5 Best Humane Stocks to Buy Now

2. Ingredion Inc. (NYSE:INGR)

Market Capitalization as of April 13: $6.95 billion
Number of Hedge Fund Holders: 28

Ingredion Inc. (NYSE:INGR), a global provider of specialty ingredient solutions to the food and beverage industry, is advancing its sustainability initiatives in the Asia Pacific region. The company is working towards aligning with the United Nations Sustainable Development Goals under the 2030 All Life plan, with the goal of having 99% of all crops and 100% of its Tier 1 crops sustainably sourced by 2025.

Ingredion Inc. (NYSE:INGR)’s Shandong South production facility in China sources non-GMO corn from local farmers to create corn-based native and modified starch products. Additionally, the company’s research into stevia shows it has the potential for sustainable sugar reduction. Ingredion Inc. (NYSE:INGR) will make available the environmental and human impact of 50 of its strategic growth platform ingredients to the industry via HowGood by the end of 2022.

On February 2, Credit Suisse raised Ingredion Inc. (NYSE: INGR)’s price target to $110 from $100 and retained a ‘Neutral’ rating. They noted significant improvement in the company’s execution and industry backdrop for sweeteners and starches after a period of volatility.

At the end of December 2022, 28 hedge funds in Insider Monkey’s database had stakes in Ingredion Inc. (NYSE:INGR), compared with 27 in the previous quarter. The consolidated value of these stakes is over $512.9 million. Yacktman Asset Management is Ingredion Inc. (NYSE:INGR)’s notable stakeholder in Q4 2022.

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