Ingredion Incorporated (NYSE:INGR – Get Free Report)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $97.12 and last traded at $100.14, with a volume of 42152 shares traded. The stock had previously closed at $99.66.
Trending Headlines about Ingredion
Here are the key news stories impacting Ingredion this week:
- Positive Sentiment: Ingredion announced a recommended all-cash acquisition of Tate & Lyle for about $3.6 billion, a deal management says will expand its specialty ingredients platform, improve its capabilities in sugar reduction and fortification, and broaden its global supply network. Article Title
- Positive Sentiment: The Tate & Lyle deal positions Ingredion as a larger global specialty-ingredients supplier, which could support longer-term growth and improve its competitive positioning in higher-value food solutions. Article Title
- Neutral Sentiment: Several headlines and market commentary focused on the terms and structure of the Tate & Lyle transaction, including takeover speculation, M&A call coverage, and arbitrage discussions, keeping attention on the deal rather than on Ingredion’s core operating performance. Article Title
- Negative Sentiment: Sentiment may be tempered by a downgrade-related headline from Wall Street, and analysts’ views remain mixed, suggesting some investors are questioning near-term upside after the acquisition announcement. Article Title
Analysts Set New Price Targets
A number of analysts have issued reports on the company. Barclays decreased their target price on Ingredion from $128.00 to $120.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 6th. Benchmark reissued a “buy” rating on shares of Ingredion in a research report on Tuesday. Zacks Research downgraded Ingredion from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. UBS Group reissued a “neutral” rating and issued a $114.00 target price on shares of Ingredion in a research report on Thursday, May 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ingredion in a research report on Friday, March 27th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $122.43.
Ingredion Stock Performance
The company has a market capitalization of $6.37 billion, a PE ratio of 9.74, a PEG ratio of 0.84 and a beta of 0.60. The company has a quick ratio of 1.83, a current ratio of 2.76 and a debt-to-equity ratio of 0.40. The company has a 50-day moving average price of $108.11 and a two-hundred day moving average price of $111.30.
Ingredion (NYSE:INGR – Get Free Report) last announced its quarterly 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 analysts’ expectations of $1.79 billion. Ingredion had a net margin of 9.36% and a return on equity of 15.86%. Ingredion’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. Analysts predict that Ingredion Incorporated will post 10.88 EPS for the current fiscal year.
Ingredion Announces Dividend
The business 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 $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 payout ratio is 31.60%.
Insider Buying and Selling at Ingredion
In other news, VP Davida Marie Gable sold 375 shares of Ingredion 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.60% of the company’s stock.
Institutional Investors Weigh In On Ingredion
Large investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC bought a new stake in Ingredion during the fourth quarter valued at $30,000. GHP Investment Advisors Inc. bought a new stake in Ingredion during the first quarter valued at $33,000. Los Angeles Capital Management LLC bought a new stake in Ingredion during the fourth quarter valued at $36,000. Capital Advisors Ltd. LLC boosted its stake in Ingredion by 40.5% during the fourth quarter. Capital Advisors Ltd. LLC now owns 354 shares of the company’s stock valued at $39,000 after buying an additional 102 shares during the period. Finally, Root Financial Partners LLC boosted its stake in Ingredion by 83.7% during the first quarter. Root Financial Partners LLC now owns 371 shares of the company’s stock valued at $42,000 after buying an additional 169 shares during the period. 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.
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