Ingredion Inc Stock Price, News & Analysis

Ingredion Incorporated (NYSE: INGR) announced the appointments of Tanya Jaeger de Foras as Senior VP and Chief Legal Officer, effective November 29, and Nancy Wolfe as Senior VP and Chief Human Resources Officer, effective January 24, 2022. Jaeger de Foras brings over 20 years of legal expertise, previously at Whirlpool and Pfizer. Wolfe, with 20 years in HR roles, aims to enhance Ingredion’s culture and talent capabilities. Ingredion, headquartered in Westchester, IL, reported $6 billion in annual net sales in 2020, servicing over 120 countries.

The EVERY Company announced a partnership with Pressed to launch the Pineapple Greens Protein smoothie, featuring their animal-free protein. This first-of-its-kind product will be available in select locations in Los Angeles and New York. The smoothie includes 10g of protein, no added sugar, and is rich in vitamin C. Priced at $7.95, it combines flavors like apple, pineapple, and spinach. EVERY’s innovative protein offers a taste-free alternative to traditional animal proteins while promoting sustainability.

Ingredion reported third quarter 2021 results with adjusted EPS of $1.67, slightly down from $1.77 in 2020. However, the company raised its full-year adjusted EPS outlook to $6.65-$7.00 from $6.45-$6.85. Net sales grew 17% year-over-year to $1.76 billion, driven by strong customer demand. Operating income was reported at $172 million, up 12%, yet adjusted operating income decreased by 9% due to rising corn costs. The company noted significant growth in specialty ingredients and completed the integration of its Argentina operations into the Arcor joint venture.

Ingredion Incorporated (NYSE: INGR) will announce its 2021 third quarter financial results on November 2, 2021, prior to market opening. The results will cover the period ended September 30, 2021. A conference call hosted by Jim Zallie, CEO, and James Gray, CFO, will take place at 8 a.m. CT on the same day to discuss financial performance. Additionally, Tiffany Willis has left the company, with Jason Payant assuming her investor relations responsibilities temporarily. The meeting will be available via webcast, with a replay on the company's website.

The EVERY Company, formerly Clara Foods, launches EVERY ClearEgg™, the world's first animal-free egg protein, aimed at revolutionizing the protein market. The San Francisco-based firm uses precision fermentation to create highly soluble protein solutions, opening doors for various applications in food and beverages. With increasing demand for sustainable food options, this innovative product aligns with market trends. Distribution is supported by Ingredion, a global leader in ingredient solutions, enhancing market reach.

The board of directors of Ingredion has declared a quarterly dividend of $0.65 per share on its common stock. This dividend will be payable on October 25, 2021, to stockholders of record as of the close of business on October 4, 2021. This marks the seventh consecutive year of dividend increases in the third quarter. Ingredion, headquartered in Westchester, IL, reported $6 billion in annual net sales for 2020 and operates globally, providing ingredient solutions across multiple markets.

Ingredion and S&W Seed Company have formed an exclusive U.S. stevia pilot production supply agreement. S&W will use its proprietary stevia plants and advanced techniques to supply high-quality, U.S.-sourced stevia to Ingredion and its PureCircle group. This agreement aims to enhance sugar reduction solutions and explore large-scale stevia production opportunities in the U.S. The global stevia market is projected to grow to $1.6B by 2028. This collaboration follows Ingredion's recent strategic moves, including acquiring a controlling stake in PureCircle and a joint venture with Amyris.

Ingredion Incorporated (NYSE: INGR) has appointed Catherine Suever to its board of directors, effective August 17, 2021. With over 35 years of experience in finance and global business operations, Suever aims to enhance board decision-making and drive long-term shareholder value. Her past roles include executive vice president and CFO at Parker-Hannifin and current directorship at Hexcel Corporation. The company's 2020 sales reached $6 billion, focusing on ingredient solutions across various industries.

Ingredion reported a strong second quarter in 2021, showcasing adjusted EPS of $2.05, up from $1.12 in 2020. Year-to-date results revealed a reported EPS of $(1.01) due to a $360 million impairment charge for Argentina operations. Net sales surged 31% to $1.76 billion, driven by double-digit volume growth across all regions and strong price mix management. The company anticipates full-year adjusted EPS between $6.45 and $6.85, reflecting solid growth amid rising corn costs. Ingredion continues to focus on specialty ingredients, bolstering its market position.