13 Cheap Mid-Cap Stocks to Add to Your Portfolio

11. Ingredion Incorporated (NYSE:INGR)

Market Cap: $8.83 billion

Forward P/E: 12.35

Number of Hedge Fund Holders: 36

Ingredion Incorporated (NYSE:INGR) is one of the 13 Cheap Mid-Cap Stocks to Add to Your Portfolio. On June 18, Univar Solutions Belgium N.V. announced the expansion of a partnership between its Foodology by Univar Solutions business and Ingredion Incorporated (NYSE:INGR) for distribution in the Benelux region. Univar Solutions is a leading provider of global solutions for specialty chemicals and ingredients, while Ingredion Incorporated (NYSE:INGR) is a global provider of ingredients for the beverage and food industries.

According to the announcement, the distribution expansion would be effective October 1 and is expected to bring in a comprehensive list of clean label and plant-based products, including plant-based proteins, the innovative Novation® range of functional native starches, and more, in response to the rising consumer demand for sugar reduction and clean label ingredients.

Ingredion Incorporated (NYSE:INGR) is a global ingredients solutions provider that transforms fruits, vegetables, grains, and other plant-based materials into value-added ingredient solutions for several markets, including food, beverage, animal nutrition, brewing, and industrial markets. The company’s products are primarily derived from the processing of corn and other starch-based materials, including rice, potato, and tapioca. It operates through four segments: North America, South America, Asia-Pacific, and Europe, Middle East and Africa (EMEA).