Ingredion (NYSE:INGR) Reaches New 12-Month Low – Should You Sell?

Ingredion Incorporated (NYSE:INGR)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $97.08 and last traded at $97.0450, with a volume of 57215 shares traded. The stock had previously closed at $97.93.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. UBS Group reissued a “neutral” rating and set a $114.00 price objective on shares of Ingredion in a research note on Thursday, May 7th. Benchmark reiterated a “buy” rating on shares of Ingredion in a report on Tuesday, June 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Ingredion in a research report on Friday, March 27th. Barclays cut their price target on shares of Ingredion from $128.00 to $120.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. Finally, Zacks Research cut shares of Ingredion from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $122.43.

Ingredion Price Performance

The company has a market cap of $6.18 billion, a PE ratio of 9.45, a price-to-earnings-growth ratio of 0.81 and a beta of 0.60. The business has a 50 day moving average of $105.21 and a 200 day moving average of $110.72. 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 (NYSE:INGR) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $2.34 earnings per share (EPS) 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 company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same period in the previous year, the firm posted $2.97 earnings per share. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. As a group, research analysts predict that Ingredion Incorporated will post 10.88 EPS for the current year.

Ingredion Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Wednesday, July 1st will be given a dividend of $0.82 per share. The ex-dividend date is Wednesday, July 1st. This represents a $3.28 annualized dividend and a dividend yield of 3.3%. Ingredion’s payout ratio is currently 31.60%.

Hedge Funds Weigh In On Ingredion

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Ingredion by 2.9% during the 4th quarter. Vanguard Group Inc. now owns 7,487,354 shares of the company’s stock worth $825,556,000 after acquiring an additional 208,606 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Ingredion by 6.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,115,136 shares of the company’s stock valued at $350,952,000 after purchasing an additional 175,600 shares during the period. First Trust Advisors LP lifted its stake in shares of Ingredion by 53.1% in the 1st 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 period. AQR Capital Management LLC boosted its position in shares of Ingredion by 53.3% during the fourth quarter. AQR Capital Management LLC now owns 1,826,018 shares of the company’s stock valued at $201,337,000 after purchasing an additional 634,900 shares in the last quarter. Finally, Snyder Capital Management L P boosted its position in shares of Ingredion by 4.4% during the fourth quarter. Snyder Capital Management L P now owns 1,381,775 shares of the company’s stock valued at $152,355,000 after purchasing an additional 57,928 shares in the last quarter. 85.27% of the stock is owned by 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.