Ingredion (NYSE:INGR) Reaches New 12-Month Low – Here’s What Happened

Ingredion Incorporated (NYSE:INGR – Get Free Report) reached a new 52-week low during mid-day trading on Friday. The stock traded as low as $93.97 and last traded at $94.1460, with a volume of 88013 shares trading hands. The stock had previously closed at $95.11.

Analysts Set New Price Targets

A number of research analysts recently weighed in on INGR shares. Barclays dropped their price target on shares of Ingredion from $120.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 5th. Weiss Ratings upgraded Ingredion from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, September 22nd. UBS Group cut their price target on shares of Ingredion from $108.00 to $104.00 and set a “neutral” rating for the company in a report on Monday. Finally, Zacks Research upgraded shares of Ingredion from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. One analyst has rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, Ingredion currently has an average rating of “Hold” and an average price target of $120.71.

Read Our Latest Analysis on Ingredion

Ingredion Price Performance

The firm’s 50-day moving average is $100.97 and its 200-day moving average is $103.36. The company has a market capitalization of $5.93 billion, a P/E ratio of 10.26, a price-to-earnings-growth ratio of 0.80 and a beta of 0.65. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.80 and a quick ratio of 1.92.

Ingredion (NYSE:INGR – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $2.82 EPS for the quarter, beating the consensus estimate of $2.71 by $0.11. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.83 billion. Ingredion had a return on equity of 15.40% and a net margin of 8.21%.The business’s revenue was up .9% on a year-over-year basis. During the same period in the previous year, the business earned $2.87 earnings per share. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. Analysts predict that Ingredion Incorporated will post 10.76 EPS for the current fiscal year.

Ingredion Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 20th. Investors of record on Thursday, October 1st will be paid a dividend of $0.83 per share. This is a boost from Ingredion’s previous quarterly dividend of $0.82. The ex-dividend date is Thursday, October 1st. This represents a $3.32 annualized dividend and a dividend yield of 3.5%. Ingredion’s dividend payout ratio (DPR) is presently 36.21%.

Insider Activity

In other Ingredion news, Director David Fischer sold 1,662 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $102.31, for a total transaction of $170,039.22. Following the sale, the director directly owned 19,930 shares of the company’s stock, valued at approximately $2,039,038.30. This trade represents a 7.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ingredion

Hedge funds and other institutional investors have recently bought and sold shares of the company. Elevation Wealth Partners LLC acquired a new position in Ingredion during the third quarter worth $32,000. GHP Investment Advisors Inc. purchased a new stake in Ingredion during the 1st quarter worth about $33,000. Bell Investment Advisors Inc acquired a new stake in Ingredion during the second quarter worth approximately $34,000. Root Financial Partners LLC grew its holdings in shares of Ingredion by 83.7% during the first quarter. Root Financial Partners LLC now owns 371 shares of the company’s stock worth $42,000 after purchasing an additional 169 shares during the last quarter. Finally, Continuum Advisory LLC purchased a new stake in Ingredion in the second quarter valued at approximately $43,000. 85.27% of the stock is currently owned by institutional investors and hedge funds.

About Ingredion

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Ingredion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ingredion and related companies with MarketBeat.com's FREE daily email newsletter.