On October 29, 2015, Ingredion (INGR) will report its third quarter results for fiscal 2015. Ingredion, together with its subsidiaries, manufactures and sells starches and sweeteners to various industries. It’s part of the processed and packaged food industry. It’s headquartered in Westchester, Illinois. Its peers in the industry include Archer Daniels Midland (ADM), ConAgra Foods (CAG), and Kellogg (K). Archer Daniels and Kellogg will both be reporting their 3Q15 results on November 3. ConAgra will be reporting its second quarter results for fiscal 2016 on December 22.
Stock price performance
Ingredion trades on the NYSE (New York Stock Exchange) under the ticker “INGR.” Its shares rose by 7% after the earnings were released in the last quarter. They closed at $88.35. Since then, the shares have been trading between $81 and $89. The shares started showing a rising trend in October. They traded between $88 and $92. They closed at $93.39 on October 23, 2015. Archer Daniels, ConAgra, and Kellogg also trade on the NYSE. They closed at $46.89, $41.28, and $71.65, respectively, on October 23.
The Power Shares Dynamic Food & Beverage ETF (PBJ) invests 2.8% of its portfolio in Ingredion. It reported a YTD (year-to-date) return of 10.7%. Archer Daniels reported a YTD return of -10.7%. ConAgra and Kellogg reported positive YTD returns of 14.2% and 9.4%, respectively.