WESTCHESTER, Ill. - Ingredion (NYSE:INGR) Incorporated (NYSE: INGR), a global ingredient solutions provider, has been recognized as one of the "World's Most Admired Companies" by Fortune magazine for the 14th time. This annual list, which is seen as a measure of corporate reputation by peers in various industries, ranked Ingredion fourth in the food production category for 2024.
The list, developed by Fortune and Korn Ferry (NYSE:KFY), evaluates companies across 52 industries on nine criteria, including investment value, innovation, management quality, product quality, social responsibility, and the ability to attract talent. The assessment involves 660 companies from 29 countries, highlighting those that have earned the respect and admiration of their industry peers.
Ingredion's President and CEO, Jim Zallie, expressed pride in the company's inclusion on the list, attributing it to the "hard work and dedication" of their 12,000 employees. Zallie emphasized Ingredion's commitment to delivering value to customers, communities, and stakeholders, while also focusing on growth and the company's purpose to synergize the potential of people, nature, and technology.
Headquartered in the Chicago suburbs, Ingredion operates in over 120 countries and reported nearly $8B in annual net sales for 2022. The company specializes in transforming grains, fruits, vegetables, and other plant materials into value-added ingredients for various markets, including food, beverage, animal nutrition, brewing, and industrial sectors.
The complete "World's Most Admired Companies" list is featured in Fortune magazine's February/March 2024 print issue and is also available online. Ingredion's recognition on this list is based on a press release statement issued by the company.
InvestingPro Insights
As Ingredion Incorporated (NYSE: INGR) celebrates its recognition as one of the "World's Most Admired Companies," investors may find additional confidence in the company's financial health and growth prospects. According to InvestingPro data, Ingredion boasts a market capitalization of $7.12B and a P/E ratio of 11.5, which adjusts to 11.28 for the last twelve months as of Q3 2023, indicating a valuation that may be attractive relative to near-term earnings growth. This is further supported by a PEG ratio of 0.28 for the same period, suggesting a potentially undervalued stock in terms of growth prospects.
InvestingPro Tips highlight that Ingredion has not only raised its dividend for 13 consecutive years but has also maintained these payments for 26 consecutive years, showcasing a strong commitment to shareholder returns. Moreover, the company's liquid assets surpass its short-term obligations, providing financial stability and flexibility. For those looking for investment opportunities, it's noteworthy that Ingredion's stock has shown a strong return over the last three months, with a 17.6% price total return.
For investors seeking to delve deeper into Ingredion's investment profile, the InvestingPro platform offers additional tips. Currently, there are 9 InvestingPro Tips available, which can be accessed by subscribing to InvestingPro+. The subscription is now on a special New Year sale with a discount of up to 50%. Use coupon code SFY24 to get an additional 10% off a 2-year InvestingPro+ subscription, or SFY241 to get an additional 10% off a 1-year InvestingPro+ subscription. These insights could provide valuable guidance for those looking to make informed decisions in the food production sector.
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