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

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 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: Castle Brands Incorporated ( ROX), down 4.9%, Alico ( ALCO), down 4.3%, Primo Water ( PRMW), down 3.9% and Omega Protein Corporation ( OME), 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 buy. 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.

On the positive front, Origin Agritech ( SEED), up 7.9%, Green Mountain Coffee Roasters ( GMCR), up 6.3%, Willamette Valley Vineyards ( WVVI), up 5.5% and Concha y Toro Winery ( VCO), up 4.3% , were all gainers within the food & beverage industry with Companhia de Bebidas das Americas Ambev ( ABV) 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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