Upcoming earnings announcement
Ingredion (INGR) will report its fourth quarter results for fiscal 2015 on January 28, 2016. The company is headquartered in Westchester, Illinois, and is a packaged food company that, together with its subsidiaries, manufactures and sells starches and sweeteners to various industries. The company had a solid fiscal 3Q15, with a rise in gross and operating profit along with a positive growth in earnings.
Stock performance since last quarter’s earnings
Ingredion’s stock reacted positively to the strong fiscal 3Q15 results and rose by 2%, closing at $95.06 on October 29, 2015. The shares demonstrated a rising trend since the third quarter earnings were released and traded in the range of $93–$99. The stock has gained as much as 13% in 2015. The price movement on a year-to-date basis is -9.6%, and it’s trading at -7.3% on a trailing-five-day basis. It closed at $86.6 on January 20.
Peers in the industry
Ingredion is a part of the processed and packaged goods industry. Its main competitors in the industry are Flowers Foods (FLO), Archer Daniels Midland (ADM), and ConAgra Foods (CAG). They closed at $20.1, $31.2, and $38.7, respectively, on January 20. Flowers Foods will report its fiscal 4Q15 earnings on February 11, and ADM will release its fiscal 4Q15 results on February 2. ConAgra will report its fiscal 3Q16 results on April 7.
The First Trust Consumer Staples AlphaDEX Fund (FXG) makes up for 3.9% of its portfolio in the INGR stock. The ETF also invests 2.4% in CAG, 3.9% in FLO, and 3.9% in the ADM stock. The ETF closed at $41.6 as of January 20.
In the next parts of the series, we’ll talk about Ingredion and its peers’ moving averages. We’ll also discuss the company’s performance in its last reported third quarter of fiscal 2015, its completed acquisitions, greater dividend, earnings per share guidance, and details of its upcoming expansion project.