Ingredion continues steady financial performance
USA – Recent financial data places Ingredion’s market capitalization at US$8.74 billion, with a price-to-earnings (P/E) ratio of 13.46, which suggests the company’s stock may be undervalued considering its earnings growth potential.
The company has consistently returned value to shareholders, having increased its dividend for 13 consecutive years.
Ingredion currently offers a dividend yield of 2.38%.
The ingredients company operates in nearly 120 countries, transforming plant-based materials such as grains and vegetables into ingredient solutions.
In 2023, the company reported annual net sales of around US$8 billion and has maintained solid financial health.
In terms of profitability, the company has achieved a gross profit margin of 21.83% and an operating income margin of 11.68%, indicating effective cost management.
Ingredion’s stock has seen a one-year total price return of 50.56% and continues to trade near its 52-week high, reinforcing its presence in the global market for ingredient solutions.
Looking ahead, the company is set to announce its third-quarter financial results on November 5, 2024, for the period ending September 30.
CEO Jim Zallie and CFO Jim Gray will lead a conference call to discuss the results and provide an outlook on Ingredion’s strategies moving forward.
On August 31, 2024, BlackRock Inc., a global investment management firm, increased its stake in Ingredion Inc. by acquiring 228,222 additional shares at a price of US$134.31 per share.
This acquisition raises BlackRock’s total holdings in Ingredion to 6,566,730 shares, indicating its growing interest in the ingredient manufacturer.
Founded in 1988, BlackRock has become a major player in investment management, offering various financial products such as mutual funds and ETFs through its subsidiaries.
Ingredion, established in 1997, supplies ingredients to industries including food, beverage, and animal nutrition.
The company’s portfolio includes products like high-fructose corn syrup as well as specialty ingredients like plant proteins and natural sweeteners.
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