Several analysts have recently updated their ratings and price targets for Ingredion (NYSE: INGR):

  • 10/4/2017 – 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. “
  • 9/29/2017 – Ingredion had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $125.00 price target on the stock.
  • 9/27/2017 – Ingredion was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. They now have a $135.00 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. “
  • 9/22/2017 – Ingredion was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/21/2017 – Ingredion was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $135.00 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. “
  • 9/14/2017 – 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.

Ingredion Incorporated (NYSE:INGR) opened at 123.05 on Wednesday. The firm has a market cap of $8.83 billion, a PE ratio of 18.51 and a beta of 0.59. The company has a 50-day moving average price of $122.94 and a 200-day moving average price of $120.39. Ingredion Incorporated has a one year low of $113.07 and a one year high of $137.62.

Ingredion (NYSE:INGR) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $1.89 EPS for the quarter, beating the Zacks’ consensus estimate of $1.86 by $0.03. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.50 billion. Ingredion had a net margin of 8.35% and a return on equity of 20.84%. The firm’s revenue was up .1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.53 earnings per share. Equities analysts predict that Ingredion Incorporated will post $7.60 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Monday, October 2nd will be given a $0.60 dividend. This is an increase from Ingredion’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, September 29th. This represents a $2.40 dividend on an annualized basis and a yield of 1.95%. Ingredion’s dividend payout ratio is presently 36.09%.

In other news, VP James P. Zallie sold 21,862 shares of the firm’s stock in a transaction dated 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 completion of the sale, the vice president now directly owns 29,306 shares of the company’s stock, valued at approximately $3,664,422.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP James P. Zallie sold 27,972 shares of the firm’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $125.39, for a total value of $3,507,409.08. Following the sale, the vice president now directly owns 29,429 shares of the company’s stock, valued at $3,690,102.31. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,882 shares of company stock valued at $6,622,034. 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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