Shares of Ingredion Incorporated (NYSE:INGR – Get Free Report) reached a new 52-week low on Thursday. The company traded as low as $94.03 and last traded at $94.1370, with a volume of 95562 shares trading hands. The stock had previously closed at $95.81.
Analysts Set New Price Targets
Several equities research analysts have recently commented on INGR shares. Benchmark restated a “buy” rating on shares of Ingredion in a report on Tuesday, June 9th. Barclays cut their target price on Ingredion from $120.00 to $118.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 5th. Weiss Ratings raised shares of Ingredion from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, September 22nd. UBS Group lifted their price objective on shares of Ingredion from $104.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Finally, Oppenheimer downgraded shares of Ingredion from an “outperform” rating to a “market perform” rating in a research note on Monday, June 8th. One research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Ingredion currently has an average rating of “Hold” and an average target price of $121.29.
Get Our Latest Stock Analysis on Ingredion
Ingredion Price Performance
Ingredion (NYSE:INGR – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.71 by $0.11. Ingredion had a net margin of 8.21% and a return on equity of 15.40%. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same period in the previous year, the company earned $2.87 earnings per share. The business’s quarterly revenue was up .9% compared to the same quarter last year. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. Equities research analysts anticipate that Ingredion Incorporated will post 10.76 EPS for the current fiscal year.
Ingredion Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 20th. Shareholders of record on Thursday, October 1st will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 3.5%. The ex-dividend date is Thursday, October 1st. This is a positive change from Ingredion’s previous quarterly dividend of $0.82. Ingredion’s dividend payout ratio (DPR) is presently 35.77%.
Insider Buying and Selling at Ingredion
In related news, Director David Fischer sold 1,662 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $102.31, for a total transaction of $170,039.22. Following the completion of the transaction, the director owned 19,930 shares of the company’s stock, valued at $2,039,038.30. This trade represents a 7.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.60% of the stock is owned by insiders.
Hedge Funds Weigh In On Ingredion
Several institutional investors and hedge funds have recently modified their holdings of the stock. Amundi boosted its holdings in Ingredion by 19.4% during the first quarter. Amundi now owns 142,282 shares of the company’s stock worth $16,029,000 after buying an additional 23,122 shares in the last quarter. Hsbc Holdings PLC purchased a new position in Ingredion in the second quarter valued at $1,355,000. ING Groep NV purchased a new position in Ingredion in the fourth quarter valued at $6,825,000. Landscape Capital Management L.L.C. acquired a new position in shares of Ingredion in the second quarter worth about $479,000. Finally, Norges Bank acquired a new position in shares of Ingredion in the fourth quarter worth about $85,310,000. Institutional investors and hedge funds own 85.27% of the company’s stock.
Ingredion Company Profile
Ingredion Incorporated (NYSE: INGR) is a global ingredient solutions company that develops and produces plant-based ingredients for food, beverage, animal nutrition, brewing, and industrial applications. Its portfolio includes sweeteners, starches, fibers, texturizers, nutrition ingredients, and other specialty solutions designed to improve taste, texture, stability, nutrition, and functionality.
The company processes plant-based raw materials, including corn, tapioca, potato, rice, and stevia, into ingredients used in products such as baked goods, dairy and plant-based foods, beverages, confectionery, sauces, and personal care products.
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