-hundred day moving average is $87.03. Kerry Group has a 52 week low of $74.48 and a 52 week high of $99.03.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Kerry Group stock. Madison Asset Management LLC boosted 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 & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission. 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.