Ingredion Incorporated (NYSE:INGR) Given Average Recommendation of “Hold” by Brokerages

Ingredion Incorporated (NYSE:INGR) has been assigned a consensus rating of “Hold” from the nine brokerages that are covering the firm, MarketBeat reports. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $122.4286.

A number of analysts have recently weighed in on the stock. Weiss Ratings cut shares of Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. Zacks Research raised shares of Ingredion from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Barclays decreased their price target on shares of Ingredion from $128.00 to $120.00 and set an “equal weight” rating for the company in a report on Wednesday, May 6th. UBS Group reaffirmed a “neutral” rating and issued a $114.00 price target on shares of Ingredion in a research report on Thursday, May 7th. Finally, Benchmark reiterated a “buy” rating on shares of Ingredion in a research note on Tuesday, June 9th.

Ingredion Stock Performance

Shares of NYSE INGR opened at $102.57 on Tuesday. The business’s 50-day simple moving average is $100.22 and its 200-day simple moving average is $109.12. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.83 and a current ratio of 2.76. Ingredion has a 52 week low of $94.44 and a 52 week high of $135.68. The firm has a market cap of $6.47 billion, a price-to-earnings ratio of 9.88, a P/E/G ratio of 0.86 and a beta of 0.62.

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

Ingredion Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Wednesday, July 1st will be issued a $0.82 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $3.28 dividend on an annualized basis and a yield of 3.2%. Ingredion’s dividend payout ratio (DPR) is 31.60%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Wedge Capital Management L L P NC boosted its position in shares of Ingredion by 5.2% in the second quarter. Wedge Capital Management L L P NC now owns 69,014 shares of the company’s stock valued at $6,536,000 after acquiring an additional 3,399 shares during the period. Inspirion Wealth Advisors LLC bought a new position in Ingredion during the second quarter worth $220,000. GAMMA Investing LLC increased its position in Ingredion by 39.8% during the second quarter. GAMMA Investing LLC now owns 2,373 shares of the company’s stock worth $225,000 after acquiring an additional 675 shares during the period. Redwood Investment Management LLC acquired a new position in Ingredion during the 1st quarter valued at $1,037,000. Finally, CoreFirst Bank & Trust raised its stake in Ingredion by 122.8% during the 1st quarter. CoreFirst Bank & Trust now owns 1,125 shares of the company’s stock valued at $127,000 after purchasing an additional 620 shares during the last quarter. 85.27% of the stock is currently owned by institutional investors and hedge funds.

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.