NYSE:INGRFood
Ingredion (INGR) Stock Rises As Solutions Growth Meets Margin Strain
Ingredion stock jumped 4.2% to US$104.63 after its Q2 report, a sharp move for a company often viewed as a steady, value priced ingredient supplier. The headline is margin pressure meeting a growth story that is still intact. Net sales came in at US$1.85b with Texture & Healthful Solutions again doing the heavy lifting, while adjusted operating income of US$258m showed the profit squeeze investors have been watching.
For a stock trading on an 11.1x P/E and carrying a 3.13% dividend yield,...