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Q1 2020 Ingredion Inc Earnings Call

Today, the board of directors of Ingredion Incorporated (INGR) declared a quarterly dividend of $0.63 per share on the Company’s common stock. Ingredion Incorporated (INGR), headquartered in the suburbs of Chicago, is a leading global ingredient solutions provider serving customers in more than 120 countries. With Ingredion Idea Labs® innovation centers around the world and more than 11,000 employees, the Company co-creates with customers and fulfills its purpose of bringing the potential of people, nature and technology together to make life better.

Ladies and gentlemen, thank you for standing by, and welcome to the quarter 1 2020 Ingredion Incorporated earnings conference call. With me today at safe social distances are Jim Zallie, our president and CEO; and Jim Gray, our executive vice president and chief financial officer.

Ingredion Incorporated (NYSE:INGR) is about to trade ex-dividend in the next 4 days. Ex-dividend means that investors...

Today, Ingredion Incorporated (INGR), a leading global provider of ingredient solutions to diversified industries, has joined the Paradigm for Parity® coalition, pledging its commitment to achieving gender parity in corporate leadership roles by 2030. “We are proud to partner with the Paradigm for Parity movement and work toward addressing gender imbalances prevalent in corporate leadership positions,” said Jim Zallie, Ingredion’s president and chief executive officer.

Beyond Meat shares are down after Goldman Sachs cut the plant-based-meat producer's stock rating to sell. The analyst cited valuation and other factors.

Blue Apron (APRN) saw a big move last session, as its shares jumped nearly 13% on the day, amid huge volumes.

First quarter 2020 reported and adjusted EPS* were $1.11 and $1.59, respectively, compared with $1.48 and $1.53, respectively, in the first quarter 2019Due to the uncertainty of.

Landec (LNDC) saw a big move last session, as its shares jumped more than 12% on the day, amid huge volumes.

Ingredion Incorporated (INGR), a leading global provider of ingredient solutions to the food manufacturing industry, announced today that it will present virtually at the BMO Capital Markets 15th Annual Farm to Market Conference on Wednesday, May 13, 2020. Jim Zallie, president and chief executive officer, and James Gray, executive vice president and chief financial officer, will present at 11:20 a.m. EDT. Ingredion Incorporated (INGR) headquartered in the suburbs of Chicago, is a leading global ingredient solutions provider serving customers in more than 120 countries.

Unfortunately for some shareholders, the Ingredion (NYSE:INGR) share price has dived 37% in the last thirty days...

Ingredion Incorporated (INGR:NYSE) and PureCircle Limited (PURE.L), have announced today that they have reached agreement on the terms for Ingredion to acquire a controlling 75% stake in PureCircle, one of the leading producers and innovators of stevia sweeteners for the global food and beverage industries. Ingredion is a leading global provider of plant-based ingredient solutions to diversified industries. The companies expect the transaction to close during the second half of 2020 subject to approval by PureCircle’s shareholders and receipt of the required regulatory approvals.

Ingredion Incorporated (INGR), a leading global provider of ingredient solutions to the food manufacturing industry, will release its 2020 first quarter financial results for the period ended March 31, 2020, before the market opens on Tuesday, May 5, 2020. Jim Zallie, president and chief executive officer, and James Gray, executive vice president and chief financial officer, will host a conference call on May 5 at 8 a.m. CT to discuss the Company’s financial performance. A replay of the presentation will be available on the Company's website.

Ingredion Incorporated (INGR), a leading global provider of ingredient solutions to the food manufacturing industry, today announced the pricing of an offering of $600 million principal amount of 2.900% senior notes due 2030 and $400 million principal amount of 3.900% senior notes due 2050. The offering was made pursuant to a registration statement filed with the U.S. Securities and Exchange Commission. The offering is expected to close on May 13, 2020, subject to customary closing conditions.

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In addition to the commercial exclusivity, the Company has concluded a financial agreement, which includes the option of a future equity investment in NorQuin. “We are excited to enter into an agreement with NorQuin to further expand our specialties portfolio with quinoa flours and capitalize on the plant-based protein trend shaping the global food industry,” said Jim Zallie, Ingredion’s president and CEO.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Moody's Investors Service, ("Moody's") assigned a Baa1 rating to Ingredion Incorporated's ("Ingredion") new USD senior unsecured notes with tenors of 10 and 30 years. Net proceeds will be used for general corporate purposes including the repayment of existing debt under the company's $1 billion senior unsecured revolving credit facility and the $400 million senior unsecured notes due November 2020.