Ingredion (NYSE:INGR) Reaches New 1-Year Low – Should You Sell?

Ingredion Incorporated (NYSE:INGR) shares hit a new 52-week low on Monday . The company traded as low as $96.56 and last traded at $98.1460, with a volume of 1304448 shares changing hands. The stock had previously closed at $97.50.

Analyst Ratings Changes

INGR has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Ingredion in a report on Wednesday. Barclays decreased their target price on Ingredion from $128.00 to $120.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 6th. UBS Group reaffirmed a “neutral” rating and issued a $114.00 price target on shares of Ingredion in a report on Thursday, May 7th. Zacks Research lowered shares of Ingredion from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Finally, Benchmark reissued a “buy” rating on shares of Ingredion in a report on Tuesday, June 9th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $122.43.

Ingredion Stock Performance

The firm has a fifty day simple moving average of $104.26 and a 200-day simple moving average of $110.51. The company has a quick ratio of 1.83, a current ratio of 2.76 and a debt-to-equity ratio of 0.40. The company has a market cap of $6.08 billion, a PE ratio of 9.30, a price-to-earnings-growth ratio of 0.82 and a beta of 0.60.

Ingredion (NYSE:INGR) last released its quarterly earnings results 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). The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.79 billion. Ingredion had a return on equity of 15.86% and a net margin of 9.36%.The company’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.97 EPS. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. On average, research analysts forecast that Ingredion Incorporated will post 10.88 EPS for the current fiscal year.

Ingredion Announces Dividend

The firm 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 $0.82 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $3.28 annualized dividend and a yield of 3.4%. Ingredion’s dividend payout ratio is 31.60%.

Institutional Investors Weigh In On Ingredion

Institutional investors and hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC acquired a new position in Ingredion in the 4th quarter valued at about $30,000. GHP Investment Advisors Inc. acquired a new stake in Ingredion during the 1st quarter worth approximately $33,000. Los Angeles Capital Management LLC purchased a new position in shares of Ingredion in the 4th quarter valued at approximately $36,000. Capital Advisors Ltd. LLC grew its stake in shares of Ingredion by 40.5% in the 4th quarter. Capital Advisors Ltd. LLC now owns 354 shares of the company’s stock valued at $39,000 after purchasing an additional 102 shares during the last quarter. Finally, Root Financial Partners LLC increased its holdings in shares of Ingredion by 83.7% in the first quarter. Root Financial Partners LLC now owns 371 shares of the company’s stock valued at $42,000 after purchasing an additional 169 shares during the period. 85.27% of the stock is owned by hedge funds and other institutional investors.

About Ingredion

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.