Ingredion: A Recipe for Success and a Buy Recommendation

Ingredion Incorporated is a leading ingredient solutions company with global operations, providing sweeteners and starches, as well as higher-potential ingredients to the food and beverage market. The company has recently unveiled a plan to focus on growth through acquisitions and partnerships, targeting the plant-based and prebiotic fibers segments. Ingredion's financial performance has been solid, with a 6.8% YoY increase in revenue in Q4 2022 and a 4.2% increase in EPS. The company's buyback program has also been successful, with 2.8 million shares repurchased in 2022.