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Last $80.75 USD
Change Today +0.07 / 0.09%
Volume 412.2K
INGR On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 05/5/15 All times are local (Market data is delayed by at least 15 minutes).

ingredion inc (INGR) Snapshot

Open
$80.76
Previous Close
$80.68
Day High
$81.13
Day Low
$80.37
52 Week High
12/29/14 - $87.20
52 Week Low
10/15/14 - $69.94
Market Cap
5.8B
Average Volume 10 Days
559.6K
EPS TTM
$5.53
Shares Outstanding
71.5M
EX-Date
03/27/15
P/E TM
14.6x
Dividend
$1.68
Dividend Yield
2.08%
Current Stock Chart for INGREDION INC (INGR)

ingredion inc (INGR) Related Businessweek News

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ingredion inc (INGR) Details

Ingredion Incorporated, together with its subsidiaries, manufactures and sells starches and sweeteners to various industries. It offers sweetener products comprising glucose syrups, high maltose syrups, high fructose corn syrups, caramel colors, dextrose, polyols, maltodextrins and glucose, and syrup solids, as well as food-grade and industrial starches. The company also provides animal feed products; edible corn oil; refined corn oil to packers of cooking oil and to producers of margarine, salad dressings, shortening, mayonnaise and other foods; and corn gluten feed used as protein feed for chickens, pet food, and aquaculture. Its products are derived primarily from processing corn and other starch-based materials, such as tapioca, potato, and rice. The company serves food, beverage, brewing, pharmaceutical, paper and corrugated products, textile, and personal care industries, as well as animal feed and corn oil markets. It operates in North America, South America, the Asia Pacific, Europe, the Middle East, and Africa. The company was formerly known as Corn Products International, Inc. and changed its name to Ingredion Incorporated in June 2012. Ingredion Incorporated was founded in 1906 and is headquartered in Westchester, Illinois.

10,300 Employees
Last Reported Date: 02/20/15
Founded in 1906

ingredion inc (INGR) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.1M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $571.5K
Senior Vice President and President of South ...
Total Annual Compensation: $559.1K
Executive Vice President of Global Specialtie...
Total Annual Compensation: $532.5K
Senior Vice President of Corporate Strategy a...
Total Annual Compensation: $434.3K
Compensation as of Fiscal Year 2014.

ingredion inc (INGR) Key Developments

Ingredion Incorporated Declares Dividend for the First Quarter Ended March 31, 2015

Ingredion Incorporated declared dividend for the first quarter ended March 31, 2015 of $0.42 per share.

Ingredion Incorporated Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Fiscal Year 2015

Ingredion Incorporated announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net sales before shipping and handling costs of $1,410.0 million against $1,435.0 million a year ago. Net sales were $1,330.1 million against $1,357.2 million a year ago. Operating income was $139.5 million against $122.3 million a year ago. Income before income taxes was $125.5 million against $105.7 million a year ago. Net income attributable to the company was $83.7 million or $1.15 per diluted share against $72.6 million or $0.96 per diluted share a year ago. Cash provided by operating activities was $69 million against $121 million a year ago. Capital expenditures, net of proceeds on disposals were $58 million against $59 million a year ago. Non-GAAP adjusted net income was $94.8 million or $1.30 per share against $72.6 million or $0.96 per share a year ago. Non-GAAP adjusted operating income $156.6 million against $122.3 million a year ago. The 14% and 28% increase in operating income and adjusted operating income, respectively, compared to the first quarter of 2014. The increase in adjusted operating income was primarily due to stronger volumes and margins in North America. This was slightly offset by global foreign exchange headwinds and stagnant economies in South America, primarily Brazil. Adjusted non-GAAP was $142.6 million. For the fiscal year 2015, the company’s 2015 adjusted EPS, including the expected $0.08-$0.12 per share accretion resulting from the Penford acquisition but excluding integration and acquisition costs, is expected to be in the range of $5.50 to $6.00 compared to adjusted EPS of $5.20 in 2014. The guidance assumes: overall improvement in North America, modest improvement in Asia Pacific, EMEA in line with last year, and South America in line to slightly up versus last year; an effective tax rate of 29% - 31%; and earnings per share accretion attributable to the 2014 accelerated share repurchase program. Sales of specialty ingredients are expected to continue to grow faster than its core portfolio of products. In 2015, cash generated by operations and capital expenditures are expected to be approximately $650 million - $700 million and $300 million, respectively.

Ingredion Seeks Acquisitions

Ingredion Incorporated (NYSE:INGR) is seeking acquisitions. Jack Fortnum, Ingredion's Chief Finance Officer, said "I think that's a reasonable perspective to take in terms of how we're going to be looking at acquisitions. They don't have to be immediately over that ROCE number, but they do have to get there within that two year to three year period."

 

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Industry Analysis

INGR

Industry Average

Valuation INGR Industry Range
Price/Earnings 16.3x
Price/Sales 1.0x
Price/Book 2.8x
Price/Cash Flow 15.8x
TEV/Sales 0.5x
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