Ingredion Inc Stock Price, News & Analysis

Amyris, Inc. (Nasdaq: AMRS) has signed a $100 million agreement with Ingredion Incorporated (NYSE: INGR) to exclusively license its zero-calorie fermented Reb M sweetener. The deal includes Ingredion acquiring a minority stake in Amyris's Brazilian manufacturing facility currently under construction. This collaboration aims to accelerate the production and marketing of sustainable sweeteners and fermentation-based ingredients. The transaction, expected to close in the second quarter, positions both companies to enhance their offerings in the food and beverage industry through sustainable solutions.

Ingredion Incorporated (NYSE: INGR) will release its 2021 Q1 financial results on May 4, 2021, before market opens. CEO Jim Zallie and CFO James Gray will discuss the results during a conference call at 8 a.m. CT, which will be available for live webcast. Ingredion, a leading global ingredient solutions provider, reported $6 billion in net sales in 2020, serving over 120 countries. The company specializes in converting plant-based materials into value-added solutions for various markets, including food and beverage.

Ingredion, a global provider of ingredient solutions, has acquired KaTech, enhancing its Food Systems platform with advanced texturizing and stabilizing solutions. This strategic acquisition broadens the customer base and aligns with consumer trends towards label-friendly ingredients. The integration aims to leverage KaTech's formulation expertise and extend Ingredion's market reach in Europe, complementing its U.S. and Asia operations. Although financial terms were undisclosed, this move is positioned to deliver value to food and beverage manufacturers with tailored solutions.

Ingredion Incorporated (NYSE: INGR) has declared a quarterly dividend of $0.64 per share on its common stock. This dividend is set to be paid on April 26, 2021, to shareholders on record as of April 1, 2021. With annual net sales of $6 billion in 2020, Ingredion is a global leader in ingredient solutions, serving clients in over 120 countries. The company specializes in converting plant-based materials into value-added ingredients for various markets including food, beverage, and animal nutrition.

Ingredion (NYSE: INGR) and Grupo Arcor have formed a joint venture to enhance ingredient solutions in Argentina, Chile, and Uruguay. The agreement, announced on February 12, 2021, will see Arcor hold a 51% stake, while Ingredion will hold 49%. This venture aims to leverage both companies' manufacturing expertise, with a combined turnover exceeding US$300 million. It will streamline operations across four facilities, producing essential value-added ingredients for the food, beverage, and pharmaceutical sectors.

Ingredion reported a strong performance for Q4 2020, with adjusted EPS at $1.75, up from $1.54 a year ago. Full-year adjusted EPS was $6.23, dropping from $6.61 in 2019. The company expects modest growth in net sales and operating income for 2021, driven by specialty ingredients and Cost Smart savings. Fourth-quarter net sales grew 3% year-over-year, with recovery in three of four regions. Notably, the strategic acquisition of Verdient Foods was completed, and significant savings from restructuring were achieved, totaling $103 million.