Ingredion Incorporated (NYSE:INGR) Receives Consensus Rating of “Hold” from Analysts

Shares of Ingredion Incorporated (NYSE:INGR) have received an average rating of “Hold” from the seven brokerages that are covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $124.3333.

A number of research firms have commented on INGR. Stephens reduced their price objective on shares of Ingredion from $140.00 to $120.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 5th. Zacks Research upgraded shares of Ingredion from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Wall Street Zen downgraded shares of Ingredion from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. UBS Group lowered their price objective on shares of Ingredion from $130.00 to $119.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. Finally, Oppenheimer set a $136.00 target price on Ingredion in a report on Wednesday, October 22nd.

Ingredion Stock Performance

Shares of NYSE INGR opened at $110.25 on Friday. The stock’s fifty day simple moving average is $109.97 and its 200 day simple moving average is $122.00. The stock has a market capitalization of $7.00 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 0.90 and a beta of 0.72. The company has a quick ratio of 1.79, a current ratio of 2.75 and a debt-to-equity ratio of 0.41. Ingredion has a 52-week low of $102.31 and a 52-week high of $141.78.

Ingredion (NYSE:INGR) last announced its earnings results on Tuesday, November 4th. The company reported $2.75 EPS for the quarter, beating the consensus estimate of $2.73 by $0.02. Ingredion had a return on equity of 18.14% and a net margin of 9.07%.The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.90 billion. Ingredion has set its FY 2025 guidance at 11.100-11.300 EPS. As a group, sell-side analysts forecast that Ingredion will post 11.14 earnings per share for the current fiscal year.

Ingredion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 20th. Investors of record on Friday, January 2nd will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, January 2nd. Ingredion’s dividend payout ratio is currently 32.70%.

Hedge Funds Weigh In On Ingredion

Large investors have recently made changes to their positions in the business. AQR Capital Management LLC boosted its holdings in shares of Ingredion by 143.1% during the third quarter. AQR Capital Management LLC now owns 1,191,118 shares of the company’s stock worth $144,685,000 after purchasing an additional 701,063 shares during the period. Norges Bank acquired a new stake in shares of Ingredion during the 2nd quarter valued at $82,779,000. Millennium Management LLC boosted its stake in shares of Ingredion by 1,093.5% during the 1st quarter. Millennium Management LLC now owns 365,693 shares of the company’s stock valued at $49,445,000 after buying an additional 335,052 shares during the period. Nordea Investment Management AB grew its holdings in shares of Ingredion by 66.3% during the 2nd quarter. Nordea Investment Management AB now owns 722,933 shares of the company’s stock valued at $97,531,000 after acquiring an additional 288,201 shares in the last quarter. Finally, Snyder Capital Management L P increased its stake in shares of Ingredion by 22.0% in the third quarter. Snyder Capital Management L P now owns 1,323,847 shares of the company’s stock worth $161,655,000 after acquiring an additional 238,420 shares during the last quarter. Institutional investors and hedge funds own 85.27% of the company’s stock.

About Ingredion

Ingredion Incorporated is a global ingredient solutions company specializing in the production and sale of starches, sweeteners, nutrition ingredients and biomaterials derived primarily from corn and other plant-based raw materials. The company serves a diverse set of industries, including food and beverage, brewing, pharmaceuticals and personal care, providing functional ingredients that enhance texture, stability, flavor and nutritional value in a wide array of end products.

The company’s product portfolio comprises native and modified starches, high-fructose corn syrup, dextrose, maltodextrins, specialty sweeteners and various texturizers.