Ingredion (NYSE:INGR) Stock Rating Upgraded by Zacks Research

Ingredion (NYSE:INGR) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Several other analysts also recently issued reports on the stock. UBS Group reaffirmed a “neutral” rating and issued a $114.00 price target on shares of Ingredion in a report on Thursday, May 7th. Oppenheimer cut shares of Ingredion from an “outperform” rating to a “market perform” rating in a research note on Monday, June 8th. Benchmark restated a “buy” rating on shares of Ingredion in a research report on Tuesday, June 9th. Barclays reduced their target price 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. Finally, Weiss Ratings downgraded Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $122.43.

Ingredion Trading Up 1.1%

NYSE:INGR opened at $99.27 on Tuesday. The company has a market capitalization of $6.26 billion, a PE ratio of 9.56, a price-to-earnings-growth ratio of 0.82 and a beta of 0.62. The company has a quick ratio of 1.83, a current ratio of 2.76 and a debt-to-equity ratio of 0.40. Ingredion has a 52-week low of $94.44 and a 52-week high of $135.90. The stock has a fifty day simple moving average of $100.50 and a 200-day simple moving average of $109.30.

Ingredion (NYSE:INGR) last released 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 business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter in the prior year, the firm earned $2.97 earnings per share. Ingredion’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, equities research analysts expect that Ingredion will post 10.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ingredion

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Ingredion by 2.9% during the fourth 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 last quarter. Dimensional Fund Advisors LP raised its holdings in 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 acquiring an additional 175,600 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Ingredion by 53.1% during the 1st quarter. First Trust Advisors LP now owns 3,054,149 shares of the company’s stock worth $344,080,000 after purchasing an additional 1,059,324 shares during the period. AQR Capital Management LLC lifted its stake in shares of Ingredion by 53.3% during the 4th quarter. AQR Capital Management LLC now owns 1,826,018 shares of the company’s stock worth $201,337,000 after purchasing an additional 634,900 shares during the period. Finally, Snyder Capital Management L P boosted its holdings 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 worth $152,355,000 after purchasing an additional 57,928 shares during the last quarter. Hedge funds and other institutional investors own 85.27% of the company’s stock.

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.