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.
) pushed the Food & Beverage industry higher today making it today's featured food & beverage winner. The industry as a whole closed the day up 0.6%. By the end of trading, Ingredion rose $2.49 (3.9%) to $67.20 on heavy volume. Throughout the day, 1,141,422 shares of Ingredion exchanged hands as compared to its average daily volume of 496,000 shares. The stock ranged in a price between $64.69-$67.41 after having opened the day at $64.74 as compared to the previous trading day's close of $64.71. Other companies within the Food & Beverage industry that increased today were:
), up 11.6%,
), up 7.4%,
), up 6.5% and
), up 6.4%.
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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. Shares are up 0.4% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Ingredion a buy, no analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full Ingredion Ratings Report.
On the negative front,
), down 3.6%,
), down 3.6%,
), down 3.3% and
), down 2.7% , were all laggards within the food & beverage industry with
) being today's food & beverage industry laggard.
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