Foods

Cut the bull: a ready-made opportunity for the Ingredients sector

  • Sectors : Foods
  • Companies : DSM | Danone | Symrise | Kerry Group | Givaudan

Ratings

Ratings and price correct at time of issue

Company Rating Date Previous Rating Date Closing Price
Danone OUTPERFORM 18/06/19 Neutral 09/02/17 7492c
DSM OUTPERFORM 11/02/15 Neutral 16/07/14 11670c
Givaudan NEUTRAL 21/06/12 N/A N/A 288700chf
Kerry Group OUTPERFORM 30/06/09 N/A N/A 11790c
Symrise NEUTRAL 15/01/19 Outperform 21/06/12 8624c

DAVY VIEW

The innovation floodgates have opened on the meat-alternative space – akin to a fast-moving arms race. As the market prepares for second generation innovations, this movement has permanency and depth. Consumers are driving the change. Our preference is to align with the solutions providers (a ‘pick-and-shovel’ investment strategy) – Kerry Group, with its broadening technology toolkit and integrated mindset, is best placed.

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Nov 20 2019, 06:30 GMT

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