5 Best Sugar Stocks to Buy Now

4. Ingredion Incorporated (NYSE: INGR)

Number of Hedge Fund Holders: 21

Ingredion Incorporated (NYSE: INGR) stands fourth on our list of the best sugar stocks to buy now. It is an American ingredient provider which manufactures modified starches and starch sugars, such as glucose syrup and high fructose syrup. Along with this, the company also produces in-demand sweeteners, high potency sweeteners, and alternative sweeteners. The sweeteners produced by Ingredion Incorporated (NYSE: INGR) complies with its comprehensive sugar-reduction portfolio, made to cater to health-conscious consumers.

In Q2 2021, Ingredion Incorporated (NYSE: INGR) reported an EPS of $2.05, beating the consensus by $0.46. The revenue for the quarter stood at $1.76 billion, up 30.4% from the prior-year quarter. In May, Ingredion Incorporated (NYSE: INGR) signed an agreement with Amyris, Inc. (NASDAQ: AMRS) for producing zero-calorie and nature-based sweeteners. In FY21, Ingredion Incorporated (NYSE: INGR) expects adjusted EPS in the range of $6.45-$6.85 versus the estimates of $6.58. In May, Stephens rated Ingredion Incorporated (NYSE: INGR) as ‘Equal Weight’, with a $100 price target.

Of the 873 hedge funds tracked by Insider Monkey, 21 hedge funds have positions in Ingredion Incorporated (NYSE: INGR), worth $383.5 million. Yacktman Asset Management is the company’s largest shareholder with 2.6 million shares, worth $238 million.