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 higher today making it today's featured food & beverage winner. The industry as a whole closed the day down 0.2%. By the end of trading, Ingredion rose $1.76 (2.5%) to $71.26 on average volume. Throughout the day, 567,659 shares of Ingredion exchanged hands as compared to its average daily volume of 545,400 shares. The stock ranged in a price between $68.91-$71.34 after having opened the day at $69.30 as compared to the previous trading day's close of $69.50. Other companies within the Food & Beverage industry that increased today were: RiceBran Technologies ( RIBT), up 6.6%, Cresud ( CRESY), up 5.0%, Tianli Agritech ( OINK), up 5.0% and Farmer Bros ( FARM), up 3.6%.
Ingredion Incorporated, together with its subsidiaries, manufactures and sells starch and sweetener ingredients to various industries. Ingredion has a market cap of $5.2 billion and is part of the consumer goods sector. The company has a P/E ratio of 13.2, below the S&P 500 P/E ratio of 17.7. Shares are up 1.5% year to date as of the close of trading on Friday. 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 largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income.