Shares of Ingredion Incorporated (NYSE:INGR – Get Free Report) have been assigned an average recommendation of “Hold” from the nine brokerages that are covering the company, MarketBeat.com reports. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $122.4286.
INGR has been the topic of a number of research analyst reports. Benchmark reaffirmed a “buy” rating on shares of Ingredion in a research note on Tuesday, June 9th. Weiss Ratings cut shares of Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. Oppenheimer lowered shares of Ingredion from an “outperform” rating to a “market perform” rating in a report on Monday, June 8th. UBS Group reiterated a “neutral” rating and issued a $114.00 target price on shares of Ingredion in a research report on Thursday, May 7th. Finally, Barclays decreased their price target on shares of Ingredion from $128.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 6th.
Read Our Latest Analysis on Ingredion
Ingredion Stock Up 0.9%
Ingredion (NYSE:INGR – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.10). Ingredion had a return on equity of 15.86% and a net margin of 9.36%.The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the previous year, the firm posted $2.97 earnings per share. The company’s quarterly revenue was down 1.2% on a year-over-year basis. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. Sell-side analysts expect that Ingredion will post 10.81 earnings per share for the current fiscal year.
Ingredion Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Wednesday, July 1st were paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Wednesday, July 1st. Ingredion’s dividend payout ratio (DPR) is 31.60%.
Institutional Investors Weigh In On Ingredion
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Fifth Third Wealth Advisors LLC boosted its stake in Ingredion by 4.1% during the first quarter. Fifth Third Wealth Advisors LLC now owns 2,221 shares of the company’s stock worth $250,000 after buying an additional 88 shares during the last quarter. Vista Investment Management increased its stake in shares of Ingredion by 0.8% in the 2nd quarter. Vista Investment Management now owns 10,789 shares of the company’s stock worth $1,463,000 after acquiring an additional 89 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Ingredion by 0.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 25,293 shares of the company’s stock worth $2,789,000 after acquiring an additional 91 shares during the last quarter. Teza Capital Management LLC raised its holdings in shares of Ingredion by 4.2% during the 2nd quarter. Teza Capital Management LLC now owns 2,275 shares of the company’s stock worth $309,000 after acquiring an additional 92 shares during the period. Finally, Murphy Pohlad Asset Management LLC raised its holdings in shares of Ingredion by 1.2% during the 4th quarter. Murphy Pohlad Asset Management LLC now owns 8,340 shares of the company’s stock worth $920,000 after acquiring an additional 95 shares during the period. Institutional investors and hedge funds 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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