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

Ingredion Incorporated (NYSE:INGR) has earned an average recommendation of “Hold” from the nine analysts that are currently covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $126.1429.

INGR has been the subject of a number of recent research reports. Benchmark started coverage on Ingredion in a research note on Tuesday, March 17th. They issued a “buy” rating and a $130.00 target price for the company. Stephens restated an “equal weight” rating and set a $120.00 price objective on shares of Ingredion in a research report on Wednesday, February 4th. Wall Street Zen lowered shares of Ingredion from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. UBS Group reduced their price target on shares of Ingredion from $124.00 to $122.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Ingredion in a research report on Wednesday, February 4th.

Ingredion Stock Up 1.3%

Shares of NYSE INGR opened at $115.29 on Friday. Ingredion has a 12-month low of $102.31 and a 12-month high of $141.78. The stock has a market cap of $7.27 billion, a PE ratio of 10.33, a P/E/G ratio of 0.90 and a beta of 0.70. The company has a current ratio of 2.66, a quick ratio of 1.73 and a debt-to-equity ratio of 0.41. The company has a 50-day moving average of $114.21 and a 200 day moving average of $113.71.

Ingredion (NYSE:INGR) last released its earnings results on Tuesday, February 3rd. The company reported $2.53 earnings per share for the quarter, missing analysts’ consensus estimates of $2.59 by ($0.06). The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Ingredion had a return on equity of 17.32% and a net margin of 10.10%.The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period last year, the business earned $2.63 earnings per share. Ingredion has set its FY 2026 guidance at 11.000-11.8 EPS. As a group, sell-side analysts predict that Ingredion will post 11.14 EPS for the current fiscal year.

Ingredion Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 21st. Shareholders of record on Wednesday, April 1st will be given a $0.82 dividend. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $3.28 dividend on an annualized basis and a yield of 2.8%. Ingredion’s payout ratio is presently 29.39%.

Insider Transactions at Ingredion

In other news, CEO James P. Zallie sold 33,597 shares of the firm’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $119.66, for a total transaction of $4,020,217.02. Following the completion of the transaction, the chief executive officer directly owned 50,167 shares in the company, valued at $6,002,983.22. This trade represents a 40.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Davida Marie Gable sold 375 shares of the stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $112.44, for a total value of $42,165.00. Following the completion of the sale, the vice president owned 7,110 shares in the company, valued at approximately $799,448.40. The trade was a 5.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 48,686 shares of company stock worth $5,784,010 over the last ninety days. Company insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Ingredion

Several large investors have recently bought and sold shares of INGR. Massachusetts Financial Services Co. MA grew its holdings in shares of Ingredion by 2.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,369,448 shares of the company’s stock worth $167,223,000 after purchasing an additional 29,433 shares during the last quarter. Dover Advisors LLC purchased a new position in shares of Ingredion during the third quarter worth about $1,710,000. Oxbow Advisors LLC purchased a new position in shares of Ingredion during the third quarter worth about $2,784,000. Cooke & Bieler LP grew its holdings in shares of Ingredion by 16.0% during the third quarter. Cooke & Bieler LP now owns 903,346 shares of the company’s stock worth $110,308,000 after purchasing an additional 124,517 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd grew its holdings in shares of Ingredion by 479.3% during the third quarter. Y Intercept Hong Kong Ltd now owns 24,434 shares of the company’s stock worth $2,984,000 after purchasing an additional 20,216 shares during the last quarter. Hedge funds and other institutional investors 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.