Ingredion Incorporated (NYSE:INGR) Given Consensus Rating of “Hold” by Brokerages

Ingredion Incorporated (NYSE:INGR) has earned an average rating of “Hold” from the nine research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $122.4286.

A number of equities analysts have issued reports on INGR shares. Stephens reiterated an “equal weight” rating and set a $120.00 price target on shares of Ingredion in a research note on Wednesday, February 4th. Zacks Research downgraded Ingredion from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Ingredion in a research report on Wednesday, February 4th. Barclays decreased their price target on Ingredion from $128.00 to $120.00 and set an “equal weight” rating for the company in a report on Wednesday, May 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ingredion in a research report on Friday, March 27th.

Ingredion Stock Up 0.3%

Ingredion stock opened at $101.74 on Monday. The firm has a market capitalization of $6.42 billion, a price-to-earnings ratio of 9.80, a price-to-earnings-growth ratio of 0.85 and a beta of 0.60. The firm’s fifty day moving average price is $109.30 and its two-hundred day moving average price is $111.61. Ingredion has a 1-year low of $98.29 and a 1-year high of $140.47. The company has a current ratio of 2.76, a quick ratio of 1.83 and a debt-to-equity ratio of 0.40.

Ingredion (NYSE:INGR) last posted its earnings results on Tuesday, May 5th. The company reported $2.34 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.10). Ingredion had a return on equity of 15.86% and a net margin of 9.36%.The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the previous year, the firm earned $2.97 earnings per share. The company’s revenue was down 1.2% on a year-over-year basis. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. On average, equities research analysts predict that Ingredion will post 10.88 earnings per share for the current fiscal year.

Ingredion Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Wednesday, July 1st will be paid a $0.82 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $3.28 annualized dividend and a dividend yield of 3.2%. Ingredion’s dividend payout ratio is presently 31.60%.

Insider Activity at Ingredion

In related news, VP Davida Marie Gable sold 375 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $112.44, for a total transaction of $42,165.00. Following the transaction, the vice president directly owned 7,110 shares of the company’s stock, valued at $799,448.40. This trade represents a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fifth Third Wealth Advisors LLC increased its stake in Ingredion by 4.1% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,221 shares of the company’s stock valued at $250,000 after buying an additional 88 shares during the last quarter. Vista Investment Management lifted its position in shares of Ingredion by 0.8% during the 2nd quarter. Vista Investment Management now owns 10,789 shares of the company’s stock worth $1,463,000 after buying an additional 89 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Ingredion by 0.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 25,293 shares of the company’s stock worth $2,789,000 after buying an additional 91 shares during the last quarter. Teza Capital Management LLC boosted its stake in shares of Ingredion by 4.2% in the 2nd quarter. Teza Capital Management LLC now owns 2,275 shares of the company’s stock worth $309,000 after buying an additional 92 shares during the last quarter. Finally, Truist Financial Corp grew its holdings in shares of Ingredion by 1.8% in the third quarter. Truist Financial Corp now owns 5,318 shares of the company’s stock valued at $649,000 after acquiring an additional 93 shares in the last quarter. 85.27% of the stock is currently owned by hedge funds and other 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.