Ingredion Incorporated (NYSE:INGR) Receives Average Recommendation of “Hold” from Brokerages

Ingredion Incorporated (NYSE:INGR) has been assigned an average rating of “Hold” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $124.3333.

INGR has been the subject of a number of research analyst reports. UBS Group lowered their price target on Ingredion from $130.00 to $119.00 and set a “neutral” rating for the company in a report on Wednesday, November 5th. Oppenheimer set a $136.00 target price on shares of Ingredion in a research note on Wednesday, October 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Ingredion in a research report on Monday, December 29th. Stephens lowered 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 report on Wednesday, November 5th. Finally, Zacks Research upgraded Ingredion from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd.

Ingredion Price Performance

Shares of INGR stock opened at $116.78 on Tuesday. The firm has a market cap of $7.42 billion, a P/E ratio of 11.64, a P/E/G ratio of 0.93 and a beta of 0.72. The firm has a fifty day moving average of $110.88 and a two-hundred day moving average of $119.05. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.75 and a quick ratio of 1.79. Ingredion has a 1-year low of $102.31 and a 1-year high of $141.78.

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

Ingredion Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Friday, January 2nd were given a dividend of $0.82 per share. The ex-dividend date was Friday, January 2nd. This represents a $3.28 dividend on an annualized basis and a yield of 2.8%. Ingredion’s payout ratio is currently 32.70%.

Institutional Investors Weigh In On Ingredion

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Ingredion by 0.3% in the second quarter. Vanguard Group Inc. now owns 7,266,873 shares of the company’s stock valued at $985,533,000 after purchasing an additional 22,487 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Ingredion by 4.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,762,402 shares of the company’s stock valued at $337,311,000 after buying an additional 114,521 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Ingredion by 2.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,369,448 shares of the company’s stock valued at $167,223,000 after buying an additional 29,433 shares during the period. Snyder Capital Management L P boosted its position in Ingredion by 22.0% during the 3rd quarter. Snyder Capital Management L P now owns 1,323,847 shares of the company’s stock valued at $161,655,000 after buying an additional 238,420 shares during the period. Finally, AQR Capital Management LLC grew its holdings in Ingredion by 143.1% in the 3rd quarter. AQR Capital Management LLC now owns 1,191,118 shares of the company’s stock worth $144,685,000 after acquiring an additional 701,063 shares during the last quarter. 85.27% of the stock is currently owned by institutional investors.

Ingredion Company Profile

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.