Several brokerages have updated their recommendations and price targets on shares of Ingredion (NYSE: INGR) in the last few weeks:

  • 9/14/2017 – Ingredion was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $139.00 price target on the stock. According to Zacks, “Ingredion Incorporated is an ingredients solutions provider specializing in nature-based sweeteners, starches and nutrition ingredients. The Company serves diverse sectors in food, beverage, brewing, pharmaceuticals and other industries. Its sweetener products include dextrose, glucose, polyols, HFCS and Maltodextrin. The Company’s nutrition solutions include prebiotic fibers, resistant starch, soluble fibers and Inulin fibers. Its starch-based products include both industrial and food-grade starches. Ingredion Incorporated, formerly known as Corn Products International, Inc., is headquartered in Chicago. “
  • 9/13/2017 – Ingredion was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Ingredion Incorporated is an ingredients solutions provider specializing in nature-based sweeteners, starches and nutrition ingredients. The Company serves diverse sectors in food, beverage, brewing, pharmaceuticals and other industries. Its sweetener products include dextrose, glucose, polyols, HFCS and Maltodextrin. The Company’s nutrition solutions include prebiotic fibers, resistant starch, soluble fibers and Inulin fibers. Its starch-based products include both industrial and food-grade starches. Ingredion Incorporated, formerly known as Corn Products International, Inc., is headquartered in Chicago. “
  • 9/6/2017 – Ingredion was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $139.00 price target on the stock. According to Zacks, “Ingredion Incorporated is an ingredients solutions provider specializing in nature-based sweeteners, starches and nutrition ingredients. The Company serves diverse sectors in food, beverage, brewing, pharmaceuticals and other industries. Its sweetener products include dextrose, glucose, polyols, HFCS and Maltodextrin. The Company’s nutrition solutions include prebiotic fibers, resistant starch, soluble fibers and Inulin fibers. Its starch-based products include both industrial and food-grade starches. Ingredion Incorporated, formerly known as Corn Products International, Inc., is headquartered in Chicago. “
  • 9/1/2017 – Ingredion was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Ingredion Incorporated is an ingredients solutions provider specializing in nature-based sweeteners, starches and nutrition ingredients. The Company serves diverse sectors in food, beverage, brewing, pharmaceuticals and other industries. Its sweetener products include dextrose, glucose, polyols, HFCS and Maltodextrin. The Company’s nutrition solutions include prebiotic fibers, resistant starch, soluble fibers and Inulin fibers. Its starch-based products include both industrial and food-grade starches. Ingredion Incorporated, formerly known as Corn Products International, Inc., is headquartered in Chicago. “
  • 8/16/2017 – Ingredion was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 8/9/2017 – Ingredion was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 8/4/2017 – Ingredion was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $137.00 price target on the stock. According to Zacks, “Ingredion Incorporated is an ingredients solutions provider specializing in nature-based sweeteners, starches and nutrition ingredients. The Company serves diverse sectors in food, beverage, brewing, pharmaceuticals and other industries. Its sweetener products include dextrose, glucose, polyols, HFCS and Maltodextrin. The Company’s nutrition solutions include prebiotic fibers, resistant starch, soluble fibers and Inulin fibers. Its starch-based products include both industrial and food-grade starches. Ingredion Incorporated, formerly known as Corn Products International, Inc., is headquartered in Chicago. “

Ingredion Incorporated (NYSE:INGR) traded down 1.02% during mid-day trading on Wednesday, reaching $121.14. 150,075 shares of the company’s stock traded hands. Ingredion Incorporated has a 12 month low of $113.07 and a 12 month high of $137.62. The stock has a market cap of $8.69 billion, a P/E ratio of 18.22 and a beta of 0.60. The company has a 50 day moving average price of $123.42 and a 200-day moving average price of $120.33.

Ingredion (NYSE:INGR) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.03. Ingredion had a return on equity of 20.84% and a net margin of 8.35%. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the business earned $1.53 EPS. The business’s revenue was up .1% on a year-over-year basis. On average, analysts anticipate that Ingredion Incorporated will post $7.61 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Monday, October 2nd will be paid a dividend of $0.60 per share. The ex-dividend date is Friday, September 29th. This is a boost from Ingredion’s previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a yield of 1.96%. Ingredion’s dividend payout ratio (DPR) is 30.08%.

In other Ingredion news, VP James P. Zallie sold 21,862 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $125.04, for a total transaction of $2,733,624.48. Following the transaction, the vice president now directly owns 29,306 shares in the company, valued at approximately $3,664,422.24. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP James P. Zallie sold 27,972 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $125.39, for a total value of $3,507,409.08. Following the transaction, the vice president now owns 29,429 shares in the company, valued at $3,690,102.31. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,882 shares of company stock worth $6,622,034. Company insiders own 1.92% of the company’s stock.

Ingredion Incorporated is an ingredients solutions provider. The Company manufactures and sells sweetener, starches, nutrition ingredients and biomaterial solutions derived from the wet milling and processing of corn and other starch-based materials to a range of industries, both domestically and internationally.

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