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

Shares of Ingredion Incorporated (NYSE:INGR) have earned an average rating of “Hold” from the nine brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $122.4286.

Several brokerages have recently issued reports on INGR. Oppenheimer cut shares of Ingredion from an “outperform” rating to a “market perform” rating in a research report on Monday, June 8th. UBS Group reissued a “neutral” rating and set a $114.00 price target on shares of Ingredion in a research report on Thursday, May 7th. Barclays reduced their price target on shares of Ingredion from $128.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Ingredion in a research report on Friday, March 27th. Finally, Benchmark reissued a “buy” rating on shares of Ingredion in a research report on Tuesday, June 9th.

Ingredion Trading Down 1.4%

Shares of INGR stock opened at $96.73 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.76 and a quick ratio of 1.83. The firm has a market cap of $6.10 billion, a PE ratio of 9.32, a price-to-earnings-growth ratio of 0.82 and a beta of 0.60. The company has a 50-day moving average of $104.57 and a two-hundred day moving average of $110.57. Ingredion has a 1-year low of $96.57 and a 1-year high of $138.40.

Ingredion (NYSE:INGR) last announced 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 for the quarter, compared to analysts’ expectations of $1.79 billion. Ingredion had a return on equity of 15.86% and a net margin of 9.36%.The company’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period last year, the business earned $2.97 EPS. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. On average, analysts predict that Ingredion will post 10.88 EPS for the current year.

Ingredion Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Wednesday, July 1st will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Wednesday, July 1st. Ingredion’s dividend payout ratio is currently 31.60%.

Institutional Trading of Ingredion

Hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC acquired a new stake in shares of Ingredion during the fourth quarter worth about $30,000. GHP Investment Advisors Inc. acquired a new stake in shares of Ingredion during the first quarter worth about $33,000. Los Angeles Capital Management LLC acquired a new stake in shares of Ingredion during the fourth quarter worth about $36,000. Capital Advisors Ltd. LLC raised its holdings in Ingredion by 40.5% in the fourth quarter. Capital Advisors Ltd. LLC now owns 354 shares of the company’s stock valued at $39,000 after acquiring an additional 102 shares in the last quarter. Finally, Root Financial Partners LLC raised its holdings in Ingredion by 83.7% in the first quarter. Root Financial Partners LLC now owns 371 shares of the company’s stock valued at $42,000 after acquiring an additional 169 shares in the last quarter. Institutional investors and hedge funds own 85.27% of the company’s stock.

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.