Ingredion Incorporated (NYSE:INGR) Given Average Rating of “Hold” by Analysts

Ingredion Incorporated (NYSE:INGR) has been assigned an average rating of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $122.4286.

Several analysts have commented on the stock. Barclays lowered their price objective on shares of Ingredion from $128.00 to $120.00 and set an “equal weight” rating for the company in a report on Wednesday, May 6th. Oppenheimer lowered their price objective on shares of Ingredion from $130.00 to $126.00 and set an “outperform” rating for the company in a report on Wednesday, April 22nd. Zacks Research lowered shares of Ingredion from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Weiss Ratings restated a “hold (c)” rating on shares of Ingredion in a report on Friday, March 27th. Finally, UBS Group restated a “neutral” rating and issued a $114.00 price objective on shares of Ingredion in a report on Thursday, May 7th.

Ingredion Stock Performance

Shares of INGR opened at $100.11 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.76 and a quick ratio of 1.83. Ingredion has a one year low of $98.29 and a one year high of $140.47. The company has a 50-day simple moving average of $108.36 and a two-hundred day simple moving average of $111.36. The firm has a market capitalization of $6.31 billion, a PE ratio of 9.64, a price-to-earnings-growth ratio of 0.84 and a beta of 0.60.

Ingredion (NYSE:INGR) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $2.34 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 company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter last year, the business earned $2.97 earnings per share. The business’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. On average, analysts anticipate that Ingredion will post 10.88 EPS for the current fiscal year.

Ingredion Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Wednesday, July 1st will be issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Wednesday, July 1st. Ingredion’s dividend payout ratio (DPR) is presently 31.60%.

Insider Activity

In other news, VP Davida Marie Gable sold 375 shares of Ingredion stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $112.44, for a total transaction of $42,165.00. Following the completion of the transaction, the vice president directly owned 7,110 shares in the company, valued at approximately $799,448.40. This trade represents a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Ingredion

Several large investors have recently made changes to their positions in INGR. First Trust Advisors LP lifted its holdings in shares of Ingredion by 53.1% during the first quarter. First Trust Advisors LP now owns 3,054,149 shares of the company’s stock valued at $344,080,000 after purchasing an additional 1,059,324 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted 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 valued at $114,351,000 after purchasing an additional 1,032,421 shares during the last quarter. Norges Bank purchased a new position in shares of Ingredion during the fourth quarter valued at approximately $85,310,000. AQR Capital Management LLC increased its position in shares of Ingredion by 143.1% during the third quarter. AQR Capital Management LLC now owns 1,191,118 shares of the company’s stock valued at $144,685,000 after acquiring an additional 701,063 shares in the last quarter. Finally, Cooke & Bieler LP increased its position in shares of Ingredion by 33.6% during the fourth quarter. Cooke & Bieler LP now owns 1,207,153 shares of the company’s stock valued at $133,101,000 after acquiring an additional 303,807 shares in the last quarter. 85.27% of the stock is currently owned by hedge funds and other institutional investors.

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.