Ingredion Incorporated (NYSE:INGR) traded at a new 52-week high today of $94.44. Approximately 59,000 shares have changed hands today, as compared to an average 30-day volume of 383,000 shares.
Ingredion manufactures ingredients for the food, beverage, paper, and personal-care industries. Sweeteners (syrups, maltodextrins, dextrose, and polyols) account for about 35% of sales, starches (for food and industrial use) around 45%, and co-products the balance. Value-added, specialty ingredients account for nearly one third of sales, with the balance being commodity-grade ingredients. With the majority of sales outside the U.S., Ingredion is a global player with good exposure to developing markets, including Latin America and Asia-Pacific.
Ingredion Incorporated share prices have moved between a 52-week high of $94.44 and a 52-week low of $68.71 and are now trading 37% above that low price at $94.27 per share.
Ingredion Incorporated (NYSE:INGR) is currently priced 1.1% above its average consensus analyst price target of $93.22.
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