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Ingredion Is Trading below Its Key Moving Averages

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Ingredion’s moving averages

As of January 20, 2016, Ingredion closed at $86.6. It trades 6.1% below its 100-day moving average, 9.2% below its 50-day moving average, and 7.3% below its 20-day moving average. The stock price fell 3% in December. Ingredion’s peers in the industry include Campbell Soup (CPB), Kellogg (K), Archer Daniels Midland (ADM), and General Mills (GIS).

Campbell Soup (CPB) closed at $54.1, or 6% above its 100-day moving average, 4.3% above its 50-day moving average, and 2.5% above its 20-day moving averages. There wasn’t much change in the stock price in December. Kellogg closed at $70.1, or 1.3% above its 100-day moving average, 0.1% above its 50-day moving average, 2.4% below its 20-day moving average, and rose 4% during December.

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ADM is trading 21.8%, 13.1%, and 10.2%, respectively, below its 100-day, 50-day, and 20-day moving averages, and didn’t rise much in the last month. General Mills fell 1.0% in December and is trading 4.5%, 4.8%, and 4%, respectively, below its 100-day, 50-day, and 20-day moving averages. ADM and GIS closed at $31.3 and $54.6 on January 20, respectively.

The First Trust Consumer Staples AlphaDEX Fund (FXG) invests 3.9% in INGR, 1.9% in GIS, 2.5% in CPB, 3.2% in ADM, and 1.9% in Kellogg. The ETF is trading 4.3%, 4.6%, and 5.0%, respectively, below its 100-day, 50-day, and 20-day moving averages. It closed at $41.6 on January 20.

Analysts’ estimates

Analysts’ estimates indicate upsides of 12.3 % for INGR, 3.1% for K, 29.9% for ADM, and 7.2% for GIS from their current levels on January 20 for the next 12-month period. Meanwhile, CPB has already beaten analyst estimates by 2.8% on January 20. As of that day, CPB reported positive YTD (year-to-date) returns of 3% while INGR, K, ADM, and GIS reported returns of -9.6%, -3%, -14.7%, and -5.4%, respectively. The ETF reported YTD returns of -6.5%.

In the next part of the series, we’ll see how Ingredion performed in its last reported fiscal 3Q15.

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