Brokerages Set Ingredion Incorporated (NYSE:INGR) Target Price at $126.43

Shares of Ingredion Incorporated (NYSE:INGRGet Free Report) have been assigned an average recommendation of “Hold” from the nine research firms that are currently covering the company, Marketbeat reports. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $126.4286.

A number of brokerages have recently commented on INGR. Barclays lifted their price objective on shares of Ingredion from $124.00 to $128.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 4th. UBS Group raised their target price on shares of Ingredion from $119.00 to $124.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Zacks Research upgraded Ingredion from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Wall Street Zen downgraded Ingredion from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Ingredion in a research note on Monday, December 29th.

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More Ingredion News

Here are the key news stories impacting Ingredion this week:

Ingredion Trading Down 1.0%

Shares of Ingredion stock opened at $109.18 on Wednesday. The stock has a market cap of $6.87 billion, a P/E ratio of 9.78, a P/E/G ratio of 0.87 and a beta of 0.69. The company has a quick ratio of 1.73, a current ratio of 2.66 and a debt-to-equity ratio of 0.41. Ingredion has a 12-month low of $102.31 and a 12-month high of $141.78. The business’s 50 day moving average is $115.76 and its 200-day moving average is $115.43.

Ingredion (NYSE:INGRGet Free Report) last released its earnings results on Tuesday, February 3rd. The company reported $2.53 earnings per share for the quarter, missing the consensus estimate of $2.59 by ($0.06). Ingredion had a net margin of 10.10% and a return on equity of 17.32%. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same period in the prior year, the business posted $2.63 earnings per share. Ingredion’s quarterly revenue was down 2.4% compared to the same quarter last year. Ingredion has set its FY 2026 guidance at 11.000-11.8 EPS. Equities research analysts predict that Ingredion will post 11.14 earnings per share for the current fiscal year.

Ingredion Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 21st. Investors of record on Wednesday, April 1st will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Wednesday, April 1st. Ingredion’s dividend payout ratio is 29.39%.

Insider Buying and Selling at Ingredion

In other Ingredion news, CEO James P. Zallie sold 9,958 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $116.55, for a total transaction of $1,160,604.90. Following the completion of the sale, the chief executive officer owned 33,011 shares of the company’s stock, valued at $3,847,432.05. This trade represents a 23.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction of $42,165.00. Following the transaction, the vice president directly owned 7,110 shares of the company’s stock, valued at approximately $799,448.40. This trade represents a 5.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 48,685 shares of company stock valued at $5,783,898 in the last quarter. 2.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Ingredion by 22,036.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,037,106 shares of the company’s stock worth $114,351,000 after acquiring an additional 1,032,421 shares during the period. First Trust Advisors LP increased its stake in shares of Ingredion by 90.9% during the fourth quarter. First Trust Advisors LP now owns 1,994,825 shares of the company’s stock worth $219,949,000 after purchasing an additional 950,006 shares during the period. Norges Bank acquired a new stake in Ingredion during the 4th quarter worth approximately $85,310,000. AQR Capital Management LLC lifted its holdings in Ingredion by 143.1% during the 3rd quarter. AQR Capital Management LLC now owns 1,191,118 shares of the company’s stock worth $144,685,000 after purchasing an additional 701,063 shares during the last quarter. Finally, Cooke & Bieler LP boosted its stake in Ingredion by 33.6% in the 4th quarter. Cooke & Bieler LP now owns 1,207,153 shares of the company’s stock valued at $133,101,000 after purchasing an additional 303,807 shares during the period. Institutional investors and hedge funds own 85.27% of the company’s stock.

About Ingredion

(Get Free Report)

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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Analyst Recommendations for Ingredion (NYSE:INGR)

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