INGR Stock Recent News

TOWN, INGR and SJW made it to the Zacks Rank #1 (Strong Buy) income stocks list on February 5, 2023.

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

ISNPY, TGT and INGR made it to the Zacks Rank #1 (Strong Buy) income stocks list on January 22, 2023.

Ingredion Incorporated is a food ingredient company that produces a variety of food additives and sweeteners using plant products. The company's revenue growth has been slow, averaging about 2% per year over the past 10 years and profits rose a bit faster due to efficiency gains in its operations. Ingredion has a strong history of steady dividend hikes and offers a decent yield of close to 3%, which is well-covered and sustainable.

WESTCHESTER, Ill., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Ingredion Incorporated (NYSE: INGR), a leading global provider of ingredient solutions to the food manufacturing industry, will release its 2023 fourth quarter and year-end financial results for the period ended Dec. 31, 2023, before the market opens on Tuesday, Feb. 6, 2024.

Ingredion has shown strong revenue growth but a slight contraction in margin driven by rising inflation. Falling corn prices and decelerating destocking are expected to support margin expansion and volume recovery, leading to a positive growth outlook for 2023. INGR outperforms its competitors in terms of forward revenue growth and net income margin, making it a buy case.

The Zacks Food-Miscellaneous industry companies have been benefiting from effective pricing and brand-building strategies amid hurdles like cost inflation. Mondelez International (MDLZ), The Kraft Heinz Company (KHC), Sysco Corporation (SYY) and Ingredion Incorporated (INGR) look well-positioned.

While the idea of plant-based food may not seem appetizing, its potential profits could be.  In fact, by 2027, according to Research and Markets, the global plant-based food market could grow to about $75 billion by 2028 from $41.06 billion in 2022.

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.

Investing in vegan stocks hasn't been an easy decision. Much like cannabis stocks and, to a lesser extent, electric vehicle stocks, investing in a future that seems certain can be elusive.