Ingredion Incorporated (NYSE:INGR) Given Consensus Recommendation of “Hold” by Analysts

Shares of Ingredion Incorporated (NYSE:INGR) have been assigned an average recommendation of “Hold” from the seven brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $143.40.

A number of analysts have commented on INGR shares. UBS Group reduced their target price on Ingredion from $144.00 to $130.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Weiss Ratings lowered Ingredion from a “buy (b)” rating to a “hold (c+)” rating in a report on Saturday. Oppenheimer set a $136.00 target price on Ingredion in a report on Wednesday. Wall Street Zen raised Ingredion from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Finally, Zacks Research lowered Ingredion from a “hold” rating to a “strong sell” rating in a report on Wednesday.

Ingredion Stock Down 0.9%

Ingredion stock opened at $118.16 on Friday. The firm has a market cap of $7.58 billion, a price-to-earnings ratio of 11.53, a PEG ratio of 0.97 and a beta of 0.74. The stock has a fifty day simple moving average of $123.87 and a two-hundred day simple moving average of $130.56. Ingredion has a 12 month low of $118.03 and a 12 month high of $155.44. The company has a current ratio of 2.78, a quick ratio of 1.81 and a debt-to-equity ratio of 0.41.

Ingredion (NYSE:INGR) last posted its earnings results on Friday, August 1st. The company reported $2.87 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.09. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.89 billion. Ingredion had a return on equity of 19.04% and a net margin of 9.24%.The company’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.87 EPS. Ingredion has set its FY 2025 guidance at 11.100-11.600 EPS. Equities analysts predict that Ingredion will post 11.14 EPS for the current fiscal year.

Ingredion Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Wednesday, October 1st were paid a $0.82 dividend. This is an increase from Ingredion’s previous quarterly dividend of $0.80. The ex-dividend date was Wednesday, October 1st. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.8%. Ingredion’s dividend payout ratio (DPR) is 32.00%.

Insiders Place Their Bets

In other news, SVP Larry Fernandes sold 850 shares of the firm’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $128.39, for a total value of $109,131.50. Following the transaction, the senior vice president directly owned 31,171 shares in the company, valued at $4,002,044.69. This trade represents a 2.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO James P. Zallie sold 36,287 shares of the firm’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $126.52, for a total value of $4,591,031.24. Following the completion of the transaction, the chief executive officer owned 50,129 shares in the company, valued at approximately $6,342,321.08. This trade represents a 41.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,137 shares of company stock worth $4,700,163. Company insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Ingredion

A number of institutional investors and hedge funds have recently modified their holdings of INGR. Farther Finance Advisors LLC boosted its stake in shares of Ingredion by 32.5% in the 1st quarter. Farther Finance Advisors LLC now owns 1,006 shares of the company’s stock worth $137,000 after buying an additional 247 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Ingredion by 10.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,305 shares of the company’s stock valued at $1,664,000 after purchasing an additional 1,114 shares in the last quarter. State of Alaska Department of Revenue lifted its position in Ingredion by 0.4% during the first quarter. State of Alaska Department of Revenue now owns 27,928 shares of the company’s stock valued at $3,775,000 after purchasing an additional 125 shares in the last quarter. Institute for Wealth Management LLC. purchased a new position in Ingredion during the first quarter valued at $226,000. Finally, Covea Finance lifted its position in Ingredion by 4.8% during the first quarter. Covea Finance now owns 52,500 shares of the company’s stock valued at $7,099,000 after purchasing an additional 2,400 shares in the last quarter. 85.27% of the stock is currently owned by hedge funds and other institutional investors.

About Ingredion

Ingredion Incorporated, together with its subsidiaries, manufactures and sells sweeteners, starches, nutrition ingredients, and biomaterial solutions derived from wet milling and processing corn, and other starch-based materials to a range of industries in North America, South America, the Asia Pacific, Europe, the Middle East, and Africa.