Ingredion (NYSE:INGR) Reaches New 1-Year Low – Here’s What Happened

Ingredion Incorporated (NYSE:INGR) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $99.75 and last traded at $101.75, with a volume of 37232 shares trading hands. The stock had previously closed at $101.42.

Analyst Ratings Changes

INGR has been the topic of several analyst reports. Barclays reduced their price objective on Ingredion from $128.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 6th. Oppenheimer reduced their price objective on Ingredion from $130.00 to $126.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 22nd. BMO Capital Markets reiterated a “market perform” rating on shares of Ingredion in a research note on Wednesday, February 4th. Jefferies Financial Group reiterated a “hold” rating on shares of Ingredion in a research note on Wednesday, February 4th. Finally, Benchmark initiated coverage on Ingredion in a research note on Tuesday, March 17th. They issued a “buy” rating and a $130.00 price objective on the stock. Two equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $122.43.

Ingredion Stock Performance

The company has a debt-to-equity ratio of 0.40, a current ratio of 2.76 and a quick ratio of 1.83. The company has a market capitalization of $6.40 billion, a price-to-earnings ratio of 9.78, a PEG ratio of 0.86 and a beta of 0.64. The stock has a 50 day simple moving average of $111.15 and a two-hundred day simple moving average of $112.16.

Ingredion (NYSE:INGR) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.10). Ingredion had a net margin of 9.36% and a return on equity of 15.86%. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the prior year, the business earned $2.97 earnings per share. The firm’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. As a group, analysts anticipate that Ingredion Incorporated will post 10.88 earnings per share for the current year.

Ingredion Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 21st. Shareholders of record on Wednesday, April 1st were paid a $0.82 dividend. The ex-dividend date was Wednesday, April 1st. This represents a $3.28 dividend on an annualized basis and a yield of 3.2%. Ingredion’s dividend payout ratio (DPR) is currently 31.60%.

Insider Transactions at Ingredion

In other news, SVP Larry Fernandes sold 1,125 shares of Ingredion stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $116.55, for a total transaction of $131,118.75. Following the sale, the senior vice president owned 30,514 shares in the company, valued at approximately $3,556,406.70. The trade was a 3.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James P. Zallie sold 9,958 shares of Ingredion stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $116.55, for a total value of $1,160,604.90. Following the sale, the chief executive officer owned 33,011 shares in the company, valued at $3,847,432.05. This trade represents a 23.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 11,459 shares of company stock worth $1,334,001. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Ingredion

Hedge funds and other institutional investors have recently made changes to their positions in the stock. WPG Advisers LLC grew its holdings in shares of Ingredion by 100.8% during the third quarter. WPG Advisers LLC now owns 245 shares of the company’s stock worth $30,000 after buying an additional 123 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Ingredion during the fourth quarter worth about $30,000. GHP Investment Advisors Inc. purchased a new position in shares of Ingredion during the first quarter worth about $33,000. Root Financial Partners LLC purchased a new position in shares of Ingredion during the third quarter worth about $36,000. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Ingredion during the fourth quarter worth about $36,000. Hedge funds and other institutional investors 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.