INGR Stock Recent News

Plant-based food stocks are coming back into fashion. A few years ago, the hype around the emerging sector was much higher.

WESTCHESTER, Ill., Oct. 17, 2023 (GLOBE NEWSWIRE) -- Ingredion Incorporated (NYSE: INGR), a leading global provider of ingredient solutions to the food manufacturing industry, will release its third quarter 2023 financial results for the period ended September 30, 2023, before the market opens on Tuesday, November 7, 2023.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Ingredion's sales volumes have been declining at a double-digit pace. The company hopes that customers will return to pre-pandemic purchasing behavior, but this may not hold in a slowing economy. The stock has underperformed due to slowing growth, and investors may need to wait for a higher yield before buying.

Here is how Ingredion (INGR) and PepsiCo (PEP) have performed compared to their sector so far this year.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

The Fed has hinted at more rate hikes, which can again unsettle markets. Given this situation, investing in defensive stocks like PNM Resources (PNM), Entergy Corporation (ETR), J&J Snack Foods (JJSF), PepsiCo (PEP) and Ingredion (INGR) is a safe bet.

Grocery sales are projected to continue growing in the near term, helping stocks like Lifeway Foods, Inc. (LWAY), J&J Snack Foods Corp. (JJSF), Ingredion Incorporated (INGR) and Post Holdings, Inc. (POST).

Ingredion Incorporated (NYSE:INGR ) Q2 2023 Earnings Conference Call August 8, 2023 9:00 AM ET Company Participants Noah Weiss - Vice President, Investor Relations Jim Zallie - President and Chief Executive Officer Jim Gray - Executive Vice President and Chief Financial Officer Conference Call Participants Ben Bienvenu - Stephens Inc Andrew Strelzik - BMO Capital Markets Cody Ross - UBS Ben Theurer - Barclays Operator Good day and thank you for standing by. Welcome to the Ingredion Second Quarter 2023 Earnings Call.

Consumers have cut down on spending over the past year as rising commodity prices have been pinching their pockets.