Ingredion Inc (INGR): Today's Featured Food & Beverage Laggard
(
) pushed the Food & Beverage industry lower today making it today's featured Food & Beverage laggard. The industry as a whole closed the day up 0.5%. By the end of trading, Ingredion fell $6.89 (-9.9%) to $62.57 on heavy volume. Throughout the day, 2,346,642 shares of Ingredion exchanged hands as compared to its average daily volume of 448,000 shares. The stock ranged in price between $62.35-$65.74 after having opened the day at $65.00 as compared to the previous trading day's close of $69.46. Other companies within the Food & Beverage industry that declined today were:
(
), down 4.9%,
(
), down 4.3%,
(
), down 3.9% and
(
), down 2.8%.
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 $5.4 billion and is part of the consumer goods sector. Shares are up 7.3% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Ingredion a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
Ingredion
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full Ingredion Ratings Report.
On the positive front,
(
), up 7.9%,
Green Mountain Coffee Roasters
(
), up 6.3%,
(
), up 5.5% and
(
), up 4.3% , were all gainers within the food & beverage industry with
Companhia de Bebidas das Americas Ambev
(
) being today's featured food & beverage industry leader.
- Use our food & beverage section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
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
(
) while those bearish on the food & beverage industry could consider
PowerShares DB Agriculture Sht ETN
(
ADZ
).
- Find other investment ideas from our top rated ETFs lists.
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