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Ingredion Inc (INGR): Today's Featured Food & Beverage Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Ingredion ( INGR) pushed the Food & Beverage industry lower today making it today's featured Food & Beverage laggard. The industry as a whole closed the day down 0.7%. By the end of trading, Ingredion fell $0.88 (-1.4%) to $63.43 on light volume. Throughout the day, 449,930 shares of Ingredion exchanged hands as compared to its average daily volume of 658,000 shares. The stock ranged in price between $63.14-$64.45 after having opened the day at $64.27 as compared to the previous trading day's close of $64.31. Other companies within the Food & Beverage industry that declined today were: SkyPeople Fruit Juice ( SPU), down 9.0%, Origin Agritech ( SEED), down 8.8%, Reeds ( REED), down 8.1% and Farmer Bros ( FARM), down 6.3%.

Ingredion Incorporated, together with its subsidiaries, manufactures and sells starch and sweetener ingredients in North America, South America, the Asia Pacific, Europe, the Middle East, and Africa. Ingredion has a market cap of $5.1 billion and is part of the consumer goods sector. The company has a P/E ratio of 12.9, below the S&P 500 P/E ratio of 17.7. Shares are down 6.1% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate Ingredion a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Ingredion as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Truett-Hurst Inc Class A ( THST), up 6.1%, Crumbs Bake Shop ( CRMB), up 5.4%, Inventure Foods ( SNAK), up 3.5% and Leading Brands ( LBIX), up 2.5% , were all gainers within the food & beverage industry with SodaStream International ( SODA) being today's featured food & beverage industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the food & beverage industry could consider PowerShares Dynamic Food & Beverage ( PBJ) while those bearish on the food & beverage industry could consider PowerShares DB Agriculture Sht ETN ( ADZ).

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