Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks. The top investor data is provided from their latest 13F’s. This week we’ll take a look at:
Ingredion Inc (NYSE: INGR)
Ingredion manufactures ingredients for the food, beverage, paper, and personal-care industries. Sweeteners (syrups, maltodextrins, dextrose, and polyols) account for about 35% of sales, starches (for food and industrial use) around 45%, and co-products the balance. Value-added, specialty ingredients account for nearly one third of sales, with the balance being commodity-grade ingredients. With the majority of sales outside the U.S., Ingredion is a global player with good exposure to developing markets, including Latin America and Asia-Pacific.
A quick look at the price chart below for Ingredion shows us that the stock is down 13% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 10.26, which means that it remains undervalued.
(Source: Morningstar)
Superinvestors who currently hold positions in Ingredion include:
Cliff Asness – 1,084,965 shares
Donald Yacktman – 891,712 shares
Israel Englander – 207,397 shares
David Einhorn – 164,700 shares
Ray Dalio – 31,864 shares
Ken Griffin – 21,308 shares
Chuck Royce – 8,500 shares
Joel Greenblatt – 5,999 shares
Jeremy Grantham – 3,905 shares
Paul Tudor Jones – 3,766 shares
Jim O’Shaughnessy – 733 shares
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