Ingredion (NYSE:INGR) Sets New 12-Month Low After Analyst Downgrade

Ingredion Incorporated (NYSE:INGRGet Free Report)’s stock price reached a new 52-week low during mid-day trading on Tuesday after Zacks Research downgraded the stock from a hold rating to a strong sell rating. The stock traded as low as $99.75 and last traded at $101.75, with a volume of 37232 shares. The stock had previously closed at $101.42.

Several other research analysts have also recently issued reports on INGR. Oppenheimer cut their price objective on Ingredion from $130.00 to $126.00 and set an “outperform” rating for the company in a research report on Wednesday, April 22nd. Stephens reiterated an “equal weight” rating and issued a $120.00 price objective on shares of Ingredion in a research report on Wednesday, February 4th. UBS Group reissued a “neutral” rating and issued a $114.00 target price on shares of Ingredion in a report on Thursday, May 7th. Barclays lowered their target price on Ingredion from $128.00 to $120.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Ingredion in a report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Ingredion has an average rating of “Hold” and a consensus price target of $122.43.

Read Our Latest Analysis on INGR

Insiders Place Their Bets

In other Ingredion news, VP Davida Marie Gable sold 375 shares of the business’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $112.44, for a total value of $42,165.00. Following the completion of the transaction, the vice president directly owned 7,110 shares in the company, valued at approximately $799,448.40. The trade was a 5.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.60% of the company’s stock.

Institutional Trading of Ingredion

Hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its position in Ingredion by 10.3% during the 1st quarter. Bank of America Corp DE now owns 501,948 shares of the company’s stock worth $56,549,000 after purchasing an additional 47,057 shares in the last quarter. Edgestream Partners L.P. raised its holdings in shares of Ingredion by 615.9% during the 1st quarter. Edgestream Partners L.P. now owns 70,654 shares of the company’s stock valued at $7,960,000 after buying an additional 60,785 shares during the period. Janus Henderson Group PLC increased its holdings in Ingredion by 5.2% during the 1st quarter. Janus Henderson Group PLC now owns 29,562 shares of the company’s stock worth $3,329,000 after purchasing an additional 1,468 shares during the last quarter. Bull Harbor Capital LLC purchased a new position in shares of Ingredion during the 1st quarter valued at approximately $273,000. Finally, Strategic Investment Advisors MI purchased a new position in shares of Ingredion during the 1st quarter valued at approximately $585,000. 85.27% of the stock is owned by institutional investors and hedge funds.

Ingredion Stock Performance

The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.83 and a current ratio of 2.76. The company has a market capitalization of $6.34 billion, a PE ratio of 9.69, a PEG ratio of 0.84 and a beta of 0.64. The company has a 50 day moving average price of $110.60 and a 200 day moving average price of $111.95.

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

Ingredion Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 21st. Investors of record on Wednesday, April 1st were given a dividend of $0.82 per share. The ex-dividend date was Wednesday, April 1st. This represents a $3.28 dividend on an annualized basis and a yield of 3.3%. Ingredion’s payout ratio is currently 31.60%.

About Ingredion

(Get Free Report)

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.

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