Ingredion Inc (INGR): Today's Featured Consumer Goods 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 Consumer Goods sector lower today making it today's featured Consumer Goods laggard. The sector as a whole closed the day up 0.9%. By the end of trading, Ingredion fell $1.74 (-2.7%) to $61.93 on average volume. Throughout the day, 774,873 shares of Ingredion exchanged hands as compared to its average daily volume of 661,200 shares. The stock ranged in price between $61.18-$63.82 after having opened the day at $63.76 as compared to the previous trading day's close of $63.67. Other companies within the Consumer Goods sector that declined today were: Tianli Agritech ( OINK), down 9.7%, Verso Paper ( VRS), down 9.4%, Kid Brands ( KID), down 5.8% and Nova Lifestyle ( NVFY), down 5.4%.

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 $4.5 billion and is part of the food & beverage industry. Shares are down 7.0% year to date as of the close of trading on Thursday. Currently there are 2 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, Tofutti Brands ( TOF), up 14.5%, Swisher Hygiene ( SWSH), up 10.5%, Synutra International ( SYUT), up 9.8% and Universal Corporation ( UVV), up 7.7% , were all gainers within the consumer goods sector with VF Corporation ( VFC) being today's featured consumer goods sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer goods sector could consider iShares Dow Jones US Cons Goods ( IYK) while those bearish on the consumer goods sector could consider ProShares Ultra Sht Consumer Goods ( SZK).

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