Short interest for Tate & Lyle gives investors a sense of the degree to which investors are betting on the decline of Tate & Lyle's stock. Short interest data is updated every two weeks.

Tate & Lyle Stock (OTC:TATYY), Short Interest Report

Tate & Lyle

Tate & Lyle is a global provider of food and beverage ingredients and solutions. Following the sale in 2022 of a controlling stake in its commodity ingredients business, as well as its exit from the sugar business a decade earlier, Tate & Lyle is now focused on specialty ingredients—sweeteners, starches, and soluble fiber. It has 2,700 employees and operates in over 140 countries, with most of its revenue generated in North America.

News

Intraday Update

Markets

Movers

Trading Ideas

AAON

ADYYF

AIQUY

ALPMY

AMZN

APLT

APPF

APTO

ATBPF

BXMT

CHDN

CHTR

CLHRF

CNNE

CPRT

CPSH

CRMT

CVCO

CWST

DECK

DOCU

DXCM

EDPFY

ELVT

EPRT

FATE

Flaherty Crumrine/Claymore Preferred Securities

FJTSY

FLEX

FORTY

FTMNF

GLDLF

GLPI

GLVMF

HNNMY

INVH

ITCC

ITMR

KDDIY

LBRDA

LBRDK

LJUIF

LLIT

MCBI

MCRI

MDLZ

MGEE

MGRUF

Blackrock Muniholdings New York Quality Fund

MKTAY

MLKKF

MSCI

Blackrock Muniholdings California Quality Fund

NDAQ

Nuveen Insured Tax-Free Advantage Municipal Fund

Nuveenn Intermediate Duration Quality Municipal Term Fund Common Shares of Beneficial Interest

Nuveen Georgia Dividend Advantage Municipal Funds 2

Nuveen Insured California Tax-Free Advantage Municipal Fund

Nuveen Municipal High Income Opportunity Fund

Stocks That Hit 52-Week Highs On Friday

Movers & Shakers

General

ABMD

ACRGF

ADMP

ADMS

ADTN

AERI

ALEAFIA HEALTH INC ORD by Aleafia Health Inc.

ALEAF

ARDS

ARGGY

ASASF

ASBFY

AUPH

AVCO

AVEW

AXAS

AXDDF

AXGN

AZRX

BCUCY

BEAT

BHKLY

BIEI

BKEAY

BLOZF

BLUU

BTHCF

BYDDY

CARG

CBAY

CDTI

CERS

CHKDP

CHYHY

CLLS

CMPNF

CMVLF

CNPOF

CNSL

CNTMF

CPPMF

CRSXF

CRUUF

CTAIF

CTEQF

CTRA

CTST

CTXR

CXXIF

DERM

DFILF

DMPI

DSFGY

DXBRF

DYMEF

EEGI

EEVVF

ENOB

ESTR

EUUNF

EXXAY

FFXXF

FIXX

FLDM

FLWPF

FRLI

FSSN

FUTL

GEMP

GLMD

GORAF

GYNAF

HABT

HCAT

HEXO

HITIF

HOTH

HSNGY

HTBX

ICPT

IPWR

IRNC

JASN

JCAP

JSHLY

KOPN

KPCPY

KWBT

LBRT

LEMIF

LYFT

MAKSY

Stocks That Hit 52-Week Lows On Thursday

Earnings

TATYY

Tate &amp; Lyle Fiscal Year Profit Slips

TATE & LYLE PLC S/ADR by Tate & Lyle, PLC

Tate & Lyle PLC

BFFTF

CCARF

EVRZF

FRONTERA ENERGY CORP ORD by Frontera Energy Corp

FECCF

HWTHF

U.K. company Tate &amp; Lyle PLC (ADR) (OTC: <a class="ticker" href="/stock/tatyy#OTC">TATYY</a>) reported a drop in its pretax profit for the year to March 31.
Tate &amp; Lyle's pretax profit for the year slipped to 51 million pounds ($78.3 million), compared to GBP277 million, in the year-ago period. Its adjusted pretax profit declined 30 percent to GBP224 million.
Adjusted EPS from continuing operations slipped to 37.7 pence, versus 55.7 pence, a year earlier.
Its revenue slipped 15 percent to GBP2.36 billion. 
Adjusted sales in Speciality Food Ingredients declined 8 percent, while adjusted sales in Bulk Ingredients dropped 17 percent.
Tate &amp; Lyle's board proposed a final dividend of 19.8 pence per share.
Chief Executive Javed Ahmed said, "It has been a very challenging year for the Group, but with the necessary actions underway we are firmly focused on improving our performance"
Tate &amp; Lyle gained 0.41 percent to close at $37.02 yesterday.

Tate & Lyle Fiscal Year Profit Slips

Tate &amp; Lyle PLC (OTC: <a class="ticker" href="/stock/tatyy#OTC">TATYY</a>) reported a fall in its FY13 pretax profit and lifted its final dividend payment.

Tate &amp; Lyle's pretax profit for the year declined to 309 million pounds, from GBP379 million, in the year-earlier period. Its adjusted pretax profit surged to GBP329 million from GBP318 million.

Its sales rose to GBP3.26 billion from GBP3.09 billion, while net profit declined to GBP277 million from GBP305 million.

Tate &amp; Lyle's adjusted diluted earnings per share climbed to 57.0 pence from 54.7 pence. 

Tate &amp; Lyle's lifted its final dividend by 5.6% to 18.8 pence per share.

Tate &amp; Lyle shares closed at $51.32 yesterday.

Dividends

Tate & Lyle Posts Drop In FY13 Pretax Profit, Lifts Dividend

Tate &amp; Lyle PLC (OTC: <a class="ticker" href="/stock/tatyy#OTC">TATYY</a>) reported a 28% drop in its first-half FY13 pretax profit and lifted its dividend. 

Tate &amp; Lyle's sales for half year rose to GBP1.63 billion, from GBP1.54 million, in the year-ago period. Its operating profit dropped 26% to GBP187 million, from GBP255 million. 

Tate &amp; Lyle's adjusted profit before tax rose 2% to GBP179 million from GBP177 million.

Tate &amp; Lyle shares closed at $46.85 yesterday.

Tate & Lyle Posts 28% Drop In H1 Pretax Profit, Lifts Dividend

Graham Corporation (AMEX: <a class="ticker" href="/stock/ghm#AMEX">GHM</a>) reported upbeat Q4 results on Friday. Graham reported its quarterly net income at $2.7 million, or $0.27 per, up from $0.6 million, or $0.06 per share, in the year-ago period. Its net sales surged 88% to $25.9 million from $13.8 million. However, analysts were expecting earnings of $0.21 per share on revenue of $23.8 million. Graham projects FY12 revenue of $95 to 105 million, versus analysts' estimates of $102.35 million. 

Mentor Graphics (NASDAQ: <a class="ticker" href="/stock/ment#NASDAQ">MENT</a>) reported its Q1 EPS of $0.20, versus the estimates of $0.18. MENT reported its revenue of $230 million, versus the estimates of $227 million.

Seadrill Limited (NYSE: <a class="ticker" href="/stock/sdrl#NYSE">SDRL</a>) reported its first-quarter results and lifted its quarterly dividend. Seadrill posted its quarterly earnings before interest, taxes, depreciation and amortisation (EBITDA) at $430 million, up from $332 million, in the year-ago quarter. However, analysts expected earnings of $432 million. The Board of Seadrill increased the long-term quarterly dividend to $0.70 per share.
Shiloh Industries Inc (NASDAQ: <a class="ticker" href="/stock/shlo#NASDAQ">SHLO</a>) reported its Q2 EPS of $0.20, versus the estimates of $0.24. SHLO reported its revenue of $137.0 million, versus the estimates of $133.70 million.

Tate &amp; Lyle PLC (OTC: <a class="ticker" href="/stock/tatyy#OTC">TATYY</a>) reported a strong rise in its net profit for the year to March 31on Friday. Tate &amp; Lyle's net profit jumped to 163 million pounds ($274 million), from 15 million pounds, in the year-earlier period. It reported an operating profit of 303 million pounds, versus a loss of 44 million pounds. The group's sales surged 7% to 2.72 billion pounds, from 2.53 billion pounds. Tate &amp; Lyle raised its final dividend 5% to 16.9 pence, for a total full-year dividend of 23.7 pence.

Severn Trent Plc (OTC: <a class="ticker" href="/stock/svtry#OTC">SVTRY</a>) reported a lower-than-expected decline in annual profit. Severn Trent's underlying pretax profit declined 14.7% to 288.6 million pounds ($460 million). However, analysts expected a profit of 276.7 million pounds. Its sales came in at 1.71 billion pounds, in line with expectations.

Read more <a href="http://www.benzinga.com/markets">from Benzinga's Markets.</a>

Pre-Market Outlook

MENT

SDRL

SHLO

SVTRY

Earnings Roundup For May 27 

Tate &amp; Lyle PLC (OTC: <a class="ticker" href="/stock/tatyy#OTC">TATYY</a>) reported a strong rise in its net profit for the year to March 31on Friday. 

Tate &amp; Lyle's net profit jumped to 163 million pounds ($274 million), from 15 million pounds, in the year-earlier period. It reported an operating profit of 303 million pounds, versus a loss of 44 million pounds. The group's sales surged 7% to 2.72 billion pounds, from 2.53 billion pounds. 

Tate &amp; Lyle raised its final dividend 5% to 16.9 pence, for a total full-year dividend of 23.7 pence.

Tate &amp; Lyle shares gained 3.75% to close at $40.72 yesterday.

Read more <a href="http://www.benzinga.com/markets/company-news">from Benzinga's Company news.</a>

Tate & Lyle Profit Surges To $274 million, Raises Dividend

Analysts at Citigroup downgrade Tate &amp; Lyle PLC (OTC: TATYY) from “buy” to “hold.”
TATYY shares fell 2.98% to close at $36.80 yesterday.
<a href="http://www.benzinga.com/analyst-ratings">More Analyst Ratings here</a>

Downgrades

Analyst Ratings

Citigroup Downgrades TATYY To Hold

Due to inelastic demand and technological developments, the food makers industry will likely remain robust. Therefore, fundamentally strong food makers stocks Ajinomoto (AJINY), Tate & Lyle (TATYY), and John B. Sanfilippo & Son (JBSS) might be solid buys. Read on... Despite macroeconomic uncertainties, the food industry is expected to thrive. So, quality food maker stocks Ajinomoto Co., Inc. (<a href="https://stocknews.com/stock/AJINY/">AJINY</a>), Tate &amp; Lyle plc (<a href="https://stocknews.com/stock/TATYY/">TATYY</a>), and John B. Sanfilippo &amp; Son, Inc. (<a href="https://stocknews.com/stock/JBSS/">JBSS</a>) could be wise additions to your portfolio now.
The food sector is developing due to advanced procedures, higher dining-out spending, and a growing desire for fast food consumption. According to Statista, food market revenue will reach $9.36 trillion in 2023 and grow at a <a href="https://www.statista.com/outlook/cmo/food/worldwide">6.7% CAGR until 2028</a>.
Food manufacturers are investing in automation to meet consumer demands due to the rising demand for processed items and changing lifestyles. Rapid technological advancement, changing consumer preferences, and regulatory agencies have also boosted the use of automated technologies in the food business. The food automation market is projected to reach a revised size of <a href="https://www.globenewswire.com/news-release/2023/06/21/2691918/0/en/Food-Automation-Market-Size-Share-Analysis-Growth-Trends-Forecasts-2023-2028.html#:~:text">$33.45 billion by 2028, growing at a CAGR of 7.4%</a>.
Food makers are <a href="https://www.foodtechbiz.com/opinion/a-sneak-peek-into-the-food-automation-market">increasingly embracing automation technologies</a> such as robotics, the Internet of Things (IoT), data analytics, digital twins, and artificial intelligence, which could help the industry grow.
In addition, food stocks are known to be recession proofs making them safe haven investments.
Let's delve deeper into the fundamentals of the featured stocks.
Ajinomoto Co., Inc. (<a href="https://stocknews.com/stock/AJINY/">AJINY</a>)
Headquartered in Tokyo, Japan, AJINY engages in seasonings and foods, frozen foods, and healthcare and other businesses in Japan and internationally. The company operates through three segments: Seasonings and Foods; Frozen Foods; and Healthcare and Others.
AJINY's trailing-12-month EBIT margin of 16.24% is 63.7% higher than the industry average of 9.92%. Its trailing-12-month net income margin of 6.92% is 119.4% higher than the industry average of 3.16%.
AJINY's sales for the year ended March 31, 2023, increased 7.3% year-over-year to ¥1.15 trillion ($7.96 billion). Its gross profit increased 4.8% from the year-ago value to ¥425.90 billion ($2.95 million). In addition, the company's profit and <a href="https://www.investopedia.com/terms/e/eps.asp">EPS</a> increased 21% and 28.7% year-over-year to ¥80.23 billion ($555.38 million) and ¥139.42, respectively.
The consensus revenue estimate of $10.48 billion for the year ending March 2024 represents a 3.7% increase year-over-year. AJINY's shares have gained 62.8% over the past year to close the last trading session at $39.72.
AJINY's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this promising outlook. The stock has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
AJINY has an A grade for Stability and a B for Growth and Quality. Within the <a href="https://stocknews.com/category/food-makers/">Food Makers</a> industry, it is ranked #7 out of 81 stocks. <a href="https://stocknews.com/stock/AJINY/">Click here</a> for the additional POWR Ratings for Value, Momentum, and Sentiment for AJINY.
Tate &amp; Lyle plc (<a href="https://stocknews.com/stock/TATYY/">TATYY</a>)
Headquartered in London, the United Kingdom, TATYY together with its subsidiaries, provides ingredients and solutions to the food, beverage, and other industries in the United States, the United Kingdom, other European countries, and internationally. It operates through three segments: Food &amp; Beverage Solutions; Sucralose; and Primary Products.
TATYY's forward EV/EBITDA multiple of 10.45 is 23.3% lower than the industry average of 13.40. Its forward EV/EBIT multiple of 11.79 is 24.3% lower than the industry average of 15.57.
TATYY's trailing-12-month levered FCF margin and net income margins of 79.45% and 10.85% are significantly higher than the industry averages of 2.98% and 3.16%, respectively.
For the year ended March 31, 2023, TATYY's revenue increased 27.3% year-over-year to £1.75 billion ($2.22 billion). Also, its operating profit increased 192.5% from the year-ago value to £196 million ($248.70 million). The company's EPS came in at £30.8p, representing an increase of 460% from the prior-year period.
Street expects TATYY's revenue to increase 6.7% year-over-year to $2.30 billion for the year ending March 2024. Over the past nine months, the stock has gained 21.1% to close the last trading session at $36.79.
It's no surprise that TATYY has an overall B rating, equating to a Buy in our POWR Ratings system. It has a B grade for Growth, Stability, Sentiment and Quality. It is ranked #5 in the same industry.
Beyond what is stated above, we've also rated TATYY for Value, and Momentum. Get all TATYY ratings <a href="https://stocknews.com/stock/TATYY/">here</a>.
John B. Sanfilippo &amp; Son, Inc. (<a href="https://stocknews.com/stock/JBSS/">JBSS</a>)
JBSS through its subsidiary, JBSS Ventures, LLC, processes and distributes tree nuts and peanuts in the United States.
JBSS' trailing-12-month EV/EBIT multiple of 15.51 is 15.5% lower than the industry average of 18.36. Its trailing-12-month EV/Sales multiple of 1.37 is 19.7% lower than the industry average of 1.70.
JBSS' trailing-12-month ROTC of 16.77% is 166.5% higher than the industry average of 6.29%. Its trailing-12-month ROTA of 14.74% is 259.9% higher than the industry average of 4.10%.
In the third quarter that ended March 30, 2023, JBSS' net sales increased 9.1% year-over-year to $238.54 million. Its income from operations came in at $21.82 million, up 25.2% year-over-year. Also, its net income and EPS increased 32.5% and 32.4% year-over-year to $15.73 million and $1.35, respectively.
The stock has gained 69.3% over the past year to close the last trading session at $117.27.
JBSS' strong fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, which equates to a Buy in our proprietary rating system.
It is ranked #8 in the same industry. It has a B for Growth and Quality. To see additional JBSS' ratings for Value, Stability, Sentiment and Momentum, <a href="https://stocknews.com/stock/JBSS/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>
<hr />
AJINY shares were trading at $39.88 per share on Monday morning, up $0.16 (+0.40%). Year-to-date, AJINY has gained 30.20%, versus a 16.80% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rashmi Kumari</h2> <img src='https:/wp-content/uploads/2022/10/Rashmi-Kumari_headshot_2-1.jpg' style="float:left; padding:5px;width:125px;">Rashmi is passionate about capital markets, wealth management, and financial regulatory issues, which led her to pursue a career as an investment analyst. With a master's degree in commerce, she aspires to make complex financial matters understandable for individual investors and help them make appropriate investment decisions.<a href="https://stocknews.com/authors/?author=rashmi-kumari">More...</a>The post <a href=https://stocknews.com/news/ajiny-tatyy-jbss-3-food-maker-stocks-to-buy-in-july/>3 Food Maker Stocks to Buy in July</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Food Maker Stocks to Buy in July

Tate & Lyle, PLC 2023 Q2 - Results - Earnings Call Presentation

Tate & Lyle, PLC (TATYF) Q3 2023 Earnings Call Transcript

The global food service industry is thriving, fueled by diverse culinary preferences and technological integration. Hence, fundamentally strong food maker stocks Danone (DANOY), Ingredion Incorporated (INGR), and Tate & Lyle (TATYY) might be solid investments for year-end gains. Read more… The global food service industry is experiencing growth propelled by economic trends favoring technology integration and the establishment of integrated consumption hubs.
Therefore, investors could consider investing in top food maker stocks Danone S.A. (<a href="https://stocknews.com/stock/DANOY/">DANOY</a>), Tate &amp; Lyle plc (<a href="https://stocknews.com/stock/TATYY/">TATYY</a>), and Ingredion Incorporated (<a href="https://stocknews.com/stock/INGR/">INGR</a>) for December end achievement.
November's CPI for all food rose 2.9% from the same month last year. Also, USDA's December 2023 forecast reveals a <a href="https://www.ers.usda.gov/data-products/food-price-outlook/summary-findings/">5.8% annual increase in overall food prices</a>, with food-away-from-home prices predicted to rise by 7.1%. Moreover, food prices are expected to rise by 1.2% overall, including a 4.9% increase for food-away-from-home prices.
Contrarily, the U.S. food service industry is poised for substantial growth, rebounding from pandemic setbacks, with anticipated positive trends in various sectors and channels, including increased consumer engagement through leisure and innovative food service-retail partnerships.
The global food service market is projected to reach a valuation of $2.65 trillion in 2023 and is expected to expand at a <a href="https://www.globenewswire.com/news-release/2023/06/20/2690797/0/en/Food-Service-Market-to-Reach-USD-5-423-59-Billion-by-2030-At-a-CAGR-of-10-79.html">CAGR of 10.8%</a> to reach $5.42 trillion by 2030.
In addition, the global food processing and handling equipment market is experiencing robust growth, attributed to a surge in demand for prepared foods, technological advancements, and the presence of investment prospects. The food processing market is estimated to grow at a CAGR of 11.8% and <a href="https://www.marketresearchfuture.com/reports/food-processing-market-8588">reach $400.43 billion</a> by 2030.
Furthermore, the expansion of the U.S. organic food and beverages market is propelled by growing consumer awareness of health benefits, changing purchasing behavior, and the rising popularity of non-GMO products. Increased accessibility in mainstream outlets and the alignment with environmental sustainability further contribute to market growth.
The global organic food and beverages market is expected to grow at a <a href="https://www.grandviewresearch.com/industry-analysis/organic-foods-beverages-market">CAGR of 11.7%</a> from 2023 to 2030.
Considering these conducive trends, let's examine the fundamentals of three <a href="https://stocknews.com/category/food-makers/">Food Makers</a> stock picks, beginning with the third choice.
Stock #3: Danone S.A. (<a href="https://stocknews.com/stock/DANOY/">DANOY</a>)
Based in Paris, France, DANOY is a global food and beverage company known for dairy, plant-based products, specialized nutrition, and bottled water under popular brands. It operates in various segments and distributes its products through retail, convenience stores, healthcare, and e-commerce.
DANOY's trailing-12-month gross profit margin of 46.51% is 37.2% higher than the industry average of 33.89%. Its 12.29% trailing-12-month EBIT margin is 45.9% higher than the 8.43% industry average.
In the six months ended June 30, 2023, DANOY reported <a href="https://www.investopedia.com/terms/s/sale.asp">sales</a> and operating income of €14.17 billion ($15.62 billion) and €1.68 billion ($1.85 billion), up 6.3% and 21.8% year-over-year, respectively. The company's net income and EPS grew 45.9% and 49.1% from the previous-year period to €1.13 billion ($1.24 billion) and €1.70, respectively.
Street expects DANOY's revenue and EPS to grow 4.1% and 1.9% year-over-year to $30.54 billion and $0.74, respectively, for the fiscal year ending December 2023. The company surpassed the revenue estimates in each of the trailing four quarters, which is impressive.
DANOY's shares have gained 22% over the past year and 22.3% year-to-date to close the last trading session at $12.86.
DANOY's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its positive prospects. The stock has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
DANOY has an A grade for Stability and a B for Growth. Within the <a href="https://stocknews.com/category/food-makers/">Food Makers</a> industry, it is ranked #10 among 79 stocks.
In addition to the POWR Ratings stated above, one can access DANOY's additional Value, Momentum, Sentiment, and Quality ratings <a href="https://stocknews.com/stock/DANOY/">here</a>.
Stock #2: Tate &amp; Lyle plc (<a href="https://stocknews.com/stock/TATYY/">TATYY</a>)
Headquartered in London, the United Kingdom, TATYY offers food and beverage solutions globally through three segments: Food &amp; Beverage Solutions; Sucralose; and Primary Products. The company provides a range of ingredients, including dairy products, sweeteners, fibers, and industrial starches.
On December 20, TATYY renewed its third-year partnership with the China Foundation for Rural Development, focusing on improving children's diets and providing nutrition education in Yunnan and Guizhou provinces.
The initiative includes supplying snacks, installing kitchen equipment, and collaborating with Chinese authorities. Since 2021, it has benefited over 3,000 children in 11 schools.
TATYY's trailing-12-month gross profit margin of 50.20% is 48.1% higher than the industry average of 33.89%. Its 13.02% trailing-12-month EBIT margin is 54.5% higher than the 8.43% industry average.
During the six months that ended September 30, 2023, TATYY's revenue increased marginally from the prior-year period to £857 million ($1.09 billion). The company reported adjusted EBITDA of £178 million ($226.17 million), up 3.5% year-over-year. Its adjusted operating profit and EPS grew 4.4% and 15.3% year-over-year to £143 million ($181.70 million) and £30.1, respectively.
TATYY's revenue is expected to grow 3.1% year-over-year to $2.22 billion for the fiscal year ending March 2024.
TATYY's shares increased 10.4% over the past month to close the last trading session at $34.21.
TATYY's POWR Ratings reflect this sound outlook. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
The stock has a B grade for Stability, Sentiment, and Quality. Within the same industry, it is ranked #7.
Click <a href="https://stocknews.com/stock/TATYY/">here</a> for TATYY's additional Growth, Value, and Momentum ratings.
Stock #1: Ingredion Incorporated (<a href="https://stocknews.com/stock/INGR/">INGR</a>)
INGR produces and sells sweeteners, starches, and nutrition ingredients derived from corn for various industries globally. Their products include starches for processed foods, industrial applications, and specialty paper, as well as sweeteners like glucose syrups and high fructose corn syrup for food and beverages.
On November 13, INGR entered a definitive agreement to divest its South Korean business, aiming to sharpen customer focus and pursue global growth opportunities as part of its business transformation strategy. The transaction is set to conclude in the first quarter of 2024, subject to regulatory approvals and customary closing conditions.
INCY's trailing-12-month EBIT margin of 11.12% is 32% higher than the industry average of 8.43%. Its 13.80% trailing-12-month EBITDA margin is 22.5% higher than the 11.26% industry average.
In the third quarter, which ended September 30, 2023, INGR's net sales grew marginally year-over-year to $2.03 billion. The company's adjusted operating income increased 14.7% from the previous-year quarter to $219 million. Moreover, its EPS grew 34.7% from the prior-year quarter to $2.33. 
The company expects its outlook for full-year 2023 adjusted EPS to be in the range of $9.05 to $9.45.
Analysts expect INGR's revenue and EPS to grow 5.2% and 12.1% year-over-year to $2.09 billion and $1.85 for the fourth quarter ending December 2023, respectively. The company surpassed the EPS estimates in three of the trailing four quarters.
The stock has gained 11.7% over the past nine months and 11.5% year-to-date to close the last trading session at $109.19.
INGR's optimistic outlook is reflected in its POWR Ratings. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
It has an A grade for Sentiment and a B for Value and Stability. Within the same industry, it is ranked #6.
To see INCY's additional POWR Ratings for Growth, Momentum, and Quality, click <a href="https://stocknews.com/stock/INGR/">here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
DANOY shares were trading at $12.93 per share on Wednesday afternoon, up $0.07 (+0.54%). Year-to-date, DANOY has gained 26.22%, versus a 26.35% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Kritika Sarmah</h2> <img src='https:/wp-content/uploads/2022/08/Kritika-Sarmah_Image-3.jpg' style="float:left; padding:5px;width:125px;">Her interest in risky instruments and passion for writing made Kritika an analyst and financial journalist. She earned her bachelor's degree in commerce and is currently pursuing the CFA program. With her fundamental approach, she aims to help investors identify untapped investment opportunities.<a href="https://stocknews.com/authors/?author=kritika-sarmah">More...</a>The post <a href=https://stocknews.com/news/danoy-ingr-tatyy-3-food-maker-stock-buys-for-year-end-success/>3 Food Maker Stock Buys for Year-End Success</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Food Maker Stock Buys for Year-End Success