Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Strauss Gains as Citi Says Buy on Coffee, Dips: Tel Aviv Mover

Strauss Group Ltd. rose to a record high after Citigroup Inc. started coverage of the Israeli food and beverage maker with a buy rating on bets sales of its coffee and salads will grow.

Strauss added 4.4 percent to 64.38 shekels at the close in Tel Aviv, the highest level since Bloomberg began tracking the data. Shares of the Petach Tikvah, Israel-based company have gained 32 percent this year. The benchmark TA-25 Index rose 0.4 percent, taking this week’s advance to 1.7 percent.

The company’s leading position in the emerging-market coffee business and its fast-growing dips and salad product line in the U.S. and Canada are “a potent blend,” Citigroup analyst Michael Klahr said today in an e-mailed note. “We think the stock can re-rate further as both businesses continue to grow and increase their share of earnings before interest and taxes from 57 percent currently.”

Marches that drew thousands of protesters into the streets of Tel Aviv in 2011 led the company to cut the prices on some of its products and to target overseas markets, including Latin America and Europe. Strauss sells hummus dips and spreads in Mexico through a $10 million venture with PepsiCo Inc.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.